Current:  Abbotsford is in a Seller's Market with average listing inventories, 16 %SOLD rate and a 98% Sell/List Ratio.
                  (This means that on an average sale there is a $19,950 decrease from the original list price) Lesson

Most Active Range: Homes below $1.1 mill have a 31.5 %SOLD rate.
Least Active Range: Homes above $2.5 mill. have a 4.2 %SOLD rate.

History: The Abbotsford Home Price Index HPIp (Top 50%) shows that prices increased $163.307
                The Abbotsford Home Price Index HPIp (Lower 50%) shows that prices increased $122,485 year-to-date.
                      *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Abbotsford has average Listing supply; 383 homes are for sale & with the 16 %SOLD monthly rate gives us a ~8 months of inventory. 9% of the active listings have reduced their price by $49,659 on average and $50,000 on median in the last month. We project Abbotsford to continue in Seller's Market.

Greater Vancouver February 2024:

The average monthly cost for single-family detached homes has risen by $18,256, marking a slight decrease from February's average price of $20,376. Despite the difficulties caused by higher borrowing costs, rising prices, and the limited availability of listings, we predict that the real estate market will favor sellers for the next six weeks.

In Vancouver's condo market, 67% of condos have experienced an average price decrease of $8,951. Conversely, the average price of townhouses has climbed to $10,973, we are forcasting a continued Sellers Market.

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 February 2024:

The average monthly cost for single-family detached homes has risen by $13,015, marking a slight decrease from February's average price of $19,686. Despite the difficulties caused by higher borrowing costs, rising prices, and the limited availability of listings, we predict that the real estate market will favor sellers for the next six weeks.

In Fraser Valley's condo market, 75% of condos have experienced an average price decrease of $3,434. Conversely, the townhouse market's average price has climbed to $9,716, we are forcasting a continued Sellers Market.

For the latest and most accurate market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the performance of 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, feel free to reach out to Bill Coughlin and the Coughlin Team at 778-374-3744.