Houses Price Index and Sales Statistics
The House Price Index, or HPI, takes into consideration more than just the sale price, and the data is cleaned up to remove extreme outliers. The final data gives a trend in the market, but there is more to consider.
Downtown Condos House Price Index
Downtown Townhouses House Price Index
The Median Sale Price
is usually chosen over the mean as it is not effected by extreme outliers. There is an equal number of sales both below and above the median sale price.
Condos Downtown Median Sale Price
Townhouses Downtown Median Sale Price
Days on Market
or median listing to contract days. The fewer days on market, the hotter the market tends to be. However, the longer it is taking for properties to sell, the more it leans to a buyers' market.
Downtown Condos Days on Market
Downtown Townhouses Days on Market
Downtown Condos Median Price Per Square Foot
Downtown Townhouses Median Price Per Square Foot
New Listings Condos Downtown
New Listings Townhouses Downtown
shows the number of listings available compared to the listings inventory of the past few years. Generally, if prices are rising, price per square foot is rising, you could expect to see that the inventory is low. If inventory is high, then buyers have lots to choose from and prices are not usually climbing.
Downtown Condos Total Inventory
Downtown Townhouses Total Inventory
tells a lot when read with the other data. At times when the prices are rising and inventory is low, if sales are strong, then you could infer that the market is strong. If, however, sales volume is slowing while prices are rising, it could indicate that a shift is coming to the market.
Sales Volume at Condos Downtown
Sales Volume at Townhouses in Downtown Vancouver
Sales to Active Listing Ratio
is the final piece. This shows the relationship between the total sales volume and current active listings. The higher the ratio, the stronger the market is for sellers. The lower the ratio, the better it is for buyers. Anything over approximately 0.2 is a pretty strong market. Any higher than that is a very strong selling market, and a great time to sell.