In this post, we’re going to take a close look at key numbers for the Abbotsford townhouse market for March 2020 – including sales, new listings, active listings, as well as benchmark, median and average prices for townhouses for sale in Abbotsford.
We're also going to see what kind of shape the townhouse market in Abbotsford was in for the month – whether it was a buyer's market, a balanced market, or a seller's market.
Sales were steadily increasing as is typical moving into spring, and then understandably and necessarily, they started to decline. We serve the public and we understand it is very challenging to buy or list a home while maintaining physical distancing, however if you need us, know that we are here for you.Chris Shields, President of the Board
And we're going to look at how the numbers for March 2020 compare with the numbers for March 2019 and for February 2020.
Key Highlights of the Abbotsford Real Estate Market for Townhouses
Here's a high-level snapshot of what went on with the market for townhouses in Abbotsford for March 2020.
- 51 Sales
- 75 New Listings
- 132 Active listings
- $455,400 Benchmark Price
- $475,600 Median Price
- $469,225 Average Price
The sales-to-active-listings ratio netted out a market absorption rate of 38.64%, indicating that it was a Seller's Market for townhouses in Abbotsford in March 2020 (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 Townhouse Market Changes
Following are some of the highlights for townhouses for sale in Abbotsford in March 2020:
- There were 51 townhouse sales in Abbotsford in March 2020 – a change of 30.77% over March 2019 and a change of 54.55% over February 2020
- There were 75 new listings of townhouses in Abbotsford in March 2020 – a change of -19.35% over March 2019 and a change of -2.60% over February 2020
- The average price of a townhouse in Abbotsford in March 2020 was $469,225 – a change of 1.03% over March 2019 and a change of -3.76% over February 2020
If you're really keen to understand what happened in the market for townhouse in Abbotsford in March 2020, make sure you check out the next section.
Detailed Overview of the Market for Townhouses in Abbotsford
Check out the table below for more detailed information on what happened in the Abbotsford townhouse market in March 2020 and see how it compares with the previous year and previous month.
Abbotsford Townhouse Stats
|Metric||Mar 2020||Mar 2019||% Change||Feb 2020||% Change|
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.