March 4, 2013
Real Estate News
Steady As She Goes
Home sales hold
their own, CADREB welcomes new board president
Released by Steve Lerigny, CADREB
is an expression that "slow and steady wins the race," and as far as
the Chilliwack and District Real Estate Board (CADREB) is concerned,
that adage suits them just fine.
February's home sales of 135
just surpassed the same month last year, but the total dollar value
was more than $2 million higher.
"Sales are expected to remain steady over the rest of the year,"
said the newly elected President of CADREB, Jesse Hildebrandt, of
Royal Lepage Realty. "While we would like to see some more
inventory, the homes are holding their value".
Jesse Hildebrandt is looking forward to his new role as President
over the coming months.
"I have lived in Chilliwack most of my life, and it has so much to
offer. The real estate business is always changing, and while we
aren't subject to the volatility of the market as metropolitan areas
are, we must always stay ahead of the curve and continually evolve".
Of the total number of sales last month, the highest number (20)
were in the $275,00 - $299,999 range, representing particular
strength in the townhome and adult-oriented rancher style market.
"Increasingly, people from the metropolitan areas are discovering
that their home-buying dollars are virtually worth twice as much by
locating in the Chilliwack area," said Mr. Hildebrandt. "It is an
excellent place to retire, and an equally excellent place to raise a
Sales were also strong in the $250,000 to $274,999 range, as well as
the $300,000 - $249,999 range. There were 13 sales over the
half-million dollar mark.
As of February 28, there were 1,479 active listings on the market.
Joining Jesse Hildebrandt on the Chilliwack and District Real Estate
Executive this year are:
• President-Elect: Jake Siemens
• Vice-President: Cameron Gemmell
• New Director: Tim Wight
• Past President: Cynthia Admiraal
• Catharine Deveau
• Neil Sulkers
• Bonnie Radke
• Chris Kloot
• Rick Toor
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