#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

  • $625,000 - Townhouse 39 3039 156 street, Surrey

    MLS® R2225779
    Beautiful 3 Bedroom 3 Bathroom Townhome at NICHE. Huge picture window overlooking protected woodland. [...]
    Listed by: Coldwell Banker Marquise Realty
  • $550,000 - Townhouse 57 2955 156 street, Surrey

    MLS® R2221189
    Sought after Arista: This spacious 2 bedroom 2 bath townhome features soaring 10 foot ceilings, large [...]
    Listed by: Coldwell Banker Marquise Realty
  • $1,588,000 - House/Single Family 1970 158a street, Surrey

    MLS® R2217811
    Exquisite custom 2 story home in South Surrey. Master bedroom on the main level with ensuite bathroom [...]
    Listed by: Coldwell Banker Marquise Realty
        

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.

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