My name is Rob Chipman and this is my personal real estate website. I am a Vancouver realtor, and my company is Coronet Realty Ltd. If you are looking for my company’s website, please visit Coronet Realty Ltd.
If you’re already familiar with this site and want to go directly to the stats, here they are.
On this blog I discuss pretty much anything that interests me, concentrating on real estate statistics and the current state of the local Vancouver real estate market. Feel free to post a comment on the blog, pose a question or raise a suggestion.
What Information Is Here?
Most of the information here is statistical, and the majority of it comes from searches I run each business day. The data comes from the Real Estate Board of Greater Vancouver (REBGV), and while every effort is made to ensure it’s accuracy, nether the REBGV nor myself accept responsibilities for any errors. If you’re depending on this information to make important financial or real estate decisions, it is your responsibility to verify the information. It’s all readily accessible through any real estate agent, including myself.
Probably the most popular page is the blog, where you find the daily sales and listings statistics. The numbers found there are based on the average daily list price and the average daily sales price of detached, attached, land only and multi-family listings in both the REBGV and the Fraser Valley Real Estate Board (FVREB).
Like the daily stats, this graph is based on the average daily list price and the average daily sales price of detached, attached, land only and multi-family listings in both the REBGV and the Fraser Valley Real Estate Board (FVREB).
The Daily Sell/List and 5 Day Rolling Average Graph charts the daily relationship for the same areas by dividing the number of sales for the day by the number of listings for the day. This gives an indication of demand versus supply. In a very hot market the percentage will consistently be high – for example, if we sold 100 houses but only listed 50 the ratio would be 100/50= 200%. A slow market would be characterized by the opposite – for example, if we sold 20 houses while listing 100 the math would be 20/100 =20%.
Comparative Inventory by Month compares the inventory figures in just the REBGV each month with the figures from previous years. More inventory is an indication of supply, and high supply without high demand translates into less upward pressure on prices. Years with high inventory often correspond to softening or strongly declining prices, as you can see in 2008, 2010, and 2012.
If you find this website useful feel free to let me know with a comment or email. If you need real estate help to either sell or buy feel free to contact me directly at firstname.lastname@example.org or call 604-230-4225 for more information.