There were 281 new listings today and 162 sales, for a sell/list of 57.65%. Of the sales 29, or 17.9%, went over list. 10of those were on the Westside. 5 were in East Van, 1 in Richmond, 2 in New West, 4 in North Van, 2 in Coquitlam, 2 in Burnaby and 3 in the Fraser Valley.
Average list price of the sales was $544,047; average sales price was $540,744, a difference of $3,273, meaning the average sale went for 0.74% under list price. 14 properties went for list price. One property went for 16%($95,000) under list while the highest over list was 34% ($187,000) over.
There were 1 million dollar plus properties sold, with two over $2 million. Average days on market to sale was 38.
There were 84 price changes, of which 9, or 10.71%, were increases. The average original list price of price changes was $584,969; the average new price was $576,263, a difference of $8,706, meaning the average price change was -2.6%. Average days on market to price change was 43.
Inventory in my target area rose to 11,072, while over 90s fell to 1,761, a percentage drop to 15.9%.
0.68% of all active listings in my target area had their prices reduced today.