Fraser Valley

ABBOTSFORD

APRIL 2024

Price Band & Bedroom DETACHED HOUSES

Community DETACHED HOUSES

SnapStats® $0 - 700,000

Inventory

Sales

Sales Ratio

SnapStats® Abbotsford East Abbotsford West

Inventory

Sales

Sales Ratio

0 1 9

0 2 1 4 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0

NA

143 103

29 15

20% 15%

700,001 – 800,000 800,001 – 900,000 900,001 – 1,000,000

200%*

11% 20% 32%

Aberdeen Bradner

22

1 0 0 0 0 0

5%

20

2

NA

1,000,001 – 1,250,000 128 1,250,001 – 1,500,000 117 1,500,001 – 1,750,000 45 1,750,001 – 2,000,000 25 2,000,001 – 2,250,000 13 2,250,001 – 2,500,000 10 2,500,001 – 2,750,000 3 2,750,001 – 3,000,000 5 3,000,001 – 3,500,000 0 3,500,001 – 4,000,000 1 4,000,001 – 4,500,000 0 4,500,001 – 5,000,000 1 5,000,001 – 5,500,000 0 5,500,001 - 6,000,000 0 6,000,001 - 6,500,000 0 6,500,001 - 7,000,000 0

41 10

Central Abbotsford

72

16

22%

9% 7%

Matsqui Poplar

6

NA NA NA NA

23

NA NA NA NA NA NA NA NA NA NA NA NA NA NA

Sumas Mountain Sumas Prairie

5 2

TOTAL*

378

61

16%

7,000,001 & Greater

0

TOTAL*

378

61

16%

2 Bedrooms & Less 3 to 4 Bedrooms 5 to 6 Bedrooms 7 Bedrooms & More

16

1

6%

150 160

34 23

23% 14%

52

3

6%

TOTAL*

378

61

16%

SnapStats®

March

April 378

Variance

Inventory

307

23% -12%

Solds

69

61

Sale Price

$1,189,700 $1,175,000 -1%

Sale Price SQFT

$471 99%

$472 99%

0% 0%

Sale to List Price Ratio

Days on Market

9

11

22%

*Sales Ratio suggests market type and speed (ie Balanced 12-20%.) Refer to YTD reports for sustained periods. If >100% MLS® data reported previous month’s sales exceeded current inventory count.

Market Summary

• Market Type Indicator ABBOTSFORD DETACHED : Balanced Market at 16% Sales Ratio average (1.6 in 10 homes selling rate) • Homes are selling on average 1% below list price • Most Active Price Band** $1 mil to $1.25 mil with average 32% Sales Ratio (Sellers market) • Buyers Best Bet** Homes between $1.5 mil to $1.75 mil, Aberdeen and up to 2 / minimum 7 bedroom properties • Sellers Best Bet** Selling homes in Abbotsford East, Central Abbotsford and 3 to 4 bedroom properties **With minimum inventory of 10 in most instances

SALE PRICE

INVENTORY

SOLDS

$1,245,000 $1,262,500

13 Month Market Trend

$1,195,000

$1,189,700 $1,175,000

$1,150,000

$1,125,000

$1,117,000 $1,125,000

$1,107,500 $1,131,031

$1,070,000 $1,078,500

393

391

378

372

370

355

327

310

307

255

224

222

220

99

90

86

69

67

62

61

59

51

47

45

43

38

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

Compliments of...

Maria Senajova Personal Real Estate Corporation Stilhavn Real Estate Services

VancouverUrbanHomes.com

604.657.1110

maria@vancouverurbanhomes.com

©2010-2024 SnapStats® Publishing Co. All rights reserved. No part of this publication may be reproduced, copied, posted on the internet or forwarded in any printed or electronic format without written permission. This report data was captured on May 1, 2024 from the Fraser Valley Real Estate Board MLS®. Refer to our YTD reports for sustained periods of the Sales Ratio %. The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Maria Senajova do not assume any responsibility or liability. More info at snap-stats.com.