Two homes in Chilliwack sold for upwards of $2,000,000 in December. This property on Gibson Road remains on the market in January with an asking price of $2,620,000. (Century 21 Creekside Realty)

Two homes in Chilliwack sold for upwards of $2,000,000 in December. This property on Gibson Road remains on the market in January with an asking price of $2,620,000. (Century 21 Creekside Realty)

December home sales in Chilliwack reach 16-year high

With low supply and high demand, prices continued to increase across the Upper Fraser Valley

December 2020 was a record month for Chilliwack real estate.

According to the Chilliwack and District Real Estate Board (CADREB), 279 sales closed, 60 more than at the same point in 2019 and the highest total in 16 years.

The value of those sales exceeded $165.6 million.

Sales were down by month-to-month though with 375 residential properties sold in November.

Thirty five of December’s sales came in the $550,000-to-$600,000 range, followed by 17 in the $500,000-to-$549,000 range.

RELATED: Value of Chilliwack single-family homes jumps six per cent in 2021 assessments

RELATED: Historically low supply leads to higher prices in Chilliwack real estate market

There were 17 sales topping $1 million and two topping $2 million.

All of this comes at a time when housing inventory is still at an all-time low. Only 446 properties were listed at the end of December, compared to 700 at the same time last year. With low supply and high demand, prices continued to rise and realtors saw bidding wars.

CADREB stats showed the average price of a single family home in Chilliwack increasing from $579,000 in December 2019 to $647,300 in December 2020 while the average price of a townhome jumped from $409,600 to $466,100.

Similar gains in single family houses and townhomes were seen in Agassiz, Harrison and Hope.

Sales of vacant residential lots also jumped. Twenty sold in December compared to just five in December, 2019.

Do you have something to add to this story, or something else we should report on? Email:

Like us on Facebook and follow us on Twitter.

chilliwackReal estate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Katie Smith and Richard Coombs are teh couple behind Agassiz Delivered, a new delivery company that has taken off during the COVID-19 pandemic. (Agassiz Delivered/Facebook)
Local couple keeps Agassiz delivered

What started out as takeout delivery has turned into a pandemic business boom

A health-care worker prepares a dose of the Pfizer-BioNTech COVID-19 vaccine. THE CANADIAN PRESS/Nathan Denette
Agassiz long term care homes receive first COVID-19 shot

Fraser Health says all 151 care homes in the region will have had vaccination clinics by Jan. 15

Two people were in a vehicle that rolled over on Highway No. 1 near Lickman Road. They are now out of the vehicle. (Jenna Hauck/ Chilliwack Progress)
Vehicle rolls over on Highway 1 near Lickman Road in Chilliwack

Two people in SUV at time of collision in westbound lanes

Both eastbound lanes are completely west of exit 135 on Highway 1. (Google maps)
UPDATE: Traffic now getting through following car collision on Highway 1 in Chilliwack

Incident happened shortly just west of exit 135 for Agassiz/Harrison Hot Springs

The route of the pink parade. The Record has blackened out the name of the teen. Facebook photo.
Pink-vehicle parade to be held Sunday in support of transgender teen assaulted in Mission

Teen and family to watch parade drive single file along waterfront at 3 p.m., Jan. 17

Health Minister Adrian Dix and provincial health officer Dr. Bonnie Henry head for the press theatre at the B.C. legislature for an update on COVID-19, Jan. 7, 2021. (B.C. government)
B.C.’s COVID-19 spread steady with 509 new cases Friday

Hospitalized and critical care cases decline, nine deaths

Chief public health officer Dr. Theresa Tam provides an update on the COVID-19 pandemic in Ottawa on Friday, Jan. 8, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Canada’s top doctor says to avoid non-essential travel as B.C. explores legal options

Premier John Horgan says he is seeking legal advice on whether it can limit interprovincial travel

Harvest Meats is recalling a brand of Polish sausages, shown in a handout photo, due to undercooking that may make them unsafe to eat. The Canadian Food Inspection Agency says the recall affects customers in Alberta, British Columbia, Manitoba, Northwest Territories, Ontario and Saskatchewan. THE CANADIAN PRESS/HO-Canadian Food Inspection Agency Mandatory Credit
Harvest Meats recalls sausages over undercooking

Customers are advised to throw away or return the product

Seasonal influenza vaccine is administered starting each fall in B.C. and around the world. (Langley Advance Times)
After 30,000 tests, influenza nowhere to be found in B.C.

COVID-19 precautions have eliminated seasonal infection

The Delta Hospice Society operates the Harold & Veronica Savage Centre for Supportive Care (pictured) and the Irene Thomas Hospice in Ladner. (The Canadian Press photo)
Fraser Health to evict Delta Hospice Society, open new hospice beds next door

Health authority will serve DHS 30 days’ notice when service agreement expires Feb. 25

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Martin Luther King Jr. addresses the crowd during the march on Washington, D.C., in August of 1963. Courtesy photo
Government announces creation of B.C.’s first anti-racism act on Black Shirt Day

B.C. Ministers say education “a powerful tool” in the fight for equity and equality

Jobs Minister Ravi Kahlon shared a handwritten note his son received on Jan. 13, 2021. (Ravi Kahlon/Twitter)
Proud dad moment: B.C. minister’s son, 10, receives handwritten note for act of kindness

North Delta MLA took to Twitter to share a letter his son received from a new kid at school

Most Read