THE REAL ESTATE MINUTE - Feb/2023 Edition - Top Affordable Homes, Foreclosures Lists & More

FEBRUARY MARKET UPDATE

We have noticed lots of activity happening early January and feel this will continue into the spring market as things begin to heat up.

Single Family Homes from the Chilliwack Board in the last 7 days received:
75 New Listings
18 Expired
21 Price Changes
52 Sold

Many new listings are coming onto the market as buyers are actively looking to find something before the spring rush. Will be interesting so see how the market will unfold. 

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 Feb, 2023

Single Family Stats - Feb 2023

*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 increased from $742.5k in December to $820k in January. (February/22 was at 1100k).
New Listings increased substantially from 66 in December to 217 in January.
Total Inventory Total inventory increased for first time since July going from 442 in December to 460 in January. (Inventory sat at 835 in July/22 and 157 in Dec/21)
Unit Sales dropped for second month in a row from 64 in December to 57 in January. (March/21 was at a whopping 355)
Sales to Active Ratio decreased from 14% in December to 12% in January. (February/22 we were sitting at 62%). 12%-20% is considered a balanced market. Under 12% is a buyers market.

FOR MORE STATS, VISIT: Chilliwack Stats

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