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Year-over-year MLS® HPI: a more stable price indicator than average prices, because it tracks changes of "middle-of-the-range" or "typical" homes and excludes the extreme high-end and low-end properties.Typical homes are defined by the various quantitative property attributes (e.g. above ground living area in square feet) and qualitative housing features (e.g. proximity to shopping, schools, transportation, hospitals etc.) toward the home price of properties sold in Greater Vancouver communities.These features together become the "benchmark" house in a given area. A benchmark property is designed to represent a typical residential property in a particular MLS® HPI housing market, such as Bowen Island.
Year-over-year Median Price
: all of the sales prices are arrayed in numeric order. In the case of an even number of sales, the median is the highest price in the lower half of the group. If there is an odd number of sales, the midpoint sale is taken as the median.
Year-over-year Median Listing to Contract Days shows median number of days from date listed on MLS® to the date a Contract of Purchase and Sale is signed.
Year-over-year Median Sold Price per square foot
over the time period selected.
Year-over-year Median Per Cent of Sold Price Compared to Listing Price.
Detailed statistics are added during the last week of the month following (i.e. October stats at the end of November). For early access
to the stats (during the first week of the month following) you can SUBSCRIBE HERE
free of charge. Check out examples on my blog