Current: Abbotsford is in Stable Market with average listing inventories, 14 %SOLD rate and a 98% Sell/List Ratio.
(This means that on an average sale there is a $6,700 surplus from the original list price) Lesson
Most Active Range: Homes between $550,000 - $675,000 have a 28.6 %SOLD rate.
Least Active Range: Homes above $900,000 have a 3.3 %SOLD rate.
History: The Abbotsford Home Price Index HPIp (Top 50%) shows that prices decreased $38,275 year-to-date.
The Abbotsford Home Price Index HPIp (Lower 50%) shows that prices decreased $42,709 year-to-date.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Abbotsford has average Listing supply; 398 homes are for sale & with the 14 %SOLD monthly rate gives us a ~7 months of inventory. 13% of the active listings have reduced their price by $39,454 on average or $25,100 median in the last month. We project Abbotsford to continue in a Stable Market.
April's Real Estate Statistics shows some of our Markets are NORMALIZING with 52% of Vancouver's Detached Markets increasing values this month. Generally, Single Family Homes in Metro Vancouver experienced an Average Monthly Price decrease of $8,007 which is a decline from last month's $5,048 price drop. On Average, the Fraser Valley's Market continues to show monthly price increase of $1,019. The following month's forecasts are: a Buyer's Detached Market across most of Vancouver and a Stable Market over most of the Fraser Valley.
Currently, the Condo Market presents a Warm Market with 56% of the Greater Vancouver (Lower Mainland) are increasing prices. On the other hand, 63% of the Townhouse Markets are decreasing. (13 out of 28 Markets). We are forecasting a stable Market in most Condo and Townhouse Markets for the coming month. We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every 2 weeks. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.