#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

  • $865,000 - Apartment/Condo 701 1005 beach avenue, Vancouver

    MLS® R2345994
    Built by Bosa, Alvar is in the quiet West End just across from English Bay, right by restaurants, the [...]
    Listed by: Coldwell Banker Marquise Realty
  • $789,900 - Apartment/Condo 504-3535 146a street, White Rock

    MLS® R0000000
    Amazing opportunity! Large 2 bed/2 bath + den penthouse unit at SOLD OUT Forest Ridge in South Surrey. [...]
    Listed by: Coldwell Banker Marquise Realty
  • $572,000 - Apartment/Condo 211 15138 34 avenue, Surrey

    MLS® R2338389
    This two bedroom and flex is one of the largest available units at Prescott! Open concept home with [...]
    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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