Paul J. Henderson, Chilliwack Times
Real estate sales in the Chilliwack area saw “a significant improvement” in May, according to the Chilliwack and District Real Estate Board (CADREB).
Sales still lag, however, below the 10-year average.
There were 241 residential properties worth $72.7 million sold in May. That’s up from 198 sales worth $60.8 million in May 2011, according to CADREB statistics.
The uptick in real estate sales in May is still below 2010, when there were 248 sales worth $79.9 million and 2009′s 262 sales worth $77.9 million.
Chilliwack real estate sales for May included 147 single family homes (111 in 2011), 50 townhouses (46 in 2011), 24 apartments (24 in 2011) as well as 10 mobile homes and 10 houses with acreage. In house prices, the median sale price of a single family home in May 2012 was $328,500; a strata property was $230,000. The median list price of a single family home as of June 1 was $374,900, and a strata listing was $220,000.