Agent Will

The following stats are compiled weekly and updated on Saturday/Sunday. See below the chart for an explanation of the data compilation.

About these Statistics:

The numbers and chart you see above are generated from data provided by the Real Estate Board of Greater Vancouver. Areas included for the count are: Vancouver West, Vancouver East, Burnaby, Coquitlam, Port Moody, Port Coquitlam, New Westminster, Richmond, North Vancouver, and West Vancouver. South of Richmond, East of Port Coquitlam (Maple Ridge/Pitt Meadows), and North West of West Vancouver (Islands, Squamish, and Whistler) are not included.

Why did I choose to exclude some areas from the Weekly count? Simply because they are quite a distance from the core. I know there are a great many people who live out that way, and I do not wish to offend, but this site, and my business, is focused more on Vancouver and the immediate suburbs.

As you see, the numbers start from 2008 January. It is, as far as I can tell, impossible for me to get accurate numbers for previous weeks. Sorry. If you want to see past numbers in a chart look at the monthly reports released by the board. They will be provided on this site within the first week of any month. This information is updated weekly. The reason for that is numbers can vary dramatically during the week and Realtors are, expecting that the Board rules are followed, given a 72hour window to submit information. What happens on Monday may not become public until Wednesday. In addition, the hard-working fine folk at the REBGV may not be able to enter the data into the system for another day (they do get quite busy, quite often). For that alone, weekly provides a more accurate picture.

About the “Sold Units” number: These are the reported sales. In actual fact there may be more or fewer firm offers for that week specifically. These numbers come from the board which relies on the listing Realtor to provide such information. In other words, a reported sale may in fact be one from two or three weeks ago (rare, but it does happen).

About the colours: Green means an increase or a positive change from the previous week. Red means a decrease or a negative change from the previous week. Blue means no change at all. For example, if the Total Units has increased then the shade will be green. If Sold Units increases then the shade will be green. If Prices increase the shade will be green. The only category where this is inverted is with Months of Supply. If Months of Supply increase the shade will be red as this is a negative. It is a result of there being more units available to the sales occurring and a subsequent likelihood of it taing longer to sell a home in the future (a negative change).