There were 277 new listings today and 190 sales, for a sell/list of 68.59%. Of the sales 21, or 11.05%, went over list. 7 of those were on the Westside. 5 were in East Van, 1 in Richmond, 1 in Port Coquitlam, 2 in Maple Ridge, 3 in Burnaby and 2 in Surrey.
Average list price of the sales was $539,676; average sales price was $527,812, a difference of $11,864, meaning the average sale went for 1.69% under list price. 28 properties went for list price. One property went for 16%($26,000) under list while the highest over list was 15% ($109,000) over.
There were 11 million dollar plus properties sold, with three over $2 million. Average days on market to sale was 37.
8 apartments, 1 duplex, 11 houses and 1 townhouses sold over list.
There were 123 price changes, of which 11, or 8.94%, were increases. The average original list price of price changes was $622,610; the average new price was $605,720, a difference of $16,890, meaning the average price change was -2.48%. Average days on market to price change was 50 days.
Inventory in my target area dropped to 11,293, while over 90s dropped substantially to 1,649, a percentage drop to of 14.6%.
0.99% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list was 60.26%.