Across the country as a whole, Chilliwack is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that Chilliwack has a median home price of $447,850.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
When we look at the data we have, it can help with trying to establish whether or not Chilliwack is a good investment target.
In Chilliwack, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
Canada’s national median home listing price this month is $244,900, which means that Chilliwack is in the bottom 40% for Canada.
With Chilliwack’s median house price at $167,000 in Aug , it is below average compared to the rest of British Columbia.
Investors looking for properties in Chilliwack are most likely to find 2 bedroom homes on offer this month, with 1 bedroom potential investment properties the second most popular.
There are 124 neighbourhoods that have more properties on sale than Chilliwack at the moment in British Columbia which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Chilliwack for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.