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?

May 1, 2020

Current: Abbotsford is in Buyer Market with average listing inventories, 10 %SOLD rate and a 98% Sell/List Ratio.
(This means that on an average sale there is a $14,900 surplus from the original list price) Lesson

Most Active Range: Homes between $675,000 - $750,000 have a 20.8 %SOLD rate.
Least Active Range: Homes above $1.3 mill. have a 2.0 %SOLD rate.

History: The Abbotsford Home Price Index HPIp (Top 50%) shows that prices increased $26,576 year-to-date.
The Abbotsford Home Price Index HPIp (Lower 50%) shows that prices decreased $4,425 year-to-date.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Abbotsford has average Listing supply; 343 homes are for sale & with the 10 %SOLD monthly rate gives us a a ~10 months of inventory. 7% of the active listings have reduced their price by $42,320 on average or $20,000 median in the last month. We project Abbotsford to continue in Buyer Market.

April's Real Estate Statistics shows that 76% of Single-Family Homes in Metro Vancouver have been in a Seller's Market. The Average Monthly Price increase was $2,100 which is a small decline from last month's $4,090 gain. On the other hand, Fraser Valley’s Detached Markets increased values this month. Single Family Homes had a $2,239 monthly price increase. Yes, both sales and inventory have dropped in the last month and the sell-through rates are falling enough to become a Buyer's Market. With that being said, we are not going to forecast the Markets this coming month, due to the Stock Market volatility and the Pandemic on hand.

Currently, Condos are in a Seller Market with 77% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. On average, the Condo Market went up $1,476. At the same time, the Townhouse Market increased $1,366 on average. That is 79% increased (22 out of 28 Markets). 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.

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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Single Family Detached High End .. more than $750,000+

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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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