The Abbotsford Housing Market Trends

 


  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?


Archive Peak to date



May 1, 2024

gas gauge

Current:  Abbotsford is in a Stable Market with average listing inventories, 12 %SOLD rate and a 98% Sell/List Ratio.
                  (This means that on an average sale there is a $25,000 decrease from the original list price) Lesson

Most Active Range: Homes below $1.1 mill have a 22.9 %SOLD rate.
Least Active Range: Homes between $1.8 mill. -$2.5 mill have a 4.5 %SOLD rate.

History: The Abbotsford Home Price Index HPIp (Top 50%) shows that prices increased $137,834
                The Abbotsford Home Price Index HPIp (Lower 50%) shows that prices increased $37,787 year-to-date.
                      *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Abbotsford has average Listing supply; 463 homes are for sale & with the 12 %SOLD monthly rate gives us a ~8 months of inventory. 13% of the active listings have reduced their price by $96,383 on average and $50,100 on median in the last month. We project Abbotsford to continue in Stable Market.

Greater Vancouver April 2024:

Single-family detached home costs have increased on average by $11,953, slightly less than the $18,256 average rise observed in March. Although fixed mortgage rates have dropped significantly, it seems that buyer confidence is dependent on the Bank's policy rate falling as well, which could entice some buyers to enter the market. We forecast that the seller-friendly real estate market will switch to a buyers within the month.

In Vancouver, the average cost of 78% of condominiums has declined by $536. However, townhouses are selling for an average of $2,505 presently as opposed to $10,973. We forecast the sellers' market to end within the next month.

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley April 2024:

Single-family detached home costs have increased on average by $4,367, slightly less than the $13,015 average rise observed in March. Although fixed mortgage rates have dropped significantly, it seems that buyer confidence is dependent on the Bank's policy rate falling as well, which could entice some buyers to enter the market. We forecast that the seller-friendly real estate market will switch to a buyers within the month.

In Fraser Valley, the average cost of 75% of condominiums has gone up by $3,141. However, townhouses are selling for an average of $7,202 presently as opposed to $9,716. We forecast the sellers' market to end within the next month.

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

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   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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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.

Abbotsford Real Estate updates include the sub areas Abbotsford West, Poplar, Central Abbotsford, Abbotsford East, Aberdeen etc.

Abbotsford Real Estate updates include the sub areas Abbotsford West, Poplar, Central Abbotsford, Abbotsford East, Aberdeen etc.

Abbotsford Real Estate updates include the sub areas Abbotsford West, Poplar, Central Abbotsford, Abbotsford East, Aberdeen etc.

Abbotsford Real Estate updates include the sub areas Abbotsford West, Poplar, Central Abbotsford, Abbotsford East, Aberdeen etc.

Download the full Abbotsford.Marketupdatereport.PDF

Abbotsford East, Aberdeen, Abbotsford West, Poplar, Central Abbotsford and all the sub areas of Abbotsford detailed stats

Abbotsford East, Aberdeen, Abbotsford West, Poplar, Central Abbotsford and all the sub areas of Abbotsford detailed stats

Abbotsford East, Aberdeen, Abbotsford West, Poplar, Central Abbotsford and all the sub areas of Abbotsford detailed stats

Abbotsford East, Aberdeen, Abbotsford West, Poplar, Central Abbotsford and all the sub areas of Abbotsford detailed stats

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


 

 

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.

Abbotsford  Real Estate Market STR Reports

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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Bill Coughlin
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For Real Estate in Abbotsford, Mission, Langley, Surrey and Chilliwack

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