Sellers’ market: Housing prices continue to rise in Abbotsford and Mission

Value of a typical house in central Fraser Valley has increased by $50,000 since start of year

House prices in the central Fraser Valley continued to climb through the summer, despite the ongoing COVID-19 pandemic.

The benchmark price of an average single-family house in Abbotsford is now nearly $850,000, according to the Fraser Valley Real Estate Board (FVREB). That’s up more than six per cent – and more than $50,000 – from the start of the year.

It’s a similar story in Mission, where the typical single-family house is now going for nearly $700,000 – up about seven per cent and nearly $50,000 from the start of the year.

Townhome and apartment prices are also generally on the rise, albeit at a less dramatic speed than houses.

The typical townhome in Abbotsford now goes for about $465,000 in Abbotsford and Mission. The benchmark price for apartments is higher in Mission ($348,200) than Abbotsford ($325,100).

Across the Fraser Valley Real Estate Board region, which ranges from White Rock to Abbotsford, last month was the second-busiest August in the last two decades.

“We are seeing better sales volumes increase month over month because buyers are recognizing that the Fraser Valley offers increased choice and diversified housing opportunities, while offering more value as well,” FVREB president Chris Shields said in a news release. “In an unusual situation given the pandemic, we remain cautiously optimistic and are encouraged by the numbers we are seeing.”

With a 28 per cent sales-to-active listing ratio, the Fraser Valley real estate market is now firmly a sellers’ market. The Abbotsford market was even more tipped in the favour of sellers, with a 35 per cent ratio.

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

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

Abbotsford has a COVID-19 rate 10 times higher than Chilliwack

Abbotsford has been much harder hit by COVID-19 than its neighbour to the east

MEDICAL MOMENTS: Dr. Andrew Edelson has served Mission for more than 45 years

Why Mission? ‘Mostly because it’s such a wonderful community,’ he says

BC launches 22 new primary care networks, including one in Mission

Will be adding family physicians, a nurse practitioner and a social worker

Abbotsford veteran survives cancer scare, celebrates 95th birthday

Second World War veteran Andy Anderson receives socially distanced birthday party after health scare

Bank robber who was on the lam receives three years in jail

Lucas Bradwell was wanted for robberies in Abbotsford, Sidney and Vancouver

B.C.’s top doctor thanks supporters after revealing threats over COVID-19 measures

Dr. Bonnie Henry says COVID-19 has caused some people to lash out in anger and frustration out of fear

PHOTOS: 2nd calf in a month confirmed among Southern Resident killer whale pod

Center for Whale Research said they will eagerly await to observe the calf to evaluate its health

B.C. VOTES 2020: Speculation tax misses speculators, B.C. Liberals say

Andrew Wilkinson, John Horgan clash over housing costs, solutions

97 distressed horses, cats and dogs seized from farm in Princeton

RCMP assisted as BC SPCA executed search warrant

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

NDP, Greens divided on pace of child care improvements in B.C. election campaign

NDP Leader John Horgan recommitted to $10-a-day child care and blamed the Greens for not supporting his efforts

Wind warning for White Rock, South Surrey

Gusts up to 90 km/h expected from Richmond to Langley Friday (Sept. 25) morning

BC Liberal Leader talks drug addiction in the Lower Mainland

Drug addiction and public safety a top priority says Andrew Wilkinson

Pandemic derails CP Holiday Train

Canadian Pacific will work to get donations to food banks while also producing an online music concert

Most Read