There were 298 new listings today and 164 sales, for a sell/list of 55.03%. Of the sales 24, or 14.63%, went over list. 3 of those were on the Westside (the lowest in many days). 6 were in East Van, 1 in Richmond, 2 in Port Coquitlam, 1 in Pitt Meadows, 7 in North Van (still going strong), 2 in Burnaby and 2 in Surrey.
Average list price of the sales was $534,364; average sales price was $523,904, a difference of $10,460, meaning the average sale went for 1.71% under list price. 14 properties went for list price. One property went for 20%($328,000) under list while the highest over list was 17% ($91,000) over.
There were 8 million dollar plus properties sold, with 1 over $2 million. Average days on market to sale was 40.
There were 91 price changes, of which 12, or 13.19%, were increases. The average original list price of price changes was $523,601; the average new price was $507,747, a difference of $15,854, meaning the average price change was -2.54%. Average days on market to price change was 45.
Inventory in my target area rose to 11,340, while over 90s also rose to 1,862, a percentage of 16.42% (the same as yesterday).
0.70% of all active listings in my target area had their prices reduced today.