Abbotsford & Mission Real Estate Insider

What Local Real Estate Is Going To Do

real estate and family home concept - male and female hands holdI 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.

 

Years Over Months 2014 2013 2012 2011 2010 2009 2008 2007
January % 10% 8% 10% 11% 13% 5% 13% 16%
Avg. Price $606,431 $549,836 $568,891 $565,884 $548,256 $497,985 $524,293 $494,177
 
February % 13% 10% 14% 15% 14% 7% 16% 22%
Avg. Price $644,574 $587,492 $610,645 $598,609 $531,987 $492,521 $544,495 $507,439
 
March % 14% 12% 15% 20% 16% 10% 14% 24%   *
Avg. Price $624,499 $619,813 $601,477 $636,330 $554,856 $500,032 $550,259 $509,197
 
April % 16% 14% 14% 16% 17% 13% 16% 23%   *
Avg. Price $626,038 $608,609 $589,150 $641,070 $559,511 $494,593 $547,590 $523,205
 
May % 17% 13% 15% 16% 13% 15% 14% 26%   *
Avg. Price $654,624 $634,107 $606,950 $630,870 $565,396 $502,336 $549,612 $521,444
  .
June % . 13% 14% 16% 16% 21% 13% 25% *
Avg. Price . $605,031 $608,712 $594,030 $564,390 $505,976 $561,711 $529,678
  .
July % . 14% 13% 13% 10% 22% 10% 23%   *
Avg. Price . $617,085 $602,932 $617,129 $566,597 $515,818 $530,455 $519,896
  .
August % . 12% 10% 13% 10% 20% 8% 21%
Avg. Price . $618,884 $623,897 $599,408 $558,103 $536,771 $541,795 $526,879
  .
September % . 11% 8% 12% 10% 18% 8% 16%
Avg. Price . $620,316 $619,124 $594,476 $559,378 $536,909 $522,816 $535,572
  .
October % . 14% 10% 11% 11% 19% 7% 17%
Avg. Price . $624,912 $582,317 $605,027 $575,310 $532,939 $513,892 $517,087
  .
November % . 11% 10% 12% 12% 18% 4% 15%
Avg. Price . $658,639 $552,456 $596,158 $565,888 $545,488 $511,698 $511,176
  .
December % . 12% 9% 12% 11% 19% 5% 14%
Avg. Price . $613,921 $576,709 $594,402 $559,954 $549,885 $493,098 $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.

 

This blog is written and supported by: www.HomelifeAbbotsford.ca OR www.HomelifeMission.ca

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Abbotsford Real Estate | Abbotsford Homes For Sale

Abbotsford real estate for sale, Abbotsford REALTORS®, and Abbotsford MLS® Listings. Access Abbotsford real estate listings, Abbotsford REALTORS®, new homes and Abbotsford foreclosures. We also have information on Abbotsford home selling, home buying and mortgages, movers and other realty services in Abbotsford and area.

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