#TIPTUESDAY - Don't Judge A Stat By Its Chart

Stats can be confusing- and even misleading- if you don't know what they mean. Take these 3 facts for example: 
 

  • Average sale price of homes in Greater Vancouver have decreased from $1.78M to 1.54M from July to August.
  • Looking at the same time period but using the common HPI (Home Price Index) feature, which is based on inflation/deflation, prices have been steady.
  • The number of houses sold have also decreased 1033 and 695 respectively.

All of these facts are talking about the same location (Greater Vancouver) and the same time (comparing July to August) - AND they are all correct! Many inexperienced house hunters use these words interchangeably, when they are actually referring to very different things. 

So leave the boring stats up to us, we've got you covered. Just give us a call at 604.341.3339

-Vantage Realty Group

  • $580,000 - Townhouse 72 15405 31 avenue, Surrey

    MLS® R2265122
    Welcome to Nuvo2! Premium location close to Morgan Creek and Rosemary Heights. 3 Bedroom (2+Den) 3 Bath. [...]
    Listed by: Coldwell Banker Marquise Realty
  • $1,216,888 - House/Single Family 15070 20th avenue, Surrey

    MLS® R2259758
    Location! Location! Rare opportunity! Welcome to beautiful South Surrey! Nestled between beautiful parks, [...]
    Listed by: Coldwell Banker Marquise Realty
  • $12,500,000 - Other 4709 willet road, Abbotsford

    MLS® R000000
    The hidden gem of the valley. Located in beautiful Sumas Mountain yet minutes away from town and off [...]
    Listed by: Vantage Real Estate Group
        

Vantage Real Estate Group
604-704-7820






This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

copyright © 2018 vantagerealestate.ca All rights reserved.
Powered by Digit Art Designs Ltd