Chilliwack, BC – An influx of new residents wanting to call Chilliwack home continues to propel the local real estate market.
No dog days of summer this year – August posted 291 home sales, well ahead of the 230 sales during the same month last year. This, at a time of year when home sales typically slow down.
“It’s been an incredible summer for home sales,” said Chilliwack and District Real Estate Board (CADREB) President, Travis Heppner.
“We have long known that Chilliwack and area is not prone to wildly fluctuating home prices and therefore is attractive to all types of buyers, but this summer we have definitely seen strong interest from people relocating from various points west”.
Of the 291 homes sold last month, the highest number (52) were in the $400,000-$499,999 range.
“This represents strength in the move-up category for local sellers and buyers, and also represents good value for people relocating from higher priced areas. A $500,000 home in Chilliwack and moreso in outlying areas can buy a lot more house and yard for the dollar,” added Mr. Heppner.
There was also strong activity in the $300,000 – $349,999 range (36 sales) and 32 sales in the $350,000 – $399,999 range. There were 12 sales of homes with acreage, and three properties over $1 million. The total value of properties sold was just over $98 million.
With demand high in all price ranges, more listings are needed! If you are considering a move up, or building your dream home to take advantage of the continued low interest rates, contact any of the experienced 271 REALTORS® of CADREB for a free, no obligation assessment.
CADREB LAUNCHES “VALLEY VOTES”
Always civic minded, CADREB has again launched The Valley Votes, an initiative started in 2011, designed to educate and inform the communities it serves in an effort to see voter turnout and engagement increase.
The main thrust of the campaign is via social media; Facebook, Twitter, and its own blogsite theValleyVotes.ca. A main feature of the blogsite is on-the-street video interviews with the people of our communities reflecting their opinions about voting and important local issues. The site has information about the function of government, and why, where, when and how to vote. There is also a “Get to Know the Candidates” area.
The highlight of CADREB’s ValleyVotes campaign is a twitter party (date to be announced). This virtual all-candidates one hour event was very successful in last year’s Civic election, bringing all the candidates together in one room to answer questions sent in via twitter.