Monday, 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

 

here 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 family".

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

Directors
Catharine Deveau
Neil Sulkers
Bonnie Radke
Chris Kloot
Rick Toor
 

 

 

 

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