#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

  • $539,888 - Townhouse 30 15175 62a avenue, Surrey

    MLS® R2417488
    Immaculate Corner Unit** Highlighted by Designer Laminate Flooring & New Appliances with a Double Oven. [...]
    Listed by: Coldwell Banker Marquise Realty
  • $1,100,000 - Townhouse 4 1285 harwood street, Vancouver

    MLS® R2415183
    Boutique corner unit townhouse in the West End. Enter the home through the private entrance of the strata's [...]
    Listed by: Coldwell Banker Marquise Realty
  • $1,350,000 - House/Single Family 9745 182 street, Surrey

    MLS® RXXXXXXX
    Brand new, corner lot home with a two bedroom suite, plus two additional rooms downstairs for a [...]
    Listed by: Coldwell Banker Marquise Realty
        

Vantage Real Estate Group
604-345-3339






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.

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