Central Abbotsford, Abbotsford Market Report – August 2022

Central Abbotsford is the urban core of Abbotsford, BC, and the geographic and commercial heart of the Fraser Valley's largest city. The area surrounds the Abbotsford City Centre and includes a mix of older established homes, newer townhouse developments, and a growing number of condo and mixed-use projects driven by the University of the Fraser Valley campus and transit upgrades. Mill Lake Park provides a beautiful central green space for the community. Highway 11 and South Fraser Way offer convenient road connections to Mission, Langley, and the Trans-Canada Highway. Central Abbotsford appeals to students, young professionals, investors, and families who want walkable urban amenities at price points that remain well below comparable Metro Vancouver communities.

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43
Units Sold
$691,167
Avg Sold Price
44d
Avg Days on Market
Buyer's Market
Market Condition
1,230 active at start of month 89 new listings Absorption rate: 3.5% Highest sold: $2,600,000 Lowest sold: $287,000

How Does August 2022 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2022 (this report) 43 $691,167 44d
July 2022 month prior 37 +16.2% $590,797 +17% 30d +46.7%
August 2021 year ago 83 -48.2% $563,770 +22.6%

3-Year Price Trend — Central Abbotsford, Abbotsford

The Central Abbotsford, Abbotsford real estate market was a Buyer's Market in August 2022, with 1,230 active listings at the start of the month, 43 properties sold, an average sold price of $691,167, properties averaging 44 days on market, an absorption rate of 3.5%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Central Abbotsford, Abbotsford specialist
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Frequently Asked Questions — Central Abbotsford, Abbotsford August 2022

In August 2022, the Central Abbotsford, Abbotsford real estate market is classified as a Buyer's Market with an absorption rate of 3.5%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/03/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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