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This is HappyhomesBC with our monthly market report for sales activity in the Chilliwack and District area for the month of May 2009.

We are excited to spread the news that the market is moving!! Sold Stickers are everywhere!! People are selling their homes and people are buying homes. Wow. As a fast paced Real Estate Team we have prepared for this and we are revved up for June which has already proving to be even a better month than May. More on that next month.

For single family detached homes we saw them selling within less than 70 days on the market. Sales increased from May 2008 by 9% and the number of listings that were processed though the Chilliwack and District Real Estate Board were 37% less than last year. Inventory and demand is starting to even out which is good news for Sellers. Buyers there is still time to capitalize especially with the fantastic mortgage rates. However, the best time to buy is right now without a doubt. Priced have stabilized and interest rates took a small jump up over the last couple of weeks so if you are on the fence. Get off that fence and get in the game because your window of opportunity is beginning to close. This is exactly what you were waiting for. Time to stop waiting.

Our total inventory of listings dropped and the sales increased in the month of May from the month of April by 35%!!!

Another thing that I noticed was that Sales in the price points of $300,000 to $349,000 doubled from the month before and sales in the $400,000 to $500,000 more than tripled. There were also 3 sales over $900,000.

Things are heating up in the Chilliwack Real Estate market and we are loving it....

To learn more about how you can benefit in todays real estate market go to our website and contact us from there at www.happyhomesBC.ca.

Talk to you next month.

This is HappyHomesBC with a Real Estate Market Report for Market Activity in the Chilliwack and District Real Estate Market in the month of April. We have just received the data from the Chilliwack and District Real Estate board and we have taken the time to assimilate the information and give you a comprehensive report that will help you properly understand the Real Estate Market Activity in the Chilliwack area.

The amount of sales has increased incrementally from the month of March. The amount of the listings left is exactly the same for residential properties so as I said last month - the gap is closing. Interest rates have come down dramatically where qualified buyers can have the opportunity to get a 5 year locked in rate of 3.69% when they buy a home today. We expect market activity to increase as a result. Prices have stabilized and we are noticing that homes that are priced effectively are getting the attention. Pricing your home effectively is absolutely crucial at this moment of time. Buyers are out there and they are armed with a lot of information and they know when a home is priced well and when they find it they are pulling the trigger. Last year we had 1757 listings left in the month of April 2008 and this year we were left with 1475 listings a 16% drop. More activity and less listings to choose from is good for the market. The sales of townhomes almost doubled from the previous month once again re-enforcing the fact that there is a bottom push from the lower end with entry level buyers entering the marketplace. This is exciting because we will be experiencing the pressure of that push soon into the higher price points.

The average days to sell increased this month which tells us something. That maybe the cause for that would be that people who had their homes on the market over 75 days adjusted their prices and subsequently received offers. That is good news because people are now adjusting mentally to todays market conditions. We are reaching a point where business is active and buyers and seller s are coming to a meeting of the minds so to speak making it a great time to buy and sell a home. Prices are down over 15% from 18 months ago and interest rates are down over a full percentage point for fixed 5 year rates!! The Affordability factor is back in the game. Another testament to that fact is that the amount of sales over $400,000 dropped in half but sales between $350,000 to $400,000 increased by 58%!!

Give us a call anytime to learn more insights into the Chilliwack and District Real Estate Market. Check out our website for more information at www.happyhomesbc.ca to see video tours and our most recent market report. This is HappyhomesBC signing off with your Real Estate Market Report for sales activity for April 2009. All the best to you and yours.

I received a phone call again from the new Radio Station that is now operating in the Chilliwack region. 89.5 "The Hawk" - website: http://www.895thehawk.com/ and on Monday night an application was going through the approval process at the Chilliwack City Hall and one person mentioned that sales aren't happening so do we really need another 400 units to be built in that area. The interviewer, Jennifer Coles was looking for an answer to that statement so I was on the phone live being recorded. I thought that this is a good opportunity to maybe make people understand that they need to be part of the solution not part of the problem. Stop surrendering to the FEAR mongering that is going on!!! Think for yourselves people. The one thing that 'they' know for sure is that over 90% of the population of the world actually has the inability to reason and think for themselves when a major issue is presented to them. They will just believe what is presented to them and follow the status quo. We are being hypnotized. Smack. Wake up!!
I explained a lot of the information that is in our Chilliwack Market Report (see link below) and that is, sales are happening for properties that are priced right for today's market conditions. Prime rate just went down to a historic low....another .25% lower!!! Interest Rates locked in for 5 years are under 4% for qualified people. Prices are down 15% from 18 to 24 months ago!!! How good does it have to be? The biggest payment that people make is on their mortgage so that is a direct impact on household income. More money is made in Real Estate than anything else. Crawl out from your rocks and get buying and making a move. Get over your fears of loss and think about the future gains that you will enjoy. This is the exact time to make some Real Estate investments. Inventory is stablizing and sales are growing so we are closing the gap. The thing about Garrison Crossing on the Vedder side of the Chilliwack Municipality is that there is a major University of the Fraser Valley installing itself as we speak. There will be a major need for rentals as well as higher density units. They are literally building a village there that will provide all services for the surrounding neighborhood. The biggest amount of sales in condo's are in Garrison Crossing and also "The Flora" on Mary street which is situated on the other side of town rigth beside the Hospital. Why? High Quality - Low price. Simple.
I want to give you a link to click on to get to our "video market report" so that you can know where to go to get up-to-date market information on a quarterly basis from our website. We feel that it is extremely important that we keep the general public abreast of the statistics of our Real Estate sales activity in the Chilliwack Real Estate Market. I will let you know as they come available but for now here is the link: http://www.happyhomesbc.ca/chilliwack_statistics.html that is the place where you can get all of the stats for the recent sales activity on a monthly basis in the Chilliwack Real Estate Market. Our video report is more about taking the statistics and basically making sense of it.
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I'll start off with a quick joke that was sent to me from a REALTOR in our office at Sutton Group Showplace Realty in Chilliwack BC:
God is sitting in Heaven when a scientist says to Him, "Lord, we don't need you anymore. Science has finally figured out a way to create life out of nothing. In other words, we can now do what you did in the beginning." "Oh, is that so? Tell me.... replies God. "Well," says the scientist, "we can take dirt and form it into the likeness of you and breathe life into it, thus creating man." "Well, that's interesting. Show Me. " So the scientist bends down to the earth and starts to mold the soil. "Oh no, no, no..." interrupts God, (I love this) " Get your own dirt."
That is funny, isnt it, how we sometimes get so caught up in our own self importance that we forget about the basics of everything. The Good Friday service at my church really spoke to me this year for some reason. I am not sure why but maybe I was just "more ready" to hear the message this year. I really just felt the magnitude of what Jesus did in order to save us and cleanse us. We really do mess things up dont we? We over-complicate - we over-analyze - we over-agonize. We over do everything. Everybody is waiting for Obama to make things better. We are waiting for other outside influences to make things right. We have to start right in our own homes and in our own businesses and with the people that we come face to face with every day. How do we approach challenges? How do we overcome percieved losses? How do we deal with overbearing or obnoxious people? Do we become the same way in order to combat that? Do we let our ego take over? Go back and remember what Jesus did for us. He was scoffed at and sworn at and mocked. He was beaten. How many of us could withstand that punishment and then carry a heavy wooden cross all across town bleeding and exhausted? Then at the end.....he says to God....."forgive them.... for they do not know what they are doing".
Just a thought for you to perculate on....Happy Easter Everybody.
Happy Homer

The Real Estate Market in the Chilliwack and District Real Estate Board is starting to approach normal levels. We are increasing the amount of sales and the amount of listings is not increasing. We have seen quite a few multiple offer situations lately which means that Buyers confidence is growing and they are recognizing good deals. Sense of urgency is growing and we are getting a lot more calls for showings. Sales are still less than this time last year but we are witnessing the rise as we speak. The gap is closing. Residential sales increased by almost 40% from February 2009. New listings are down from a year ago so inventory is starting to stablize. the highest amount of sales are in the price ranges of $200,000 to $400,000. The average days that a house in on the market for the sales reported is between 45 and 60 days. Last month our averages for the sales reported was between 75 and 150 days. That is a marked improvement and I believe that is the most significant statistic. Check out our website to get more information on The Chilliwack Real Estate Market, Videos speaking on the Chilliwack area - see link http://www.happyhomesbc.ca/flash/vid3.html See video tours of listings - see link http://www.happyhomesbc.ca/videotours.php
Come and visit and we would love to talk to you about Chilliwack Real Estate