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

OCTOBER MARKET UPDATE

Buyers of the Chilliwack real estate still have a significant amount of inventory to choose from due to a record-breaking volume of new listings received for the month of September. 

Single Family Homes from the Chilliwack Board in the last 7 days alone received:
64 New Listings
43 Expired
58 Price Changes
17 Sold

New listings are still outnumbering sales by almost 4 times leading to a substantial increase in inventory. Price changes are also rapidly increasing with price reductions almost at the same amount of new listings.

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 Oct, 2022

Single Family Home Stats - Oct 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 dropped for the 7th time in a row from $815k in Aug to $750k in Sept. This is a 350k drop from February which then stood at 1100k. 
New Listings are up for the first time since May from 219 in Aug to 245 in Sept.
Total Inventory dropping for the 2nd month in a row from 764 in Aug to 687 in Sept.
Unit Sales Slightly rose for 2nd month in a row from 76 in Aug to 80 in Sept.
Sales to Active Ratio picked up for the first time and rising form 10% in August to 12% in September. 12%-20% is considered a balanced market. Under 12% is a buyers market.

FOR MORE STATS, VISIT: Chilliwack Stats

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