Balance. A look at the May REBGV numbers
I want to discuss the stats for May, and how they fit with previous months and years. It is clear that sales went up, but why? Let's see what the numbers can tell us.
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What is delayed may happen later. What do stats today tell us about tomorrow?
The questions I want to answer are the following: 1)There are two price indices available, the House Price Index posted by the CREA, and the Teranet Index. How do they compare? 2)What is the correlation between the Sales to Active…
Stats don’t lie… Above or below assessed?
What is the percentage of units selling above or below assessed?
Evaluate and assess
Are units, on average, selling above or below their assessment price?
Stats don’t lie… Above or below asking?
WYSIATI (what you see is all there is) basically explains how quickly we jump to conclusions when presented with very limited data. We assume that what we see is representative of the rest of the data, extrapolate, and jump to…
Down down… Vancouver Real Estate trend in March
Despite common belief that the real estate in Vancouver would pick up in the spring, that was not the case. March sales were the lowest they have been in 33 years, and inventory is picking up.
One swallow doesn’t make a summer. Seasonality of Real Estate in Vancouver
Spring is the season when flowers bloom, birds migrate, and people buy and sell real estate, or so people think. Does the data back this up?
An arm and a leg. What determines the price of real estate?
Supply and demand dictate prices. When the supply is low, and the demand is high, prices go up. When the supply is high, and the demand is low, prices go down. I find it incredible that when I discuss prices…
When thy neighbour’s house doth burn, then look to your own. What should we expect? Part 2
Are we in a bubble? What has happened in other markets? Is this time different?
What goes up… What should we expect? – Part 1
The best we can do is to learn from our own history and those from other countries and try to understand what could happen in Vancouver, given the anomalously high prices in real estate. We'll get there, but first I'll…