There were 283 new listings today and 189 sales, for a sell/list of 66.78%. Of the sales 37, or 19.58%, went over list. 9 of those were on the Westside. 11 were in East Van, (go East Van!) 2 in Richmond, 2 in Pitt Meadows, 3 in North Van, 3 in Maple Ridge, 4 in Coquitlam, and 3 in Burnaby.
Average list price of the sales was $478,422; average sales price was $475,020, a difference of $3,401, meaning the average sale went for 1.06% under list price. 23 properties went for list price. One property went for 14%($54,000) under list while the highest over list was 25% ($266,000) over.
There were 7 million dollar plus properties sold, with none over $2 million. Average days on market to sale was 33.
9 apartments, 3 duplexes, 21 houses and 3 townhouses sold over list,
There were 78 price changes, of which 15, or 19.23%, were increases. The average original list price of price changes was $551,794; the average new price was $538,687, a difference of $13,107, meaning the average price change was -2.15%. Average days on market to price change was 60 days.
Inventory in my target area rose to 11,543, while over 90s dropped to 1,805, a percentage drop to of 15.64%.
0.55% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list was 59.35%.