Abbotsford & Mission Real Estate Insider

What Is Local Real Estate Going To Do?

real estate and family home concept - male and female hands holdInsider’s Analysis for

January 2007 – February 2014

I have put together this chart that shows the amount of sales versus the amount of listings.  The percentage of monthly sales against the total inventory of listings on the market is the best way I know of to track trends.  It is important to note that one month’s percentage does not indicate price changes, however, if over many months a trend develops, prices may change.

Above 23% indicates a Seller’s market, below 23% indicates a stable or Buyer’s market.  When the sold percentage is over 23%, I have displayed it in red.  Traditionally, December, January and February are the lowest percentages.

 

            January 10%    >                    February 13%                    <  December 12%

2014 2013 2012 2011 2010 2009 2008 2007
January %

Avg. Price

10%

$606,431

8%

$549,836

10%

$568,891

11%

$565,884

13%

$548,256

5%

$497,985

13%

$524,293

16%

$494,177

February %

Avg. Price

13%

$644,574

10%

$587,492

14%

$610,645

15%

$598,609

14%

$531,987

7%

$492,521

16%

$544,495

22%

$507,439

March %

Avg. Price

12%

$619,813

15%

$601,477

20%

$636,330

16%

$554,856

10%

$500,032

14%

$550,259

24%    *

$509,197

April %

Avg. Price

14%

$608,609

14%

$589,150

16%

$641,070

17%

$559,511

13%

$494,593

16%

$547,590

23%    *

$523,205

May %

Avg. Price

13%

$634,107

15%

$606,950

16%

$630,870

13%

$565,396

15%

$502,336

14%

$549,612

26%   *

$521,444

June %

Avg. Price

13%

$605,031

14%

$608,712

16%

$594,030

16%

$564,390

21%

$505,976

13%

$561,711

25%  *

$529,678

July %

Avg. Price

14%

$617,085

13%

$602,932

13%

$617,129

 10%

$566,597

22%

$515,818

10%

$530,455

23%   *

$519,896

August %

Avg. Price

12%

$618,884

10%

$623,897

13%

$599,408

 10%

$558,103

20%

$536,771

8%

$541,795

21%

$526,879

September %

Avg. Price

11%

$620,316

8%

$619,124

12%

$594,476

10%

$559,378

18%

$536,909

8%

$522,816

16%

$535,572

October %

Avg. Price

14%

$624,912

10%

$582,317

11%

$605,027

11%

$575,310

19%

$532,939

7%

$513,892

17%

$517,087

November %

Avg. Price

11%

$658,639

10%

$552,456

12%

$596,158

12%

$565,888

18%

$545,488

4%

$511,698

15%

$511,176

December %

Avg. Price

12%

$613,921

9%

$576,709

12%

$594,402

11%

$559,954

19%

$549,885

5%

$493,098

14%

$538,273

I print this chart the first week of every month – it really is the best guide to the market.

Call me if you would like an update.

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