We’ve talked before about the recovery of Chilliwack’s real estate market but this latest piece by the Jennifer Feinberg of the Chilliwack Progress has made it clearer than ever: Chilliwack’s real estate market is rebounding!
According to James Siemen, President of the Chilliwack and District Real Estate Board (CADREB), Chilliwack is seeing the 11th consecutive year-over-year sales increase. In fact, last month has actually been the best December for Chilliwack home sales in the last 8 years!
178 total units were sold in December, up 47.1% from last year, rounding out a total of 2,499 home sales in 2014, which was an increase of 21.1%. Numbers like these haven’t been seen since before the 2008 global economic crisis.
What’s the cause?
Siemens points to families and retirees migrating to Chilliwack to settle down. The dropping gas prices have also had a positive effect in getting potential homeowners to look out to the valley. The commute from Chilliwack to Vancouver has suddenly gotten a lot more affordable.
For the full article from the Chilliwack Progress, click here.