THE REAL ESTATE MINUTE - Apr/2024 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 20 MOST AFFORDABLE PROPERTIES
Looking for an affordable opportunity or investment in this market?
We once again have the top '20 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 - Apr 2024 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 (14) *14
Single Family (63) *56
Townhomes (10) *7
Condos (40) *29
Bareland (27) *19
BC Northern (40) *40

(*) Previous months ago

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B.C. announces tax on homes sold 2 years or less after purchase

Tax rate will be 20% for properties sold within a year of purchase, sliding to zero over following year.

Read more...

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APRIL MARKET UPDATE

Activity is holding steady with increasing inventory.

Single Family Homes from the Chilliwack Board in the last 7 days received:
78 New Listings
3 Expired
36 Price Changes
43 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

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Chilliwack Real Estate Market Stats Apr, 2024

Single Family Stats - Apr 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 increased 4.6% from $856k in February to $897k in March.
New Listings increased from 284 in February to 290 in March.
Total Inventory increased from 551 in February 584 in March.
Unit Sales increased from 107 in February to 129 in March.
Sales to Active Ratio also increased from 19% in February to 22% in March. (February/2022 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

Mortgage interest still driving inflation, as overall rate nudges up to 2.9%

Canada's inflation rate went up slightly in March compared to February, with Statistics Canada pointing out gasoline prices are partly behind the increase.

Read more...

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B.C. cracking down on ‘unfair’ evictions in Tenancy Act amendments

The B.C. government is proposing amendments to the Residential Tenancy Act, which it hopes will better protect renters from “bad-faith evictions.”