March 2021 Abbotsford Real Estate Market Update 

I’m sure you have heard it on the news or maybe you have some friends who recently bought or sold a home who told you our real estate market was crazy. And it kind of is. But the fact of the matter is, that housing is an essential part of our life and one of the basic needs. So, it is really important to have an idea of what is happening out there. 

A few weeks ago, I was showing a house that was in a great part of town. The party I was showing decided not to make an offer, but I followed up with the listing agent to see what happened with it. It was priced really well but most people would want to update it and that would cost a lot of money so I was really surprised when he told me, that with less than a week of exposure to the market, they were preparing to present 32 different offers! Now that is a lot of activity on one property! While there might be other situations that are similar, I think it should also be said that not all properties receive this kind of attention. But here's what is important to note. When you are ready to make a move to a new home, Being aware of the state of the market will help you make better decisions. To help you out with that, This video will highlight the numbers you need to know about the Abbotsford real estate market, what it means if you’re thinking about buying or selling, and where to get help moving toward your real estate goals this year. 

For March 2021

  1. SFD Benchmark Price $1,068,300 or an increase of 29.7% from the previous year and 8% from the previous month.
  2. 243 new Sales
  3. Median Days to sale was 7
  4. 378 New listings. 258 Active Listings with the average selling price being 107.9% of the original asking price.
  5. We currently have a little over one month of inventory and
  6. the median sales price for all types of the property was $810,000. 

Home Owners and Sellers 

So an important question is what does this mean for Abbotsford homeowners and sellers. Homes are metaphorically flying off the shelves here in Abbotsford, so it is important for home sellers to have a strong pricing strategy in play to ensure they are able to maximize this market and potentially net you thousands of dollars!
Reach out to us for a free consultation and so we can work with you to formulate a strategy specific to your circumstance. 


Also important is how buyers are impacted by this market. With barely a month's worth of inventory in our market buyers need a specific strategy so they are able to act quickly when the right home comes available. are your financials in order? Do you have a list of your must-haves compared to your wants?
We can help you win your bid for the home of your dreams in a tough market so reach out for a free consultation. 

Call to action

Without a doubt, the real estate market is very active in Abbotsford. If you are needing help in making your next move, be sure to put my 35 years of experience to work for you. You can book a Free Covid Friendly consultation via ZOOM by clicking on the link in the comments or right here.

Source- Fraser Valley Real Estate Board 
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