Another month, another set of record breaking numbers in the Chilliwack real estate market.
The Chilliwack and District Real Estate Board (CADREB) released its monthly report Tuesday (Nov. 2), highlighting a surge in the sale of million dollar homes.
Of the 383 residential properties sold in October, 35 went for between $1,000,000 and $1,099,999.
CADREB breaks sales into 30 price ranges — from under $99,999 all the way to over $2-million, and it’s the first time ever that price range has been in top spot.
Ninety-eight homes sold for $1-million or more last month, 14 for more than $1.5-million and four for more than $2-million.
The average price of all residential properties sold in Chilliwack in October cracked $800,000, settling in at $800,393 after hitting $758,355 in September.
At this point 12 months ago, the average for all residential properties was $616,856.
CADREB president Andrew Verschuur said that as long as supply remains…