#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

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