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

Evert Guliker - Real Estate Consultant

Select Real Estate

evert@evertguliker.com
1-604-793-6103
http://www.evertguliker.com/

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Most Affordable Homes, Foreclosure Lists, and More...

TOP 15 MOST AFFORDABLE PROPERTIES
Looking for an affordable opportunity or investment in this market?
We once again have the top '15 Most Affordable Properties' & the 'Complete Foreclosure' lists in various categories and locations in the links below.

ACREAGES
The Chilliwack Board
Fraser Valley Board
Vancouver Board (Mainland)
Sunshine Coast
Islands Van & Gulf

SINGLE FAMILY HOMES
The Chilliwack Board
Fraser Valley Board
Vancouver Board (Mainland)
Sunshine Coast
Islands Van & Gulf

TOWNHOMES
The Chilliwack Board
Fraser Valley Board
Vancouver Board (Mainland)
Sunshine Coast

CONDOS
The Chilliwack Board
Fraser Valley Board
Vancouver Board (Mainland)
Sunshine Coast

BARE LAND
Lower Mainland

MULTIFAMILY
Lower Mainland

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MOST EXPENSIVE
And for those who need a little more space or view, I placed these properties in the following link with access to more pictures...

10 most expensive properties in the Lower Mainland

10 most expensive properties in the Chilliwack Board area

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And, here it is - the ever popular FORECLOSURE LIST - Jun 2023 edition.

Buying a foreclosure property is different than other home purchases. So if you decide to do this, make sure you have a realtor well versed in this type of transaction.

FORECLOSURE LISTS

House with Acreage (02)
Single Family (1)
Townhomes (06)
Condos (14)
Bareland (18)
BC Northern (33)

Receive weekly updated foreclosure lists. CLICK HERE to SIGN UP.

Comments

Surge of supply in Fraser Valley real estate market

New listings in the region from North Delta to Abbotsford/Mission surged 40 per cent over April.

Lenders—including some big banks—are hiking fixed mortgage rates again

The past two weeks have seen a flurry of mortgage rate increases at mortgage lenders, including several of the Big 6 banks.

JUNE MARKET UPDATE

Activity has substantially increased in the past 3 weeks with multiple offer situations happening once again. How long this will go on and whether we will experience a cool down during the holiday season is anyone's guess.

Single Family Homes from the Chilliwack Board in the last 7 days received:
85 New Listings
03 Expired
17 Price Changes
49 Sold

Many sellers are beginning to take advantage of the low inventory market, which has recently been driving up the sale prices.

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

Comments

Chilliwack Real Estate Market Stats Jun, 2023

Single Family Stats - Jun 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 decreased from $852.5k in April to $850k in May. (February/22 was at 1100k).
New Listings increased from 256 in April to 317 in May.
Total Inventory Total inventory decreased from 480 in April to 462 in May. (Inventory sat at 835 in July/22 and 157 in Dec/21)
Unit Sales jumped up from 154 in April to 210 in May. (March/21 was at a whopping 355)
Sales to Active Ratio increased from 32% in April to 46% in May. (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

Comments

B.C.’s rescission period: ‘Harmful, not helpful,’ says Phil Soper

“Unfortunately, we are seeing people blatantly abusing the program by making offers on multiple homes as they shop around, locking up scant housing inventory as if clothing in a retail store. The legislation is harmful, not helpful, and should be amended or scrapped.”