There were 315 new listings today and 193 sales, for a sell/list of 61.27%. Of the sales 31, or 16.06%, went over list. 13 of those were on the Westside. 4 were in East Van, 1 was in Richmond, 1 in Pitt Meadows, 5 in North Van, 1 in Coquitlam, 3 in Burnaby, and 3 in the Fraser Valley.
Average list price of the sales was $526,028; average sales price was $512,835, a difference of $13,193, meaning the average sale went for 1.79% under list price. 10 properties went for list price. One property went for 27%($290,000) under list while the highest over list was 16% ($126,000) over.
There were 11 million dollar plus properties sold, with 4 over $2 million. Average days on market to sale was 36.
There were 59 price changes, of which 9, or 15.25%, were increases. The average original list price of price changes was $520,764; the average new price was $516,496, a difference of $4,267, meaning the average price change was -1.01%.
Inventory in my target area rose again today to 10,410, while over 90s also rose slightly, to 1,768, an in percentage to 16.98%.
There were 34 expiries today.
.48% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list was 64.17%