When is a home sold? Is it the day the buyer writes the offer, the day that offer is accepted, when conditions are removed, or the deposit comes in? Is it the day the sale closes or when The Real Estate Board reports it? The answer is yes, it’s all these times.
Up until now, the weekly stats have been calculated using the Contract Date, the day the contract is written, to determine the number of homes sold. Because it takes time for a sale to be finalized and then reported, some sales aren’t recorded until after the period they occurred.
Starting September 20th, 2019, we are using the Process Date. This is the day The Real Estate Board records sales and how they calculate their statistics. This will give up some accuracy reporting when sales occur and show more clearly how many have been sold.
We want to provide the most accurate and useful representation of current market conditions. This change will help us do that and serve you best.
VANCOUVER WEST HOUSES
Active
Sold
Average Days to Sale
Average Sold Price $
Months Supply
THIS YEAR
658
67
58
3,051,033
9.82
LAST YEAR
789
45
51
3,446,533
17.53
VANCOUVER WEST CONDOS
Active
Sold
Average Days to Sale
Average Sold Price $
Months Supply
THIS YEAR
1705
371
39
1,002,864
4.60
LAST YEAR
1646
291
29
1,049,051
5.66
VANCOUVER EAST HOUSES
Active
Sold
Average Days to Sale
Average Sold Price $
Months Supply
THIS YEAR
584
119
43
1,501,900
4.91
LAST YEAR
782
90
44
1,611,607
8.69
VANCOUVER EAST CONDOS
Active
Sold
Average Days to Sale
Average Sold Price $
Months Supply
THIS YEAR
633
209
33
689,197
3.03
LAST YEAR
621
137
25
722,851
4.53
