This is HappyhomesBC bringing you the Real Estate Market Report for the first quarter of 2010.  The data that we are relying on is from the Chilliwack and district Real Estate board.  We take those stats and then put together a comprehensive Real Estate Market Report for you that is hopefully somewhat understandable and will help you comprehend the dynamics of our exciting Chilliwack Real Estate Market here in the Fraser Valley.

Well we have now entered into a new decade and with it we have seen a new enthusiasm in the Real Estate Market for our Chilliwack Real Estate area.  The amount of homes that were on the market at the beginning of the year was just over 1100 compared to over 1300 in January of 2009.  The good news was that sales increased by 72% compared to January 2009 with the most sales occurring in the $400,000 to $500,000 price range.

The next two months the hottest price point ranged from $275,000 to $500,000 dispersed quite equally. Over 50% of the total sales are occurring in that price range.  If you have a home that will fit into that price point we would love to discuss our marketing strategies with you.  Give us a call or email us to smile@happyhomesbc.ca

We have experienced 34 sales over $500,000 so far this year to March of 2010 and that doesn't sound like much but that is a major increase in positive activity for that segment of the Chilliwack Real Estate Market. 6 of those sales were over $700,000.

Another great difference that we are experiencing is that the homes that single family homes averaged just over 80 days coming into January which is somewhat expected as we go through the Christmas season but then consistently the next two months we averaged just over 50 days on the market to sell.

And add in the fact that we had an amazing event occur just an hour away from us - the Olympics ! - which diverted buyers attention a bit.  To keep sales occurring within the 2 month time frame is fantastic....then After the Olympics finished up, it was back to business and the market turned on again.

That should be every sellers expectation.....Sell within 2 months!!  If you have not sold in the last 2 months then you need to re-visit your listing price because we know the market is active.  We know sales are occurring at a good rate.  There is a good inventory on the market to give buyers a good choice but sales are occurring within 60 days.  The only thing left is price.  Take a good look at and call your REALTOR or if you are a REALTOR reading this, then you need to be calling your client.

The interest took a substantial jump over the last couple of weeks and we believe that there is another jump coming...It is important to get pre-approved to lock-in your rate.  Give us a call and we can get that taken care of for you as well.

Timing is everything and it is a great time to make a move or get into the market....Whatever your strategy is.....don't ponder on it too long.  It is time to take action and we are right here waiting for you.

We know that the prices have stabilized and are on the move upwards....we know that interest rates have hit their bottom and are on the rise.....When is a better time?  ?

We look forward to providing our next market report to you in June of this year.  In the meantime feel free to call us or email us to get more detailed market information.

604-793-9900 at the office or email to smile@happyhomesbc.ca

We look forward to hearing from you....