#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

  • $575,000 - Townhouse 43 2929 156 street, Surrey

    MLS® R2428119
    Welcome to Toccata! This bright & beautiful south-facing unit has 9' ceilings with large windows letting [...]
    Listed by: Coldwell Banker Marquise Realty
  • $940,000 - House/Single Family 6672 182a street, Surrey

    MLS® R2427989
    Gorgeous 2 Storey plus fully finished basement in quiet cul-de-sac in the Vineyard Estates Subdivision. [...]
    Listed by: Coldwell Banker Marquise Realty
  • $798,900 - House/Single Family 12649 96 avenue, Surrey

    MLS® R2418342
    Large 7,300 square foot lot with 60' frontage plus back lane access! Enjoy the large patio in the beautiful [...]
    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.

copyright © 2020 vantagerealestate.ca All rights reserved.
Powered by Digit Art Designs Ltd