THE REAL ESTATE MINUTE - Apr/2022 Edition - Top Affordable Homes, Foreclosures Lists & More

APRIL MARKET UPDATE

Buyers of the Chilliwack real estate had significantly more inventory to choose from last month due to a record-breaking volume of new listings received for the month of March. 

Single Family Homes from the Chilliwack Board in the last 7 days alone received:
111 New Listings
48 Price Changes
36 Sold
54 Open Houses

As we can see, new listings are outnumbering sales by over 3 times leading to a substantial increase in inventory. Price changes are also rapidly increasing with more price changes then that have sold.

For the most updated market information on what is happening in your neighborhood, give me a call/text at (604) 793 6103 or e-mail at evert@evertguliker.com

Chilliwack Real Estate Market Stats Apr, 2022

Single Family Home Stats - Apr 2022

*Click the link above to scroll through multiple page PDF's for various stats. The stats are based on single family resale homes only.

Median Sale Price finally dropped for the 1st time since June 2021 from $1,100k in Feb to $1048k in March.
Total Inventory continues up for 3d month in a row from 323 in Feb to 518 in March.
New Listings continues up for 3d month in a row from 350 in Feb to 517 in March.
Unit Sales dropping from 200 in Feb to 181 in Mar.
Sales to Active Ratio Sales to Active Ratio dropped significantly from 62% in Feb to 35% in March. This has been this lowest since July 2020.

FOR MORE STATS, VISIT: Chilliwack Stats

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