#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

  • $600,000 - Townhouse 17 15065 58 avenue, Surrey

    MLS® R2281190
    Ever imagine coming home and not starting your car again? This is your dream come true! The location [...]
    Listed by: Coldwell Banker Marquise Realty
  • $939,900 - House/Single Family 2190 152nd street, Surrey

    MLS® R2279085
    Very well maintained, renovated and remodeled rancher in the central South Surrey location. The owner [...]
    Listed by: Coldwell Banker Marquise Realty
  • $749,900 - Townhouse 58 7848 170 street, Surrey

    MLS® R2276982
    BRIGHT & BEAUTIFUL, this CORNER home sits by Surrey Golf Club and just steps to the upcoming LRT Line. [...]
    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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