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

In this post, we’re going to take a close look at key numbers for the Abbotsford condominium market for February 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.

With inventory continuing to build, and prices softening across many of our areas and property types, buyers will be well positioned to make a move this spring.

Darin Germyn, President of the FVREB

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

  • 66 Sales
  • 86 New Listings
  • 222 Active listings
  • $303,100 Benchmark Price
  • $296,250 Median Price
  • $299,271 Average Price

The sales-to-active-listings ratio netted out a market absorption rate of 29.73%, indicating that it was a Seller's Market for condominiums in Abbotsford in February 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 February 2019:

  • There were 66 condominium sales in Abbotsford in February 2019 – a change of -2.94% over February 2018 and a change of 26.92% over January 2019
  • There were 86 new listings of condominiums in Abbotsford in February 2019 – a change of -13.13% over February 2018 and a change of -34.85% over January 2019
  • The benchmark price of a condominium in Abbotsford in February 2019 was $303,100 – a change of -4.05% over February 2018 and a change of -1.30% over January 2019

If you're really keen to understand what happened in the market for condominium in Abbotsford in February 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 February 2019 and see how it compares with the previous year and previous month.

Abbotsford Condominium Stats

MetricFeb 2019Feb 2018% ChangeJan 2019% Change
Sales6668-2.94%5226.92%
New Listings8699-13.13%132-34.85%
Active Listings22279181.01%251-11.55%
Benchmark Price$303,100$315,900-4.05%$307,100-1.30%
Median Price$296,250$304,950-2.85%$317,500-6.69%
Average Price$299,271$313,535-4.55%$322,567-7.22%

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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