Abbotsford Homes Sales Monthly Report: October 2009

Buyers moving in from Greater Vancouver and first-time buyers from all over the Lower Mainland taking advantage of competitive interest rates and lower prices in the Fraser Valley were the driving force behind strong home sales in October. Although Fraser Valley’s MLS® received 7 per cent more new listings in October than it did in September, the strength in October’s sales reduced overall inventory. In October 2009, Fraser Valley home buyers had 8,807 listings to choose from, compared to 11,715 in October last year – a decrease of 25 per cent.

In Abbotsford, Single family homes was the strongest segment of the overall housing market. Almost 4 single family homes changed hands every day which is 100% increase over October 2008. About 60 single family homes were sold in October 2008. Townhomes and apartments also enjoyed higher sales.

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

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