Current:  Abbotsford is in a Stable Market with average listing inventories, 11 %SOLD rate and a 97% Sell/List Ratio.
                  (This means that on an average sale there is a $34,450 decrease from the original list price) Lesson

Most Active Range: Homes below $1.1 mill have a 23.9 %SOLD rate.
Least Active Range: Homes between $1.55 mill - $1.8 mill. have a  4.3 %SOLD rate.

History: The Abbotsford Home Price Index HPIp (Top 50%) shows that prices increased $46,143.
                The Abbotsford Home Price Index HPIp (Lower 50%) shows that prices decreased $20,143 year-to-date.
                      *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Abbotsford has average Listing supply; 334 homes are for sale & with the 11 %SOLD monthly rate gives us a ~9 months of inventory. 6% of the active listings have reduced their price by $38,489 on average and $39,000 on median in the last month. We project Abbotsford to continue in Stable Market.

Greater Vancouver December 2024:

In December 2024, about half of detached homes in Greater Vancouver increased in value, but on average single-family homes dropped $7,510. As mortgage rates continue to fall, more buyers are expected to enter the market. However, political and economic challenges, like the Canadian election and US trade issues, remain obstacles to the market recovery in 2025. Metro Vancouver is still forecast to be a stable market.

Condo and townhouse prices also fell, by $11,005 and $6,523 on average. These markets are expected to be Stable in the coming months.

For regular updates, visit VancouverMarketReports.com every Saturday at noon. Get insights on which areas in the Lower Mainland are gaining or losing value. For detailed reports and advice about your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

Fraser Valley December 2024:

In December 2024, more than half of detached homes in Fraser Valley saw an increase in value, with single-family homes rising by an average of $736. As mortgage rates continue to fall, more buyers are expected to enter the market. However, political and economic challenges, like the Canadian election and US trade issues, remain obstacles to the market recovery in 2025. Metro Vancouver is still forecast to be a stable market.

The average price for condos rose by $2,127, while townhouses dropped by $1,630. We expect these markets to remain Stable in the coming months.

For regular updates, visit VancouverMarketReports.com every Saturday at noon. We provide insights on areas in the Lower Mainland that are gaining or losing value. For a full report and neighborhood details, contact Bill Coughlin and the Coughlin Team at 778-374-3744.