There were 303 new listings today and 174 sales, for a sell/list of 57.43%. Of the sales 27, or 15.52%, went over list. 7 of those were on the Westside. 6 were in East Van, 1 in Richmond, 1 in Pitt Meadows, 4 in North Van, 4 in Maple Ridge, 1 in Coquitlam, 2 in Burnaby and 1 in the Fraser Valley.
Average list price of the sales was $488,935; average sales price was $481,606, a difference of $7,329, meaning the average sale went for 1.53% under list price. 18 properties went for list price. One property went for 13%($100,000) under list while the highest over list was 21% ($122,000) over.
There were 6 million dollar plus properties sold, with one over $2 million. Average days on market to sale was 45.
There were 85 price changes, of which 8, or 9.41%, were increases. The average original list price of price changes was $618,585; the average new price was $601,849, a difference of $16,736, meaning the average price change was -2.51%. Average days on market to price change was 54.
Inventory in my target area rose to 11,184, while over 90s also to 1,823, a percentage increase to 16.30%.
0.69% of all active listings in my target area had their prices reduced today.