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The Fraser Valley Real Estate Board recently published the statistics for the Abbotsford real estate market, among others, for August 2019.

In this post, we’re going to take a close look at key numbers for the Abbotsford condominium market for August 2019 – including sales, new listings, active listings, as well as benchmark, median and average prices for condominiums for sale in Abbotsford.

We're also going to see what kind of shape the condominium market in Abbotsford was in for the month – whether it was a buyer's market, a balanced market, or a seller's market.

Compared to last year, this August has been quite robust. All property types are selling and we're seeing a resurgence in the single-family detached market. Across North Delta, Surrey and Langley, sales are up over 25 per cent.

Darin Germyn, President of the FVREB

And we're going to look at how the numbers for August 2019 compare with the numbers for August 2018 and for July 2019.

Key Highlights of the Abbotsford Real Estate Market for Condominiums

Here's a high-level snapshot of what went on with the market for condominiums in Abbotsford for August 2019.

  • 76 Sales
  • 101 New Listings
  • 250 Active listings
  • $311,300 Benchmark Price
  • $307,150 Median Price
  • $300,422 Average Price

The sales-to-active-listings ratio netted out a market absorption rate of 30.40%, indicating that it was a Seller's Market for condominiums in Abbotsford in August 2019 (click on the link learn more about local housing market ratios on the BC Real Estate Association blog).

Please note:If you want the most accurate information on how the market's doing, you need to speak with a real estate agent.

Abbotsford Condominium Market Changes

Following are some of the highlights for condominiums for sale in Abbotsford in August 2019:

  • There were 76 condominium sales in Abbotsford in August 2019 – a change of 49.02% over August 2018 and a change of -2.56% over July 2019
  • There were 101 new listings of condominiums in Abbotsford in August 2019 – a change of -17.89% over August 2018 and a change of -4.72% over July 2019
  • The benchmark price of a condominium in Abbotsford in August 2019 was $311,300 – a change of -7.68% over August 2018 and a change of -1.11% over July 2019

If you're really keen to understand what happened in the market for condominium in Abbotsford in August 2019, make sure you check out the next section.

Detailed Overview of the Market for Condominiums in Abbotsford

Check out the table below for more detailed information on what happened in the Abbotsford condominium market in August 2019 and see how it compares with the previous year and previous month.

Abbotsford Condominium Stats

MetricAug 2019Aug 2018% ChangeJul 2019% Change
Sales765149.02%78-2.56%
New Listings101123-17.89%106-4.72%
Active Listings2502500.00%275-9.09%
Benchmark Price$311,300$337,200-7.68%$314,800-1.11%
Median Price$307,150$306,0000.38%$285,4507.60%
Average Price$300,422$308,295-2.55%$304,517-1.34%

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 latest statistics for the Abbotsford real estate market.

Or, better still, speak directly with an Abbotsford real estate agent who will be able to provide you with the most accurate, up to the minute information on – and insights into – the Abbotsford real estate market.

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