Abbotsford Real Estate Market February 2018

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

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

Abbotsford Detached Home Update for February 2018

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

– There were 107 detached home sales in Abbotsford in February 2018 – a change of 52.86% over February 2017 and a change of 64.62% over January 2018
– There were 155 new listings of detached homes in Abbotsford in February 2018 – a change of 58.16% over February 2017 and a change of 33.62% over January 2018
– The benchmark price of a detached home in Abbotsford in February 2018 was 3,300 – a change of 19.08% over February 2017 and a change of 2.15% over January 2018

The sales-to-active listings ratio netted out a market absorption rate of 40.68%, indicating a Seller’s Market for detached homes in Abbotsford in February 2018.

Click on the link below learn more about local housing market ratios on the BC Real Estate Association Blog:

http://www.bcrea.bc.ca/about/bcrea-blog/bcrea-blog/2014/07/25/for-local-housing-markets-one-ratio-does-not-fit-all

Full details on the Abbotsford detached home market update for February 2018 here:

https://abbotsfordrealestate.co/market-updates/detached-homes-february-2018/

Abbotsford Townhouse Update for February 2018

Following are some of the highlights for townhouses in Abbotsford in February 2018:

– There were 46 townhouse sales in Abbotsford in February 2018 – a change of 15.00% over February 2017 and a change of 27.78% over January 2018
– There were 58 new listings of townhouses in Abbotsford in February 2018 – a change of 38.10% over February 2017 and a change of 13.73% over January 2018
– The benchmark price of a townhouse in Abbotsford in February 2018 was 1,600 – a change of 25.80% over February 2017 and a change of 2.71% over January 2018

The sales-to-active listings ratio netted out a market absorption rate of 85.19%, indicating a Seller’s Market for townhouses in Abbotsford in February 2018.

Click on the link below learn more about local housing market ratios on the BC Real Estate Association Blog:

http://www.bcrea.bc.ca/about/bcrea-blog/bcrea-blog/2014/07/25/for-local-housing-markets-one-ratio-does-not-fit-all

Full details on the Abbotsford townhouse market update for February 2018 here:

https://abbotsfordrealestate.co/market-updates/townhouses-february-2018/

Abbotsford Condominium Update for February 2018

Following are some of the highlights for condominiums in Abbotsford in February 2018:

– There were 68 condominium sales in Abbotsford in February 2018 – a change of -20.93% over February 2017 and a change of 41.67% over January 2018
– There were 99 new listings of condominiums in Abbotsford in February 2018 – a change of 7.61% over February 2017 and a change of 33.78% over January 2018
– The benchmark price of a condominium in Abbotsford in February 2018 was 5,900 – a change of 41.28% over February 2017 and a change of 5.26% over January 2018

The sales-to-active listings ratio netted out a market absorption rate of 86.08%, indicating a Seller’s Market for condominiums in Abbotsford in February 2018.

Click on the link below learn more about local housing market ratios on the BC Real Estate Association Blog:

http://www.bcrea.bc.ca/about/bcrea-blog/bcrea-blog/2014/07/25/for-local-housing-markets-one-ratio-does-not-fit-all

Full details on the Abbotsford condominium market update for February 2018 here:

https://abbotsfordrealestate.co/market-updates/condominiums-february-2018/

*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 below to the FVREB’s current statistics package for the Abbotsford real estate market:

http://www.fvreb.bc.ca/mls-statistics.php

Abbotsford Real Estate Market February 2018
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