Abbotsford Detached Home Update for February 2023
Following are some of the highlights for detached homes in Abbotsford in February 2023:
- There were 41 detached home sales in Abbotsford in February 2023 – a change of -64.66% over February 2022 and a change of 105.00% over January 2023
- There were 94 new listings of detached homes in Abbotsford in February 2023 – a change of -67.47% over February 2022 and a change of 8.05% over January 2023
- The average price of a detached home in Abbotsford in February 2023 was $1,031,046 – a change of -32.18% over February 2022 and a change of -2.64% over January 2023
The sales-to-active listings ratio netted out a market absorption rate of 19.16%, indicating a Balanced Market for detached homes in Abbotsford in February 2023 (click on the link learn more about local housing market ratios on the BC Real Estate Association Blog.
Full details here: Abbotsford Detached Home Market Update February 2023.
Abbotsford Townhouse Update for February 2023
Following are some of the highlights for townhouses in Abbotsford in February 2023:
- There were 30 townhouse sales in Abbotsford in February 2023 – a change of -46.43% over February 2022 and a change of -14.29% over January 2023
- There were 55 new listings of townhouses in Abbotsford in February 2023 – a change of -48.60% over February 2022 and a change of -1.79% over January 2023
- The average price of a townhouse in Abbotsford in February 2023 was $555,813 – a change of -34.56% over February 2022 and a change of -6.37% over January 2023
The sales-to-active listings ratio netted out a market absorption rate of 28.57%, indicating a Seller's Market for townhouses in Abbotsford in February 2023 (click on the link learn more about local housing market ratios on the BC Real Estate Association Blog.
Full details here: Abbotsford Townhouse Market Update February 2023.
Abbotsford Condominium Update for February 2023
Following are some of the highlights for condominiums in Abbotsford in February 2023:
- There were 50 condominium sales in Abbotsford in February 2023 – a change of -38.27% over February 2022 and a change of 19.05% over January 2023
- There were 96 new listings of condominiums in Abbotsford in February 2023 – a change of -37.66% over February 2022 and a change of 9.09% over January 2023
- The average price of a condominium in Abbotsford in February 2023 was $392,765 – a change of -19.72% over February 2022 and a change of 7.15% over January 2023
The sales-to-active listings ratio netted out a market absorption rate of 29.07%, indicating a Seller's Market for condominiums in Abbotsford in February 2023 (click on the link learn more about local housing market ratios on the BC Real Estate Association Blog.
Full details here: Abbotsford Condominium Market Update February 2023.
*Disclaimer*
All of the data for the monthly real estate market updates are taken directly from the statistics packages that the Fraser Valley Real Estate Board publishes every month.
Although rare, errors and omissions may happen from time to time. If you want to be absolutely certain the you have the most accurate data, we encourage you to click on the link to the FVREB’s current statistics package.