Real Estate Information Archive

Abbotsford     22% Absorption Rate (Fair for Buyers & Sellers)

Mission          19% Absorption Rate (Fair for Buyers & Sellers)

Langley          22% Absorption Rate (Fair for Buyers & Sellers)

Cloverdale         21% Absorption Rate (Fair for Buyers & Sellers)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

Mako talks about how real estate commissions are free when you are buying a home. He strongly urges you to always have a reputable agent represent you in the purchase of real estate. It is free and can save you thousands. Just be sure you pick an agent that puts your interests first. If you have any questions about real estate commissions in the Abbotsford area please email Mako at callmako@hotmail.com

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Mako talks about how important it is to pick a tech savvy real estate agent when selling your Abbotsford, Langley home. Even if you don't understand technology, be sure you pick an agent who does. HGTV even has this listed as one of their top selling secrets.

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Mako talks about real estate commissions and the many different alternatives there are to get your Abbotsford home sold.

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Abbotsford   12% Absorption Rate (good for Buyers)

Mission          12% Absorption Rate (good for Buyers)

Langley          16% Absorption Rate (good for Buyers)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

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Abbotsford   13% Absorption Rate (good for Buyers)

Mission          10% Absorption Rate (good for Buyers)

Langley          23% Absorption Rate (good for Sellers)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.

Mako blogs about absorption rates in Abbotsford, Langley, and Mission of the Fraser Valley and explained about what absorption rates mean. Mako explains on what market we are currently in, buyers market vs sellers market.

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Abbotsford   16% Absorption Rate (good for Buyers)

Mission          13% Absorption Rate (good for Buyers)

Langley          23% Absorption Rate (good for Sellers)

Absorption Rates Explained

If we have 100 homes on the market and we consume (sell) 18-22 (18%-22%) of these homes per month that is a balanced market, fair for buyers and fair for sellers.

If we sell under 18% it becomes a Buyers market with a lot of inventory for buyers to choose from. Sellers will have to make some price adjustments or do some minor updates such as increase curb appeal to attract a buyer.

If we sell over 22% it becomes a Sellers market. Buyers will find themselves in multiple offer situations and potentially loose out on the house the are bidding on.

If you would like a market update of any other city listed here, simply email me and we are happy to get one out to you at no cost or obligation.