The Fraser Valley Real Estate Board recently published the statistics for the Abbotsford real estate market, among others, for November 2017.

In this post, we’re going to take a close look at key numbers for the Abbotsford townhouse market for November 2017 – including sales, new listings, active listings, as well as benchmark, median and average prices for Abbotsford townhouses.

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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.

Our attached market feels like our detached market used to. With our townhome and apartment inventory here, you have the same wide spectrum for pricing and supply that’s helping buyers of all types find success in the Valley.

Gopal Sahota, President of the FVREB

And we're going to look at how the numbers for November 2017 compare with the numbers for November 2016 and for October 2017.

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 November 2017.

  • 53 Sales
  • 43 New Listings
  • 61 Active listings
  • $348,600 Benchmark Price
  • $452,000 Median Price
  • $436,420 Average Price

The sales-to-active-listings ratio netted out a market absorption rate of 86.89%, indicating that it was a Seller's Market for townhouses in Abbotsford in November 2017 (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 in Abbotsford in November 2017:

  • There were 53 townhouse sales in Abbotsford in November 2017 – a change of 76.67% over November 2016 and a change of -14.52% over October 2017
  • There were 43 new listings of townhouses in Abbotsford in November 2017 – a change of 16.22% over November 2016 and a change of -38.57% over October 2017
  • The benchmark price of a townhouse in Abbotsford in November 2017 was $348,600 – a change of 14.86% over November 2016 and a change of 0.90% over October 2017

If you're really keen to understand what happened in the market for townhouse in Abbotsford in November 2017, 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 November 2017 and see how it compares with the previous year and previous month.

Abbotsford Townhouse Stats

Metric Nov 2017 Nov 2016 % Change Oct 2017 % Change
Sales 53 30 76.67% 62 -14.52%
New Listings 43 37 16.22% 70 -38.57%
Active Listings 61 86 -29.07% 79 -22.78%
Benchmark Price $348,600 $303,500 14.86% $345,500 0.90%
Median Price $452,000 $375,000 20.53% $455,950 -0.87%
Average Price $436,420 $362,336 20.45% $455,525 -4.19%

Abbotsford Real Estate Market Infographic

Abbotsford Townhouse Market Update November 2017 Infographic

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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