The Fraser Valley Real Estate Board recently published the statistics for the Abbotsford real estate market, among others, for September 2018.

In this post, we’re going to take a close look at key numbers for the Abbotsford detached home market for September 2018 – including sales, new listings, active listings, as well as benchmark, median and average prices for Abbotsford detached homes.

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

Buyers remain reluctant as the market continues to adjust. We’re seeing good things happening in terms of inventory, but it only opens the door so much while prices are moving at a much slower rate.

John Barbisan, President of the FVREB

And we're going to look at how the numbers for September 2018 compare with the numbers for September 2017 and for August 2018.

Key Highlights of the Abbotsford Real Estate Market for Detached Homes

Here's a high-level snapshot of what went on with the market for detached homes in Abbotsford for September 2018.

  • 61 Sales
  • 192 New Listings
  • 443 Active listings
  • $810,800 Benchmark Price
  • $730,000 Median Price
  • $804,894 Average Price

The sales-to-active-listings ratio netted out a market absorption rate of 13.77%, indicating that it was a Balanced Market for detached homes in Abbotsford in September 2018 (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 Detached Home Market Changes

Following are some of the highlights for detached homes in Abbotsford in September 2018:

  • There were 61 detached home sales in Abbotsford in September 2018 – a change of -31.46% over September 2017 and a change of -19.74% over August 2018
  • There were 192 new listings of detached homes in Abbotsford in September 2018 – a change of 6.67% over September 2017 and a change of 35.21% over August 2018
  • The benchmark price of a detached home in Abbotsford in September 2018 was $810,800 – a change of 3.23% over September 2017 and a change of -2.24% over August 2018

If you're really keen to understand what happened in the market for detached home in Abbotsford in September 2018, make sure you check out the next section.

Detailed Overview of the Market for Detached Homes in Abbotsford

Check out the table below for more detailed information on what happened in the Abbotsford detached home market in September 2018 and see how it compares with the previous year and previous month.

Abbotsford Detached Home Stats

Metric Sep 2018 Sep 2017 % Change Aug 2018 % Change
Sales 61 89 -31.46% 76 -19.74%
New Listings 192 180 6.67% 142 35.21%
Active Listings 443 359 23.40% 405 9.38%
Benchmark Price $810,800 $785,400 3.23% $829,400 -2.24%
Median Price $730,000 $718,000 1.67% $758,500 -3.76%
Average Price $804,894 $755,144 6.59% $801,701 0.40%

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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