Home sales continue to rise in Chilliwack

This past April was another strong home sales month, according to the Chilliwack and District Real Estate Board.

This past April was another strong home sales month, which indicates increasing consumer confidence in the local market, according to the Chilliwack and District Real Estate Board (CADREB).

Last month’s sales surpassed even the “formidable” ones of April 2012, with a total of 193 homes sold in Chilliwack and surrounding areas. That’s 25 more “sold” signs than in March.

CADREB president Jesse Hildebrandt expects the trend to continue.

“All indicators are for continued stronger growth in the second half of the year,” he said.

Hildebrandt suspects that the currently low interest rates will remain.

“Interest rates are expected to stay low until the end of the year. With a good inventory of listings at various price points and continued low rates, if anyone is in a position to buy, I can’t see why they wouldn’t jump at the opportunity at this time,'” he said.

The average sale price of residential homes was $292,811 last month, down $11,000 from the month before and down $6,000 from April 2012.

The most common home sold was in the $300,000 to $349,999 range, with the next bracket up being the second most common. No homes sold over $1,000,000, and 20 sold at under $100,000.

Twelve non-residential properties, consisting of vacant residential land and commercial properties, sold for an average of $232,911.

A total of 472 new residential listings joined the market in April, an increase of 14 from the same month last year. There are 1,727 active listings, down from 1,815 last year.

akonevski@theprogress.com
twitter.com/alinakonevski

Just Posted

Details of Chilliwack councillor’s expenses being sent to the RCMP

Decision to have expenses audited and shared with police taken at special meeting on Wednesday

Update: Search called off for missing plane between Edmonton and Chilliwack

Search efforts were concentrated along the Highway 5 corridor between Valemount and Kamloops

Around the BCHL – Trail Smoke Eater grad to captain NCAA Michigan Tech Huskies

Around the BCHL is a regular look at the BCHL and goings-on throughout the junior A world.

Chilliwack firefighter seeking to reunite Rosedale VFD’s old auxiliary fire pump with antique engine

It’s been four decades, but Pat Liebault is hoping to reunite Rosedale’s auxiliary pump and engine

Watch out for Pavement Patty: Drivers warned outside B.C. elementary school

New survey reveals unsafe school zones during 2018 back-to-school week

Horvat leads Canucks to 4-3 shootout victory over Kings

Vancouver dumps L.A. in NHL pre-season contest

VIDEO: Woman files complaint over treatment of cat with two broken legs

Ariel Johnston of Abbotsford says her pet was sent home without pain medication

Why Whistler for ski jumping in 2026? Calgary proposal gets pushback

Calgary 2026 proposes re-using the 2010 ski jumping venue Whistler for that sport and nordic

VIDEO: Hundreds line highway as family brings home body of B.C. teen

Northern B.C. showed their support by lining Hwy 16 as Jessica Patrick’s body returned to Smithers.

Despite progress, threat of 232 tariffs dominates NAFTA negotiations

Any deal is seen to require congressional approval before Dec. 1 to survive new Mexican government

B.C. MP Todd Doherty receives award for saving man who collapsed on a plane

Conservative MP was flying from Vancouver to Prince George, B.C., in June last year

Alleged border jumper from Oregon facing 2 charges after police chase in B.C.

Colin Patrick Wilson charged with dangerous operation of motor vehicle, flight from a peace officer

More than 35 B.C. mayors elected without contest

No other candidates for mayor in the upcoming local election in 22 per cent of B.C. cities

Most Read