Main Real estate data showing the prices and the sales data in five different cities of the British Columbia ( DRAW CONCLUSION: AVERAGE SALE, FORECAST SALE, WHERE THE INVESTMENT SHOULD BE DONE…USING...

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Answered 132 days AfterNov 09, 2021

Answer To: Main Real estate data showing the prices and the sales data in five different cities of the British...

Rochak answered on Mar 22 2022
112 Votes
Introduction
Real Estate for any country is important but with the increasing prices and many reasons the sector is facing a slowdown across the globe, to see the same we here analyze different factors which affect the real estate m
arket and try to formulate if the sector is facing a slowdown or not.
Average Sales
    
    Average Sale
    Vancouver
    1,029
    Vancouver Island
    354
    Central
    389
    Shuswap-Residential
    100
    Fraser Valley
    412
    South Okanagan
    65
Average sales are the average monthly sales that each area makes. From the table above we can see that the average sale is the maximum for Vancouver which has the maximum sales in the country, this is because of the rising population and better ability to purchase real estate.
Average Sales Price Trend
The graph above shows the average sale price of the real estate properties across the nation, and it can be seen that mostly the real estate prices have been stagnant over the years across the states which have been selected, the maximum deviation in the average sale price is seen in Vancouver which has witnessed a fall in the average sale price over the period which was way above 1,200,000 in January 2018, and it declined to around 1,100,000 at the end of January 2020. This means that there was a slow down in the real estate which has led to the decrease in the average sale price, which is done to boost the units sold.
Units Listed
Over the years, the number of units listed has gone down, this slowness started in May 2019, and since then it has not recovered. The number of units listed in January 2020 is the same as January 2018, which is very disappointing, and it indicates that the real estate market in the country is not doing great and has been witnessing slowness.
Days to Sell
The days to sell for each of the states has been rising and this is major because of the slowness, which is been witnessed in the country, in the real estate market, because of various factors like rising prices, inflation, and a lot more.
Conclusion
Everything is getting accumulated at a national level which is causing a slowdown, each state which is witnessing slowness is because of factors such as:
· Inflation
· Rising Price
· Less Disposable Income
These factors have caused a decrease in the sales of the real estate units, which is causing a...
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