Vancouver Real Estate Market Update Reports / Abbotsford Real Estate Market Update Forecast Report / Archive:Jan - Mar 2011:Market Update: Abbotsford

      The Lower Mainland Real Estate Market Reports

Index  Abbotsford,  Mission  ChilliwackLangley,  Surrey White Rock,    East vrs West  
  East Van,  North VanBurnaby
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  Abbotsford   Jan- March 2011     Current Reports 

Click Image to compare previous STR/ MTI graphs

Index  Abbotsford,  Mission  ChilliwackLangley,  Surrey White Rock,    East vrs West  
  East Van,  North VanBurnaby
 Coquitlam,  Maple Ridge

Abbotsford                     Real Estate Market Analysis Reports

April 7th 2011

We watched with envy as Richmond, White Rock, then Burnaby and now Coquitlam all experience a hot market . Meanwhile any city east of the Port Man bridge is barely hanging in there. Abbotsford has the worst sell through in the Valley at 12% last month.

I will determine the current values changes by April 11. Meanwhile check the sell through rates below.

Feb  5 2011wc

%%FIRSTNAME, I just love analyzing the market conditions to help protect people's home investment and to help them make informed decisions.   For example in East vs West Abbotsford you will see perhaps how these areas are affected quite differently. From July of 2009 to January 1, 2010, Townline Road in the West Abbotsford area has gone up $45,000 and yet Mountain Village in East Abbotsford has gone down $7,000. 

Right now Mountain Village is incredible value, with prices at $85,000 cheaper that East Abbotsford for the same 2,300 sq ft  house, or $115,000 cheaper for a 3,100 sq ft house.  In fact Mountain Village is the same or less expensive than Mission right now but that is another story. Click for more details

So,  if you need some help planning ahead, buying or selling real estate, just call me and let's have coffee.














Now North Missions home prices are actually HIGHER than Abbotsford Mountain Village prices on a per square foot cost for the same size and age of home!!

Now Chilliwack showed quite a difference from between the Promontory Park and Sardis Garrison Crossing areas.


Re/Max Little Oak Realty
Offices: Abbotsford, Mission, Surrey, BC \

Dow Jones Stock Values 2007 - 2010

I see a close relationship between the Dow Jones stock market health and the market adjustments in the Mountain Village area. It is safe to say that the majority of these owners have large stock portfolios

People really want to know if the market is going up or down in the next quarter, and why not; a mistake could cost them 1,000's of their after tax equity!

Basically the average home prices reported by our Real Estate Board have very little to do with actual home price changes.

In fact,  when the average prices go up, it really could simply mean that during the month a few BIG million dollar homes may have been sold.  When the average home price goes down it could mean that that month a lot of first time buyers bought the cheapest homes in town. In other words, these averages have absolutely NOTHING to do with "did your house value go up or down?".

Let me show you my extensive analyzing of the LOCAL neighborhood market areas and market projections.

Looking at the graph above you will probably say Bill,  this is a very LOW value in Mountain Village in the spring of 2008 and it must be wrong . Well , there were 11 sales in Mountain Village BELOW $120 per sq ft, in fact a few even below $100 per sq ft.  Compare this to Townline and Parkside in North Abbotsford which hit $196-198 per sq ft. last year.

Remember that this report is based on the average price per sq ft with the sq footage being a 2300 sq ft home in East Abbotsford. The Mountain Village homes are closer to 3,100 sq ft. For the full picture it is still more than the the cost per sq ft, the supply and demand (absorption rate) and the pending economic and political events that will affect consumer confidence that I analyze.

Bill Coughlin

"Realtor and Lifestyle Consultant"

604-217-3992 cell
1-888-539-4664 Toll free

[email protected]  

Re/Max Little Oak Realty
Abbotsford, Mission BC




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