No Need to Run, Bidding is Fun.
In our previous post we discussed that the bear market in Vancouver had gone away, at least for now. But why?
Category Stats
The Bear has gone to sleep
Winter is here, and it appears that the bear in the Vancouver Real Estate market has gone hibernating
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.
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.
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…
Benching the benchmark. REBGV House Price Index.
In this blog post, I want to discuss something that comes up every month: the benchmark price or each unit type for Greater Vancouver.