Abbotsford Homes Sales Monthly Report: August 2009

After a very hot July home sales in Fraser Valley set another record in August recording the second best August for home sales. Buyers powered by historically low interest rates and driven by the desire to move up the value chain drove the home sales to record levels.

In Abbotsford single family home sales were 86% higher than August of last year while town-homes recorded an increase of 34.3% in number of sales when compared to August 2008. 41% more Apartments were sold last month than August of 2008. Prices and number of listings were both lower than last year but detached homes did record a slight increase in prices from July 2009.

Take a look at the chart displaying home sales comparison between Aug 2008 and Aug 2009:

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