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.

Just Posted

UPDATE: One man airlifted to hospital following incident on Chilliwack River Road

Chilliwack River Road closed off as police investigate; RCMP will not confirm reports of a shooting

Garrison store going to new heights for children’s charity

Save-On Foods employees raising cash for BC Children’s Hospital, by throwing managers from airplane

Tourism Chilliwack brings home industry award of excellence

Sto:lo Welcome Figures carving project outside the Visitor Centre loomed large in the win

UPDATE: Dying days for 25-bed mental health facility on Chilliwack/Abbotsford border

Closure of Mountain View criticized by NDP in opposition but hasn’t reversed Fraser Health decision

B.C’s Indigenous tourism sector takes centre stage in Chilliwack

One-day workshop will look at ways to embue the industry with authenticity

Vancouver Aquarium’s resident octopus released into ocean

Staff let the Giant Pacific octopus go into the waters near Bowen Island so she can reproduce

BREAKING: B.C. mother hit in truck rampage dies

Family confirms mother of four Kelly Sandoval dies almost two months after being hit.

B.C. officials failed to tell Kiwis Fraser Health CEO had been fired in 2014

New Zealand spending scandal exposes Dr. Nigel Murray 2014 exit from B.C. job

PHOTOS: Students exhibit stunning paper couture dresses

22 paper made gowns will be on display at Vancouver’s Oakridge Centre until March 27

BCHL Today: Prince George avoids elimination with game five win

BCHL Today is a (near) daily look at what’s going on around the league and the junior A world.

Suspect arrested and charged for assault on autistic man

Parmvir Chahil has strong B.C. ties; two others charged with accessory after the fact

Uber self-driving crash video calls safety, rules into question

Experts say footage shows that vehicle’s sensors should have spotted pedestrian, initiated braking

Installation complete for Alex Fraser Bridge cable collars

The collars will continue to be operated manually

UPDATED: MPs Elizabeth May, Kennedy Stewart arrested at B.C. anti-pipeline protest

The demonstration is part of a day of action against the Trans Mountain expansion

Most Read