There were 277 new listings today and 252 sales, for a sell/list of 90.97%. Of the sales 26, or 10.32%, went over list. 5 of those were on the Westside. 1 was in East Van, 2 in Richmond, 2 in Port Coquitlam, 1 in Pitt Meadows, 3 in North Van, 2 in Maple Ridge and 1 in Coquitlam. There were 4 in Burnaby and 5 in the Fraser Valley.
Average list price of the sales was $496,812; average sales price was $487,967, a difference of $8, ,845 meaning the average sale went for 1.92% under list price. 19 properties went for list price. One property went for 13%($30,000) under list while the highest over list was 25% ($250,000) over.
There were 11 million dollar plus properties sold, with one over $2 million. Average days on market to sale was 43.
There were 99 price changes, of which 10, or 10.32%, were increases. The average original list price of price changes was $583,517; the average new price was $565,632, a difference of $17,885, meaning the average price change was -2.74%.
Inventory in my target area dropped to 10,860, while over 90s also dropped to 1,827, or 16.82%.
0.82% of all active listings in my target area had their prices reduced today.