Promontory, Chilliwack Townhouse Market Report – July 2022

In July 2022, the Promontory, Chilliwack townhouse real estate market is classified as a Buyer's Market with an absorption rate of 4.8%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

4 townhouse properties sold in Promontory, Chilliwack during July 2022 based on MLS® records. There were 83 active listings at the start of the month. A total of 13 new listings came to market during the month.

The average townhouse sold price in Promontory, Chilliwack in July 2022 was $639,375. Sold prices ranged from $620,000 to $660,000. Data is sourced from MLS® board records.

In July 2022, townhouse properties in Promontory, Chilliwack averaged 19 days on the market before selling. With an absorption rate of 4.8%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Promontory, Chilliwack in July 2022 was $639,375, down 1.3% year-over-year compared to July 2021 ($647,511). Sales volume was down 55.6% compared to the same month last year. Data is sourced from MLS® sold records.