Winter is here, and it appears that the bear in the Vancouver Real Estate market has gone hibernating
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.
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…
What is the percentage of units selling above or below assessed?
Are units, on average, selling above or below their assessment price?
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…
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.
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?
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…
Are we in a bubble? What has happened in other markets? Is this time different?