The average single family home in the Chilliwack and District Real Estate Board sold in September 2020 for $678,300. This home on Riverside Drive in Chilliwack was listed for $680,000 as of Oct. 6, 2020. (Realtor.ca)

Record September real estate sales in Chilliwack and surrounding area

Realtors say more buyers than ever are moving in from metropolitan Vancouver

The demand for single family homes in Chilliwack is hitting unprecedented highs as prices also continue to rise.

The 421 home sales in the Chilliwack and District Real Estate Board (CADREB) area last month is an all-time high for the month. That was also 36 per cent higher than the next highest ever September (309 sales in 2017), 50 per cent higher than last September (281 sales), and 72 per cent higher than the 10-year average for the month of 245 sales.

Last month saw sales of 235 single family homes for an average price of $678,300.

Average price of any home sold in the CADREB area was $594,101 in September 2020, up 13 per cent over the average of $525,257 a year ago. The average townhouse sold for $484,668, and apartments $261,679.

The summer’s pandemic real estate boom in Chilliwack rolled right into the fall with sales up 44 per cent and prices up 13 per cent year over year, and sales numbers even higher than July and August.

• READ MORE: Skyrocketing August home sales in Chilliwack and surrounding area

• READ MORE: SFU housing expert explains Lower Mainland’s surprising real estate sales numbers

“Realtors are finding that many of their clients over recent months are from the more metropolitan Vancouver areas who are moving away from crowded areas and want a house with a yard, and easier access to outdoor activities such as hiking, kayaking and biking,” CADREB president Kim Parley said in a press release.

“Also, during the pandemic, more people have begun working from home and will likely continue to do so. Why not do it from a scenic, more affordable community?”

From the latest statistics, it’s evident that sales activity has increased in higher priced homes.

“We have maintained steady prices due to low inventory, which is very attractive to those whose housing dollars go further by moving to the Eastern Fraser Valley,” Parley said.

Of the 421 sales last month, the highest number sold (50) were in the $600,000-to-$649,999 range, followed by 42 sales in the $450,000-to-$499,999 price range. Sales were also strong in the $650,000-to-$699,999 and $700,000-to-$799,999 ranges, both posting 32 sales.

There were 26 sales over the $1 million dollar mark, including two over $2 million.


Do you have something to add to this story, or something else we should report on? Email:
editor@theprogress.com

@TheProgress
Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A case of COVID has been detected within School District 33. (School District 33 photo)
UPDATE: Case of COVID confirmed at a Chilliwack school

Fraser Health has not informed parents but district sent letter to parents Friday

Record-low returns of salmon have been recorded on the Fraser River in recent years. (Fisheries and Oceans Canada)
Time for Indigenous-led salmon strategy on the Lower Fraser, says Alliance

‘Closures of First Nations, commercial and recreational salmon fishing’ have huge impact: LFFA

The number of new COVID-19 cases has risen sharply in Vancouver and the Fraser North region over the last week.
Chart: Tyler Olsen
CHARTS: Weekly COVID-19 case counts continue to rise in Fraser Valley

The number of new COVID-19 cases has risen sharply in Vancouver and the Fraser North region.

The City of Chilliwack says there’s too much spitting going on at the Sardis Sports Complex. (City of Chilliwack photo)
Too much spitting a problem at Chilliwack’s Sardis Sports Complex

The City of Chilliwack is asking the minor hockey community to ease up on expectorating

The Excelsior 4 are set to make their second court appearance in Abbotsford on Monday (Nov. 2). (Ben Lypka/Abbotsford News)
‘Excelsior 4’ making second Abbotsford court appearance on Monday

Animal rights activists expected to plead not guilty to charges, protest for Vancouver scheduled

Physical distancing signs are a common sight in B.C. stores and businesses. THE CANADIAN PRESS
272 more COVID-19 cases for B.C., outbreak at oil sands project

Three new health care outbreaks, three declared over

A Mercedes SUV is covered at a gas station in the Clayton area following a deadly shooting there on Sept. 28, 2019. (File photo)
This house at 414 Royal Ave. became notorious for its residents’ and visitors’ penchant for attracting police. It was also the site of a gruesome torture in August 2018. It was demolished in 2019. KTW
6-year sentence for Kamloops man who helped carve ‘rat’ into flesh of fellow gang member

Ricky Dennis was one of three men involved in the August 2018 attack

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Among the pumpkin carvings created this year by Rick Chong of Abbotsford is this tribute to fallen officer Cont. Allan Young.
Abbotsford pumpkin carver’s creations include fallen police officer

Rick Chong carves and displays 30 pumpkins every year

An online fundraising campaign in support of the six-year-old boy, Edgar Colby, who was hit by a car on Range Road Oct. 25 has raised more than $62,000 in a day. (Submitted)
$62K raised in 1 day for boy in coma at BC Children’s after being hit by vehicle in Yukon

The boy’s aunt says the family is “very grateful” for the support they’ve received from the community

Health care employees take extensive precautions when working with people infected or suspected of having COVID-19. THE CANADIAN PRESS/Chris Young
WorkSafeBC disallows majority of COVID-19 job injury claims

Health care, social services employees filing the most claims

Vancouver Symphony Orchestra Maestro Otto Tausk. (Photo: vancouversymphony.ca)
50/50 lotto players buck up for Metro Vancouver musicians hit hard by COVID

‘Rapidly growing jackpot’ for VSO’s 50/50 draw as they go online with TheConcertHall.ca

Conservative leader Erin O’Toole rises during Question Period in the House of Commons in Ottawa on Wednesday October 28, 2020. (Adrian Wyld/The Canadian Press)
Conversion therapy ban gets approval in principle, exposes Conservative divisions

Erin O’Toole himself voted in favour of the bill, as did most Conservative MPs

Most Read