abbotsford real estate may 2016

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ABBOTSFORD

REAL ESTATE MARKET REPORTMay 2016

Demand is tremendous, still, for detached homes in our region, but it’s encouraging to see that the upward pace of that demand is leveling off.

Charles Wiebe, President of theFraser Valley Real Estate Board

Abbotsford Detached Homes

0

50

100

150

200

250 May 2016; 241

May 2015; 136

April 2016; 244 Sales Were Up Over May 2015 by 77.21%And Down Over April 2016 by 1.23%

Sales New Listings Active Listngs0

50

100

150

200

250

300

350

400

450

241

289324

136

183

393

244

341325

May 2016 May 2015 April 2016

May 2016Detached HomeSales & Listings

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000 May 2016; $614,900

May 2015; $464,900

April 2016; $547,100

BenchmarkPrice Was Up Over May 2015 by 32.27%& Also Up Over April 2016 by 7.11%

Benchmark Price

Median Price

Average Price

$0 $200,000 $400,000 $600,000 $800,000

$614,900

$625,000

$648,305

$464,900

$454,500

$481,206

$574,100

$610,000

$639,581

April 2016 May 2015 May 2016

May 2016Detached HomePrices

Abbotsford TOWNHOUSEs

0

10

20

30

40

50

60

70

80

90 May 2016; 89

May 2015; 40

April 2016; 82 Sales Were Up Over May 2015 by 122.5%And Up Over April 2016 by 8.54%%

Sales New Listings Active Listngs0

50

100

150

200

250

300

350

89 96 93

4054

212

82 84

325

May 2016 May 2015 April 2016

May 2016TownhouseSales & Listings

$215,000

$220,000

$225,000

$230,000

$235,000

$240,000

$245,000

$250,000 May 2016; $249,300

May 2015; $229,000

April 2016; $247,500

BenchmarkPrice Was Up Over May 2015 by 8.86%& Also Up Over April 2016 by 0.73%

Benchmark Price

Median Price

Average Price

$0 $100,000 $200,000 $300,000 $400,000

$249,300

$349,900

$351,102

$229,000

$266,000

$278,430

$247,500

$330,250

$335,560

April 2016 May 2015 May 2016

May 2016TownhousePrices

Abbotsford CONDOMINIUMS

0

10

20

30

40

50

60

70

80

90

100 May 2016; 91

May 2015; 40

April 2016; 86

Sales Were Up Over May 2015 by 127.50%And Also Up Over April 2016 by 5.81%

Sales New Listings Active Listngs0

50

100

150

200

250

300

91 87

132

40

76

278

86100

147

May 2016 May 2015 April 2016

May 2016CondoSales & Listings

$135,000

$140,000

$145,000

$150,000

$155,000

$160,000

$165,000

$170,000

$175,000 May 2016; $172,000

May 2015; $150,600

April 2016; $165,900

BenchmarkPrice Was Up Over May 2015 by 14.21%& Also Up Over April 2016 by 3.68%

Benchmark Price

Median Price

Average Price

$0 $50,000 $100,000 $150,000 $200,000

$172,000

$170,000

$175,772

$150,600

$151,000

$154,992

$165,900

$171,500

$188,440

April 2016 May 2015 May 2016

May 2016CondoPrices

Questions?

http://abbotsfordrealestate.co

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