Vancouver Housing Statistics For October 18th, 2019

WE’RE UPDATING THE STATS!

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

666

73

61

3,141,067

9.12

LAST YEAR

787

55

55

3,437,737

14.31

VANCOUVER WEST CONDOS

 

Active

Sold

Average Days to Sale

Average Sold Price $

Months Supply

THIS YEAR

1703

370

38

1,026,826

4.60

LAST YEAR

1661

303

28

1,009,864

5.48

VANCOUVER EAST HOUSES

 

Active

Sold

Average Days to Sale

Average Sold Price $

Months Supply

THIS YEAR

585

108

47

1,480,592

5.42

LAST YEAR

791

88

38

1,597,294

8.99

VANCOUVER EAST CONDOS

 

Active

Sold

Average Days to Sale

Average Sold Price $

Months Supply

THIS YEAR

620

200

34

690,622

3.10

LAST YEAR

604

154

23

729,274

3.92