THE REAL ESTATE MINUTE - Feb/2024 Edition - Top Affordable Homes, Foreclosures Lists & More

FEBRUARY MARKET UPDATE

Activity increased throughout January with 189 new listings, doubling December's 92. At the same time, few multiple offer situations have been reported once again. 

Single Family Homes from the Chilliwack Board in the last 7 days received:
53 New Listings
14 Expired
13 Price Changes
33 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 Feb, 2024

Single Family Stats - Feb 2024

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

Sale Price decreased 3.4% from $880k in December to $850k in January. (February/22 was at 1100k).
New Listings increased from 92 in December to 189 in January.
Total Inventory Total inventory decreased from 505 in December to 444 in January. (Inventory sat at 835 in July/22 and 157 in Dec/21)
Unit Sales increased from 70 in December to 108 in January. (March/21 was at a whopping 355)
Sales to Active Ratio also increased from 14% in June to 24% in July. (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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