There were 337 new listings today and 169 sales, for a sell/list of 50.15%. Of the sales 30, or 17.75%, went over list. 8 of those were on the Westside. 5 were in East Van, 1 was in Richmond and 4 in Pitt Meadows. There were 3 in North Van, 1 in New West, 1 in Maple Ridge, 4 in Burnaby, and 3 in the Fraser Valley. There were 22 price reductions on the Westside, and 18 in Richmond.
Average list price of the sales was $519,311; average sales price was $510,916, a difference of $8,394, meaning the average sale went for 1.37% under list price. 16 properties went for list price. One property went for 13%($125,000) under list while the highest over list was 13% ($35,000) over.
There were 11 million dollar plus properties sold, with none over $2 million. Average days on market to sale was 32.
There were 124 price changes, of which 22, or 17.74%, were increases. The average original list price of price changes was $527,013; the average new price was $518,600, a difference of $8,413, meaning the average price change was -1.74%.
Inventory in my target area rose today to 10,614, while over 90s dropped to 1,874, a percentage drop to 17.66%.
There were 92 expiries today.
.96% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list was 63.60%