Watch video HERE. Since 2009 SnapStats has defined the speed of market and official market type (Seller, Buyer or Balanced Market) by price, neighbourhood and bedrooms. We also identify the Buyer pockets, Seller hottest pockets and month to month variances for Active Listings, Solds, Sale Price, SP/LP, DOM and Price per SQFT. Our reports are personalized on each and every page with your name and contact information for ease of referrals by your client and contact lists. Download our FREE sample report to learn more.
Metro Vancouver Report Edition includes:
Greater Vancouver Report Edition includes:
Fraser Valley Report Edition
South Surrey/White Rock
The Sales Ratio % column is the Sales-to-Active listings ratio reporting what the official market type is and what speed homes are selling. For example, a 100% Sales Ratio means 10 in 10 homes selling rate (Seller’s market); a 10% Sales Ratio means 1 in 10 homes selling rate (Buyer’s market) and a 19% Sales Ratio means 2 out of 10 homes selling rate (Balanced market.) See chart below.
The Sales Ratio % column is ideal for your listing presentations, buyer appointments, offer presentations, and Seller price reduction meetings to educate your clients on their specific current market conditions empowering them to make smarter decisions.
The guidelines for determining the official type of market for a specific city, community or home value (price band) is as follows (as per the Real Estate Board of Greater Vancouver for our Metro and Greater Vancouver report editions. Note: Fraser Valley report edition ratios vary slightly.)
|Official Market Type *||Metro Vancouver
|Sellers||21% plus||21% plus|
|Balanced||15 – 20%||12 – 20%|
|Buyers||0 – 14%||0 – 11%|
Example: 10% means 1 in 10 homes selling rate (Buyers market)
* According to the REBGY & FVREB
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Real estate pricing deals with the valuation of real estate and all the standard methods of determining the price of fixed assets apply. The median home price is one of the most common measurements used to compare real estate prices in different markets, areas and periods. It is said to be less biased than the mean (average) price since it is not as heavily influenced by small numbers of very highly priced home sales, or extraordinarily low priced home sales. SnapStats therefore subscribes to the principle of median measurements for data reporting purposes.
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