Newsletter

The Chilliwack real estate market continues to offer opportunities for buyers, with inventory levels remaining healthy and conditions favouring a more balanced marketplace. June saw 1,388 active listings and 220 homes sold, resulting in 6.3 months of inventory, which gives buyers more selection and negotiating power than we’ve seen in recent years.

Homes are taking an average of 32 days to sell, indicating that properly priced properties are still moving, while overpriced listings are facing increased competition.

Average sale prices have seen modest year-over-year adjustments:

• Detached Homes: $891,504 (-0.3%)
• Townhomes: $585,139 (-4.0%)
• Condos: $415,937 (-5.6%)

Overall, we’re seeing a stable market with pricing holding relatively firm despite increased inventory. For buyers, this means more options and less pressure to rush decisions. For sellers, strategic pricing and strong presentation remain key to achieving top dollar.

If you’re considering buying, selling, or simply curious about your home’s current value, feel free to reach out for a personalized market update.

The Chilliwack and surrounding areas market has remained active this Spring, with a steady flow of new listings throughout March and April. Inventory levels are strong, with 1,231 properties currently on the market, giving buyers a wide selection of homes to choose from.

With 7.2 months of inventory and homes averaging 41 days on market, conditions are leaning toward a buyer’s market. This means buyers have more time, more choice, and greater negotiating power. We are seeing some softening in prices in certain segments—particularly townhomes—while condos have shown some upward movement, and detached homes have remained relatively stable overall.

Buyers are actively submitting offers and completing their due diligence, making this a great opportunity to secure a home at a competitive price. For sellers, strategic pricing and strong presentation are key to achieving a timely sale in today’s market.

If you’re curious about your options—whether buying or selling—I’d be happy to chat. Feel free to reply to this email, or call/text me at 604-812-1326. Let’s explore the possibilities for you in today’s market!

We’re currently sitting at 1,026 active listings, with 115 homes sold last month. The average days on market is 51, and inventory has climbed to 8.9 months, which means buyers have more choice and less pressure compared to previous years.

Average prices by property type:

• Detached: $895,649 (⬆️ 7.3%)
• Townhomes: $575,875 (⬇️ 6.2%)
• Condos: $516,187 (⬆️ 24.3%)

Overall, we’re seeing a more balanced market. Detached homes are holding strong, condos are gaining momentum, while townhomes have softened slightly. This creates great opportunities depending on whether you’re buying, selling, or just keeping an eye on the market.

If you’re curious how these numbers apply to your specific neighbourhood or property, I’m always happy to break it down for you.