Champlain Heights
Real Estate Trends

Housing Market Report for September 2018

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Champlain Heights Housing Prices

The change in average home price is affected by two factors:

  1. The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.
  2. Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.

How we calculate our stats

Champlain Heights Housing Inventory

Champlain Heights vs. vancouver

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About this Report

With Zolo's real estate market trends, you'll get real-time data on Champlain Heights's housing market. If you're curious about your neighbourhood's average house price, housing inventory, or average days on market, all this has now been broken down for you. Our home price data is constantly updated. This report analyzes sales history between July 20 - September 14 and measures it against the same period last year. In addition to all these real estate statistics, at the bottom of our report is a list of all neighbourhoods, ranked based on their home sold price, price growth, days on market, and turnover. With all this content, you'll be empowered with both a comprehensive view of the local Champlain Heights housing market and a glimpse of the city as a whole. All this information is intended to give you a thorough understanding of both the local Champlain Heights and the Vancouver area, so that ultimately, you'll be able to make a well-informed decision about where you'd like to live. To compare this neighbourhood to the city of Vancouver, take a look at Vancouver's trends page. As well, using other helpful MLS stats like the MLS Home Price Index will give you more context on the housing market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the Realtor submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.

Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."