A monthly news release compares changes in property sales and index prices overthe past one-year period. It also highlights areas that have had the most salesactivity. To view these check out the "MonthlyReports"
Listed vs. Sold:
Each month I carefully analyze the most recent comparable data for homes listed and sold in your neighbourhood to determine the current trend of housing prices, while taking into consideration the present state of the BC economy [www.bcstats.gov.bc.ca]. The results are graphed and available in the "Listed vs Sold" section of www.realtylink.org.
To view different graphs of Listings Vs Sold houses, townhomes and apartments in Vancouver West, Vancouver East, Burnaby, New Westminster, Richmond, South Delta, Port Moody, Coquitlam, Port Coquitlam, Maple Ridge, Sunshine Coast, Whistler - Squamish - Pemberton, West Vancouver and North Vancouver (City - District ) according to the Real Estate Board of Greater Vancouver.
The REB's Housing Price Index (HPI) is an excellent market resource to follow trends in housing prices. The theory behind the HPI is similar to the Consumer Price Index (CPI), where a basket of goods or housing features of a "typical" home are tracked. The property's estimated value is based on the combined value of its features, rather than the property itself. HPI Explained for Buyers provides an overview of how the HPI works and why it is amore accurate method of following price trends than traditional averages.
View the Housing Price Index for Greater Vancouver, according to the Real Estate Board of Greater Vancouver.