Chilliwack and area was still “a relatively active market” in June 2024, according to Chilliwack and District Real Estate Board.
There were 250 units sold overall for a total of $192,733,265 in residential sales, according to CADREB’s monthly statistics.
A total of 143 units sold in June 2024 were single-family homes, where the benchmark price was calculated at $909,700. That’s a 10 per cent jump year-over-year compared to the 125 single-family sales in June 2023.
The average sales price was $769,109, which dipped 2.8 per cent from last year’s $791,551.
In terms of townhouses, 51 sold with a benchmark price of $642,600, up 5.5 per cent.
“Prices are still on the stable side edging into the balanced market area,” according to the June 2024 statistics report from Chilliwack and District Real Estate Board (CADREB).
A “balanced” market in real estate is one where the supply of housing put on the market by sellers meets the demand of buyers.
Total units sold made for a 2.5 per cent increase over June 2023.
The biggest bump was in apartment sales with 41 units changing hands, which was a 20.6 per cent increase in volume, with a typical price of $418,500, which is up 2.4 per cent over last year’s.
“New listings are still coming on the market but not flooding in which keeps prices fairly stable,” the report summary said. “Sellers need to price their homes keenly for quicker sales.”
CADREB covers Chilliwack, Cultus Lake, Agassiz, Harrison Hot Springs, Hope, Boston Bar, and the rural areas in between.
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