#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

  • $399,900 - Apartment/Condo 23 10070 137a street, Surrey

    MLS® R2181921
    Fully renovated home at well established Camden Court! Beautifully renovated top floor, over 1300 sqft [...]
    Listed by: Coldwell Banker Marquise Realty
  • $750,000 - Townhouse 33 2958 159 street, Surrey

    MLS® R
      Virtual Tour - click here This OPEN CONCEPT floorplan was the first to sell out by Adera! [...]
    Listed by: Vantage Real Estate Group - Coldwell Banker Marqui
  • $1,079,900 - House/Single Family 1362 farrell avenue, Delta

    MLS® R2176881
    Updated Beach Grove Rancher! This bright and renovated 3 bedroom 2 Bathroom 1700 square foot home is [...]
    Listed by: Coldwell Banker Marquise Realty