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?



July 1, 2021

gas gauge

Current:  Abbotsford is in Seller Market with average listing inventories, 28 %SOLD rate and a 100% Sell/List Ratio.
                  (This means that on an average sale there is a $1,000 surplus from the original list price) Lesson

Most Active Range: Homes between $875,000 - $950,000 have an 54.7 %SOLD rate.
Least Active Range: Homes between $740,000 - $800,000 have a 0.0 %SOLD rate.

History: The Abbotsford Home Price Index HPIp (Top 50%) shows that prices increased $473,000 year-to-date.
                The Abbotsford Home Price Index HPIp (Lower 50%) shows that prices increased $275,563 year-to-date.
                      *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Abbotsford has average Listing supply; 295 homes are for sale & with the 28 %SOLD monthly rate gives us a a ~4 months of inventory. 18% of the active listings have reduced their price by $96,042 on average or $75,000 median in the last month. We project Abbotsford to continue in Seller Market.

June's Real Estate Statistics show that the Buyer's market has started. We have 57% of the Single-Family Homes in Metro Vancouver decrease. Average Monthly Price was down $199! This is a marked reversal from last month's $8,840 price increase, and is the 1st drop since winter of 2020. Meanwhile, 61% of the Fraser Valley Detached Markets went down with an Average Price decrease of $14,168 and is the first drop since fall of 2019. Due to tougher mortgage qualification rules, buyer exhaustion, we are forecasting that the majority of the Metro Vancouver Markets will continue to be a Buyer's Market in the coming months.

Currently, Condos have moved to a Buyer's Market with 57% of the Greater Vancouver (Lower Mainland) Condo Prices decreasing. The average monthly price decrease was $403. On the other hand, 71% Townhouse Markets (27 out of 28) prices increased $4,881 on average. 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.


   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.

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
EXP Realty

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

call me
1-778-374-3744

Coughlinb@gmail.com

25369 Dewdney Trunk 5341 256 1783 Fairview 26220 126 Ave 33320 Tree Top Terrace Stave Lake 43100 Frost Rd 45926 Reece Ave 9518 Robson St 43250 Old Orchard 28779 Dewdney Trunk Rd 8415 Cessna Dr   21417 16 Ave    30513 Silverdale Ave 1621-1623 Parkwood 7420 112 St 22838 137 Ave  304 33599 2nd Ave  3374 273B St 1621 King George 31717 Old Yale 45949 Henley Ave 28258 Myrtle Ave 10130 Wedgewood Dr 32858 Ashley 10554 Ponderay St 2404 108 W Cordova 2501 Grosvenor Pl 63615 Elder Rd

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