The sale of single-family homes in Chilliwack has been surging of late while apartment and townhouse sales remain stagnant.
There were 194 residential home sales worth $58 million in September in the Chilliwack and District Real Estate Board (CADREB) region.
That's a 28 per cent increase over the 153 sales for the same month last year.
And of last month's sales, 119 were single family homes, itself a 63 per cent increase over single family home sales in September 2012.
Sales of townhouses over that period actually went down and apartments stayed about the same.
"Continued low interest rates are making it possible for more homeowners to make the transition from a condo or a townhome to a single family home," CADREB president Jesse Hildebrandt said in a press release. "This incites more listings and creates a healthy supply and demand market, which equates to the buyers getting more for their money."
The highest number of sales was in the $400,000 to $500,000 range (27) followed by 25 sales in the $350,000 to $400,000 range.
The strong sales of single family homes in September follows on another strong month in August, which saw 109 sold, a 60 per cent increase over August 2012. Total residential sales for August were at 184, worth $54 million, up from 124 and $36 million for the same month last year.
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