2. The visual presentations that follow are intended to give the viewer
an overview of the real estate market in Abbotsford for the years
2008 to 2012. Real Estate differs from consumer products where
inventory products and prices can be consistent.
The two observations that stand out during these previous five
years are:
1. The numbers of detached house sales have declined thirty six
percent since 2009
2. Prices have been some what consistence or “flat”.
3. Median Price is the price at which half the homes sold for more
while half sold for less. That means that there are just as many
homes that sold at a price lower than the median than those that
sold at prices higher than the median price.
Average Price is the total dollar volume of homes sold for a
particular period, divided by the number of units sold.
Benchmark Price is the housing price index (HPI) which tracks the
price of a typical, or benchmark property. Data for benchmark prices
would not include the tear down homes or high priced mega houses.
