#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

  • $535,000 - Apartment/Condo 2709-9888 cameron street, Burnaby

    MLS® R2313802
    Beautiful and bright one bedroom plus den! Enjoy views of the city and mountains from your living room [...]
    Listed by: Coldwell Banker Marquise Realty
  • $875,000 - Townhouse 4 2825 159 street, Surrey

    MLS® R2304973
    Welcome to the Southridge Club! Enjoy all of its amenities with a large gym, heated outdoor pool, hot [...]
    Listed by: Coldwell Banker Marquise Realty
  • $350,000 - Apartment/Condo 315 5906 176a street, Surrey

    MLS® R2306873
    Large two bedroom, TOP FLOOR, CORNER unit. Enjoy the generous master bedroom walk in closet and your [...]
    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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