The average house price in Chilliwack was $312

Chilliwack home sales buoyed by end of flood fears?

Chilliwack homes sales in July jumped by 25 per cent over sales in the same month last year.

Chilliwack homes sales in July jumped by 25 per cent over sales in the same month last year.

Whether the increase stemmed from buyers getting out after the wet weather and flood threats of June, or because of continuing low interest rates, Cynthia Admiraal, president of the Chilliwack & District Real Estate board, could not say for sure.

But resale housing demand came in “much stronger than expected in July,” she said.

“In fact, when you adjust the data to account for normal seasonal variations, July was actually the strongest month for home sales in the region since late 2009.”

The average house price in Chilliwack was $312,418, up by one per cent over July, 2011.

That’s still a more affordable price than houses located in the Vancouver area, which should keep buyers interested in looking at Chilliwack.

And Admiraal said she expects sales in Chilliwack will get stronger by the end of the year.

There were 8.3 months of housing “inventory” in Chilliwack at the end of July, down from the 10.6 months reported at the same time last year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

There were 1,852 active residential listings in Chilliwack on the MLS system at the end of July, down three per cent from July, 2011.

The combined dollar value of Chilliwack home sales in July totaled $69.7 million, up 26 per cent over the dollar volume reported last July. The total value of all properties sold in July was $74.1 million, up 21 per cent on year-over-year basis.

rfreeman@theprogress.com

twitter.com/paperboy2

Just Posted

Police officer hit by car, stabbed in Edmonton attack back on job

Const. Mike Chernyk, 48, returned to work Thursday

UPDATE w/ VIDEO: Chilliwack homeless camp given eviction notice

Inside the camp that will be removed by Monday RCMP according to trespass notice

Missing Chilliwack teen found ‘safe and sound’

Boy found just as mother was organizing search

Chilliwack Rotary club reports $4,200 theft at storage shed

Rotary Train Shed adjacent to homeless camp on reserve land broken into Oct. 15

Rainfall warning issued across Lower Mainland into the weekend

50 to 70 mm of rain expected to fall starting overnight Friday and into Sunday morning

VIDEO: ‘Lyle the singing pig’ searching for home

SPCA say the pig is ‘not opera-ready’

UBC medical students learn to care for Indigenous people

Students in health-related studies to take course, workshop to help better serve Aboriginal people

Dorsett has 2 goals, assist in Canucks’ 4-2 win over Sabres

‘It was a real good hockey game by our group,’ Canucks coach Travis Green said.

Berry disappointed: Bear tries to eat fake fruit on woman’s door wreath

A Winnipeg woman has taken her berry-embellished wreath down, after a hungry bear visited her porch

Are you ready for storm season?

BC Hydro offers tips on preparing for the storm season

Man in custody linked police search near Salmon Arm

Police have not connected arrest to search at Salmon River Road property

B.C. search groups mobilize for missing mushroom picker

Searchers from across the province look for Frances Brown who has been missing since Oct. 14.

Have you heard about Black Press scholarships?

Up to 37 scholarships are awarded each year to students throughout British Columbia

Search for missing B.C. man a race against winter weather

David Jeff of Williams Lake was last seen in Kamloops during the chaotic wildfire evacuations

Most Read