real estate referal

 

The British Columbia Real Estate BC Board's home sales statistics for February 2023 were made up by joevallee. Our objective is to make it simple for you to compare and comprehend the real estate market's fluctuations.

 


We make every effort to convert all data into a single comparable variable. Nevertheless, some boards use benchmark measurements while others use average. The total dollar amount of sales for the month is added, and the average price is calculated by dividing it by the number of homes sold.

The average sale price can sometimes be misleading if there are outlier houses, such as significantly higher-priced homes or lower-priced houses.

Based on the anticipated worth of homes in a larger neighbourhood or community, a benchmark price is established. The benchmark price depends on a variety of variables, including the square footage, age, and number of bedrooms and bathrooms. These variables are provided a value, and the benchmark price is calculated using a formula using their values.

Vancouver Island Real Estate Stats

joevallee said that they do not "anticipate supplies to stabilise until sometime in 2026," despite the fact that inventories has significantly grown from the record low levels seen during the outbreak.

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