There were 295 new listings today and 195 sales, for a sell/list of 66.1%. Of the sales 33, or 16.92%, went over list. 9 of those were on the Westside. 4 were in East Van, 4 in Richmond, 2 in Port Coquitlam, 3 in North Van, 3 in Maple Ridge and 1 in Coquitlam. There were 2 in Burnaby and 5 in the Fraser Valley. It looks like North Van may be slowing down a tad, while Maple Ridge might be getting a bump.
Average list price of the sales was $522,593; average sales price was $516,395, a difference of $6,198, meaning the average sale went for 1.07% under list price. 19 properties went for list price. One property went for 8%($280,000) under list while the highest over list was 22% ($216,000) over.
There were 10 million dollar plus properties sold, with two over $2 million. Average days on market to sale was 39.
There were 89 price changes, of which 18, or 20.22%, were increases. The average original list price of price changes was $531,188; the average new price was $524,737, a difference of $6,452, meaning the average price change was -1.3%. Average days on market to price change was 60.
Inventory in my target area rose to 10,919, while over 90s also rose to 1,828, a percentage drop to 16.74%.
0.65% of all active listings in my target area had their prices reduced today.