The benchmark price for an Abbotsford single-family house is once again closing in on $800,000. File photo

Abbotsford house prices on the rebound with more sales, fewer listings

Price of a typical single-family house once again nearing $800,000

Home prices are on the rebound in Abbotsford.

After dropping through the fall of 2019, the benchmark price of a “typical” single-family house in Abbotsford is once again pushing the $800,000 mark, according to the Fraser Valley Real Estate Board (FVREB).

The benchmark price increased to $798,900, that’s higher than last January, although it remains below the high mark set in mid-2018.

Benchmark prices of apartments and townhouses are virtually unchanged from six months ago, with the average townhouse fetching about $380,000 and the typical apartment going for around $312,000. Both those figures are down considerably from the high-water mark in the summer of 2018.

Compared to last January, significantly more houses and townhomes are changing hands, while the inventory has dropped across property classes.

RELATED: CMHC expects housing market to recover in next two years after declines

In January of 2019, 108 homes were sold, while 662 active listings sought buyers. Twelve months later, in January of 2020, 129 homes were sold, but the number of listings had dropped to 584.

That trend has taken place across the Fraser Valley and Greater Vancouver.

“Considering our record‐shattering snow and cold, the pace of home sales remained surprisingly balanced in January,” FVREB president Darin Germyn said in a news release. “Sales in our region have steadily improved since July of last year and January’s numbers remained consistent with that trend.”

Do you have something to add to this story, or something else we should report on? Email:

Like us on Facebook and follow us on Twitter


Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Shots fired in Abbotsford, but no victims or suspects found

Incident occurs Tuesday afternoon at Whatcom and Old Yale roads

Abbotsford’s Ann Marie’s Cafe allowing customers to buy meals for frontline workers

Takeout food available to buy specifically for local healthcare workers battling COVID-19 pandemic

Signs of support to be posted on grounds of local hospitals

Individuals can purchase signs through program of Fraser Valley Health Care Foundation

Abbotsford politicians and city staff to consider cash-flow questions, tax deferments

Mayor says it’s unclear how many residents and business owners will be able to pay taxes on time

Sex offender charged again less than two months after prison release

Taylor Dueck, who was living in Mission, has history of sex assaults in Abbotsford

B.C. records five new COVID-19 deaths, ‘zero chance’ life will return to normal in April

Province continue to have a recovery rate of about 50 per cent

John Horgan extends B.C.’s state of emergency for COVID-19

Premier urges everyone to follow Dr. Bonnie Henry’s advice

B.C.’s first community COVID-19 death was dentist ‘dedicated’ to health: lawyer

Vincent was 64 when he died on March 22 after attending the Pacific Dental Conference

UPDATE: 6.5-magnitude earthquake in Idaho shakes B.C. Interior

An earthquake was reportedly felt just before 5 p.m. throughout the Okanagan

Two inmates at prison housing Robert Pickton test positive for COVID-19

Correctional Service of Canada did not release any details on the identities of the inmates

No laws in B.C. to force businesses to offer refunds, even during a pandemic

Black Press Media talks to Consumer Protection BC on how to navigate during COVID-19

Anti-tax group calls for MPs, senators to donate scheduled pay raises to charity

Bill C-30, adopted 15 years ago, mandates the salary and allowance increases each calendar year

BC SPCA launches matching campaign to help vulnerable animals after big donations

Two BC SPCA donors have offered up to $65,000 in matching donations

Quarantined B.C. mom say pandemic has put special-needs families in ‘crisis mode’

Surrey’s Christine Williams shares family’s challenges, strengths

Most Read