The Abbotsford Housing Market Trends

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Abbotsford Real Estate Market Reports & Forecasts
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Abbotsford Market Monthly Update (Detached)

Abbotsford East, Abbotsford West, Central Abbotsford, Aberdeen, Poplar and all the sub-areas of Abbotsford Real Estate Market Update Report.

What are Abbotsford's Best and Worst Investments?

July 1, 2020

Current: Abbotsford is in Seller Market with average listing inventories, 21 %SOLD rate and a 98% Sell/List Ratio.
(This means that on an average sale there is a $14,800 surplus from the original list price) Lesson

Most Active Range: Homes between $600,000 - $700,000 have a 35.8 %SOLD rate.
Least Active Range: Homes above $1.5 mill. have a 10.3 %SOLD rate.

History: The Abbotsford Home Price Index HPIp (Top 50%) shows that prices increased $20,621 year-to-date.
The Abbotsford Home Price Index HPIp (Lower 50%) shows that prices increased $6,762 year-to-date.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Abbotsford has average Listing supply; 417 homes are for sale & with the 21 %SOLD monthly rate gives us a a ~5 months of inventory. 15% of the active listings have reduced their price by $31,754 on average or $20,000 median in the last month. We project Abbotsford to continue in Seller Market.

June's Real Estate Statistics still shows that 86% of Single-Family Homes in Metro Vancouver are in a Seller's Market. The Average Monthly Prices increased $4,262 which is almost the same price increase we saw last March. On the other hand, Fraser Valley Single Family Homes had a $2,625 monthly price increase. We saw a 50% increase in sales last month and a significant increase in new listings. Thus, we are forecasting that the Markets will start to stabilize this coming month.

Currently, Condos are in a Seller Market with 57% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. On average, the Condo Market went up $323. At the same time, the Townhouse Markets increased $1,529. That is 75% increased (21 out of 28 Markets). We analyze and provide 97 individual City's Home Price Indexes to supply you the MOST ACCURATE Market Trends every Saturday. 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.

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

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Bill Coughlin sponsors these Abbotsford Real Estate Market Updates which include sub-areas such as Central Abbotsford, Abbotsford East, Abbotsford West, Poplar, Aberdeen etc. Contact Bill as the Local Expert..... more details.

Download the full Abbotsford.Marketupdatereport.PDF

This Abbotsford Real Estate Market update includes the sub areas Central Abbotsford, Abbotsford East, Abbotsford West, Poplar, Aberdeen etc.

Click Image to compare previous STR/ MTI graphs Trying to do the math? Lessons: STR MTI

Ladner, South Delta, Real Estate Market Update Report

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Abbotsford Real Estate Market Analysis Reports

This is the most accurate %SOLD-Monthly Sell Through Rates (STR Graph) using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

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