article

Chilliwack housing - April 2016

[WHAT]

  1.  ] by Don Sagrott, founder@sospep.com - the Chilliwack real estate market sets another all time record for this month. A review of the Chilliwack real estate board - april sales - figures. 

[WHY]

  1. ] results - 
  2. ] changes -
  3. ] trends - 

[WHERE]

  1. ] READ THE FULL ARTICLE
    1. ] http://www.chilliwacktimes.com/news/378713651.html

[WHEN]

  1. ] 2016-05-11

[EXAMPLE]

[DEMAND-SALES]

  1. x] record # of unit sales - 530
  2. x] increase of 89 % from April 2015
  3. ] decrease of xx% from previous month
  4. ] 41.7% > average 10 year sales for the month
  5. ] The sales-to-active listings ratio for April 2016 is 63.3 per cent. This is indicative of a seller’s market.

[SUPPLY]

  1. x] 594 new listings up by x.x% over April 2015, 2.4% decline over previous month
  2. x] 992 total listing, a x.x per cent decline compared to April 2015 (1,504) and a x.x per cent increase compared to March 2016 (###).

[PRICES]

  1. x] The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $844,800. This represents a 25.3 per cent increase compared to April 2015.
  2. x] Detached properties reached 306, an increase of x.x per cent from the 156 detached sales recorded in April 2015. The benchmark average price for detached properties increased x.x per cent from April 2015 to $461,459.
  3. x] Apartment properties reached 54, an increase of x.x per cent compared to the 30 sales in April 2015.The benchmark average price of an apartment property increased x.x per cent from April 2015 to $176,200.
  4. x] Attached property reached 118, an increase of x.x per cent compared to the 59 sales in April 2015. The benchmark average price of an attached unit increased 22.1 per cent from April 2015 to $310,636.
  5. ] average price of a detached home IN now at 1.78M 

[PRICES-HISTORY]

  1. ] average selling price of a "detached" home ROSE for 3 consecutive months, up (+87K - x%) from 2016-01 low of 374,370
    1. -2015-            $-SFD      // ATT             // APT 
    2. x] 2015-01 -  335,665   //   249,175    // 112,333 
    3. x] 2015-02 -  372,671   //   257,737    // 166,153
    4. x] 2015-03 -  356,150   //   257,974    // 154,773
    5. x] 2015-04 -  361,435   //   262,129    // 160,805  S/L = 19.18 
    6. ***
    7. x] 2015-12 -  413,325    //  303,908    // 132,286
    8. -2016-           $-SFD       // ATT              // APT 
    9. x] 2016-01 -  374,370  //   260,615      // 132,650
    10. x] 2016-02 -  429,178  //   291,944      // 158,862 
    11. x] 2016-03 -  445,920  //   291,883      // 171,921
    12. x] 2016-04 -  461,459  //   310,636      // 176,200  S/L = 53.89 
  2. ] median price
    1. SFD - cwk 392 (+27.2), sardis 485 (+28.3), hope 260 (-1.2) 
[NOTE]
  1. ] greater vancouver sales of 5000+ units with population of 2.5M, greater toronto sales of 6000+ with population of 6M
  2. ] Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period of time.
  3. ] RED = highest or peak price in given period
  4. ] GREEN = lowest or floor price in given period

[HOW-TO]

  1. ]

[REFERENCE]

  1. ] http://www.cadreb.com/docs/statistics-2016/04-2016-statistics-pdf---adobe-acrobat-standard.pdf?sfvrsn=2 (PDF)
  2. ] 
  3. ] CREATE-article# 5109 (this)

[RELATED]

  1. ] # 4945 - vancouver-housing-overview
  2. ] # 5040 - vancouver-housing-LIST-articles
> "While we’re seeing more homes listed for sale in recent months, supply is still chasing this unprecedented surge of demand in our marketplace," Morrison said.
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ID: 5109

NAME: chilliwack-housing-sales-2016-04

DESCRIPTION: ] by Don Sagrott, founder@sospep.com - the Chilliwack real estate market sets an all time record for # of sales in April 2016 with 500+ units sold

AUTHOR: article.author/s

EDITOR: article.editor/s

PUBLISHER: article.publisher/s

STATUS: Write

PRIORITY: -5

OWNER ID: 75

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