There were 295 new listings today and 178 sales, for a sell/list of 60.34%. Of the sales 24, or 13.48%, went over list. 7 of those were on the Westside. 3 were in East Van, 4 were in Richmond, 3 in North Van, 1 in Maple Ridge, 2 in Coquitlam, 2 in Burnaby, and 2 in the Fraser Valley.
Average list price of the sales was $466,794; average sales price was $458,215, a difference of $8,580, meaning the average sale went for 1.70% under list price. 15 properties went for list price. One property went for 12.5%($198,000) under list while the highest over list was 7% ($37,200) over.
There were 4 million dollar plus properties sold, with none over $2 million. Average days on market to sale was 40.
There were 85 price changes, of which 13, or 15.29%, were increases. The average original list price of price changes was $544,274; the average new price was $531,770, a difference of $12,504, meaning the average price change was -2.02%.
Inventory in my target area rose today to 10,494, while over 90s dropped slightly, to 1,745, a percentage drop to 16.63%.
There were 33 expiries today.
.69% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list was 65.30%