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
653
65
55
2,924,101
10.05
LAST YEAR
779
49
55
3,424,325
15.90
VANCOUVER WEST CONDOS
Active
Sold
Average Days to Sale
Average Sold Price $
Months Supply
THIS YEAR
1716
371
41
963,879
4.63
LAST YEAR
1597
296
30
1,056,991
5.40
VANCOUVER EAST HOUSES
Active
Sold
Average Days to Sale
Average Sold Price $
Months Supply
THIS YEAR
589
122
50
1,523,744
4.83
LAST YEAR
779
91
46
1,605,481
8.56
VANCOUVER EAST CONDOS
Active
Sold
Average Days to Sale
Average Sold Price $
Months Supply
THIS YEAR
633
204
34
691,533
3.10
LAST YEAR
607
146
25
716,186
4.16
