There were 265 new listings Thursday and 156 sales, for a sell/list of 58.87%. Of the sales 28, or 17.95%, went over list. 11 of those were on the Westside. 3 were in East Van, 1 was in Port Coquitlam, 1 in Pitt Meadows, and 1 in New West. There were 2 in North Van, 1 in Maple Ridge, 4 in Burnaby, and 4 in the Fraser Valley. There were 15 price reductions on the Westside, and 9 in East Van, 14 in Richmond and 23 in the Valley (which for me consists of North and South Surrey).
Average list price of the sales was $489,257; average sales price was $484,010, a difference of $5,247, meaning the average sale went for 1.32% under list price. 20 properties went for list price. One property went for 27%($5,400) under list while the highest over list was 21% ($53,000) over.
There were 3 million dollar plus properties sold, with one over $2 million. Average days on market to sale was 33.
There were 108 price changes, of which 13, or 12.04%, were increases. The average original list price of price changes was $559,603; the average new price was $542,141, a difference of $17,463, meaning the average price change was -2.68%.
Inventory in my target area rose to 10,720, while over 90s dropped to 1,824, a percentage drop to 17.30%.
There were 152 expiries today.
.90% of all active listings in my target area had their prices reduced today.