Richard Acomba

RE/MAX Camosun

Office 250 744 3301

Fax 250 744 3904

Email: rgacomba@telus.net

Home Evaluation

Find The Value Of Your Home On The Real Estate Market With The Click Of A Mouse!

Welcome to my online Home Evaluation system. The answers to your home-selling questions are just a click away! Let me help you find the value of your home. By running a Comparative Market Analysis (CMA), I'll find the value of your property on the current real estate market.

Through the Comparative Market Analysis, I can evaluate the prices of properties similar to yours that have recently sold in your area. This analysis will give you a better idea of your property's market value, one of the first - and essential! - steps as you prepare to sell your home. All it takes is a few quick minutes to complete and submit the form below. Then let my system do the work for you! I'll contact you as soon as I have the results.

What is the mls HPI (Home Pricing Index) going to do for the pricing of your home?

The MLS® HPI is not designed to predict the value of an individual property; however, since it is based on MLS® data, the MLS® HPI provides a more precise picture of home price trends in a given region, municipality or neighbourhood.

This is done over a period in time (years).

 

The MLS® HPI tracks changes in home prices by comparing price levels at a point in time with price levels in a base (reference) period. The base period value is always 100.

For example

For example, if the base period for single-family homes is January 2005, and the MLS® HPI value for single-family homes in December 2011 is 149.1, you know that the value of single-family homes is up 49.1% when comparing it to the base period (149.1 – 100 = 49.1%).

 

The MLS® HPI is calculated by using a sophisticated statistical model, in which the price of a home is estimated on both its quantitative and qualitative features.


Based on these estimates, the MLS® HPI can be used to calculate the price for benchmark homes whose features are typical of homes sold in a given area.

 

NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.