Market Report

Chilliwack

June 2024

Sources: Real Estate Board of Greater Vancouver, Commercial Edge; Canadian Real Estate Association, MLS®; Altus Group; Statistics Canada; Landcor; RealNet.

Disclaimer: Data has been obtained from sources considered to be reliable as of the Report Date. However, no representation or warranty, expressed or implied, is made as to the accuracy of any of the information, projections or conclusions contained herein, and the same is submitted subject to errors and omissions, without any obligation to up date or correct.

Chilliwack Houses Townhomes Condos

Summary

Klein Reports 2024

Residential City Market Reports

Neighbourhoods Statistics

Account Benefits

Chilliwack Specialists

Olga Tarasenko

B.Ling (BACHELOR OF LINGUISTICS), DIBM

Text Call

Chilliwack Overview

Sales-to-Active Ratio

Single Family Houses

14%

Buyers Market

Single Family Townhouses

24%

Sellers Market

Single Family Condos

15%

Buyers Market

HPI Benchmark Price (Average Price)

Houses

$964,225

-8.2%

Lower Than Last Month

May 2024

0.1%

Higher Than Last Year

June 2023

Townhomes

$640,424

9.6%

Higher Than Last Month

May 2024

2.9%

Higher Than Last Year

June 2023

Condominiums

$452,672

3.9%

Higher Than Last Month

May 2024

25.8%

Higher Than Last Year

June 2023

Market Share

This Month

53.4%

Single Family Houses

28.2%

Single Family Townhouses

18.4%

Single Family Condos

Last Month

56.4%

Single Family Houses

28.4%

Single Family Townhouses

15.2%

Single Family Condos

Last 12 Months

60.3%

Single Family Houses

19.0%

Single Family Townhouses

20.7%

Single Family Condos

Single Family Houses

5 Year Trend

Market Status

Buyers Market

  Chilliwack is currently a Buyers Market. This means that less than 12% of listings are sold within 30 days. Buyers may have a slight advantage when negotiating prices.

14%

Buyer's Market

Balanced Market

Seller's Market

14%

Of Single Family
House Listings Sold

IN PAST 30 DAYS

645

Active Single Family
House Listings

IN PAST 30 DAYS

93

Single Family
House Listings Sold

IN PAST 30 DAYS

Summary of Sales Price Change

-8%

Lower Than
Last Month

May 2024

0%

Higher Than
Last Year

June 2023

Summary of Sales Volume Change

-19%

Lower Than
Last Month

May 2024

27%

Higher Than
Last Year

June 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

Single Family Townhomes

5 Year Trend

Market Status

Sellers Market

  Chilliwack is currently a Sellers Market. This means that >more than 20% of listings are sold within 30 days. Sellers may have a slight advantage when negotiating prices.

24%

Buyer's Market

Balanced Market

Seller's Market

24%

Of Single Family
Townhouse Listings Sold

IN PAST 30 DAYS

203

Active Single Family
Townhouse Listings

IN PAST 30 DAYS

49

Single Family
Townhouse Listings Sold

IN PAST 30 DAYS

Summary of Sales Price Change

10%

Higher Than
Last Month

May 2024

3%

Higher Than
Last Year

June 2023

Summary of Sales Volume Change

-16%

Lower Than
Last Month

May 2024

113%

Higher Than
Last Year

June 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

Single Family Condos

5 Year Trend

Market Status

Buyers Market

  Chilliwack is currently a Buyers Market. This means that less than 12% of listings are sold within 30 days. Buyers may have a slight advantage when negotiating prices.

15%

Buyer's Market

Balanced Market

Seller's Market

15%

Of Single Family
Condo Listings Sold

IN PAST 30 DAYS

218

Active Single Family
Condo Listings

IN PAST 30 DAYS

32

Single Family
Condo Listings Sold

IN PAST 30 DAYS

Summary of Sales Price Change

4%

Higher Than
Last Month

May 2024

26%

Higher Than
Last Year

June 2023

Summary of Sales Volume Change

3%

Higher Than
Last Month

May 2024

28%

Higher Than
Last Year

June 2023

Sales Price

Sales-to-Active Ratio

Number of Transactions

Klein

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