Current:  Abbotsford is in a Buyer's Market with average listing inventories, 8 %SOLD rate and a 94% Sell/List Ratio.
                  (This means that on an average sale there is a $59,999 decrease from the original list price) Lesson

Most Active Range: Homes below $1.1mill have an 24.7 %SOLD rate.
Least Active Range: Homes between $1.275 mill. - $1.4 mill. and $1.8 mill - $2.5 mill. have a 0 %SOLD rate.

History: The Abbotsford Home Price Index HPIp (Top 50%) shows that prices decreased $467,000 year-to-date.
                The Abbotsford Home Price Index HPIp (Lower 50%) shows that prices decreased $287,332 year-to-date.
                      *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Abbotsford has average Listing supply; 236 homes are for sale & with the 8 %SOLD monthly rate gives us a ~12 months of inventory. 6% of the active listings have reduced their price by $61,232 on average and $55,500 on median in the last month. We project Abbotsford to continue in Buyer's Market.

Greater Vancouver December 2022:

The Vancouver Real Estate Market shows that 71% of the Detached Homes in December decreased their values by ($8,770) on average. That means 29% of the markets have actually gone up in December!  We are forecasting that the majority of the Hongcouver Markets will stabilize this February and we should see price increases in March.

Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with 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.

Fraser Valley December 2022

In December, 89% of Fraser Valley Real Estate Detached Market prices decreased by ($26,006) on average.  We are now forecasting that the majority of the Hongcouver Markets will stabilize in February 2023. This cash influx should trickle out and stabilize the Fraser Valley by March or April .

Currently, Both the Condo Markets and Townhouse Markets are also in a Buyer's Market, with the Average Price decrease of ($1,837) and ($8,461) respectively. We analyze and provide 97 individual City's Home Price Indexes to supply you with 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.