There were 242 new listings today and 202 sales, for a sell/list of 83.47%. Of the sales 33, or 16.34%, went over list. 9 of those were on the Westside. 6 were in East Van, 2 in Richmond, 1 in Pitt Meadows, 5 in North Van, 1 in Maple Ridge, 6 in Burnaby and 3 in Surrey.
Average list price of the sales was $513,821; average sales price was $510,233, a difference of $3,588, meaning the average sale went for 0.77% under list price. 46 properties went for list price. One property went for 28%($111,000) under list while the highest over list was 35% ($100,000) over (a new condo along the East Hastings corridor we recently spoke about, and equals over $600/sq. ft.)
There were 12 million dollar plus properties sold, with two over $2 million. Average days on market to sale was 30.
94 apartments sold, 2 duplexes, 8 apartments, 1 duplex, 71 houses and 26 townhouses were sold. 17 apartments, 14 houses and 1 townhouse sold over list.
There were 94 price changes, of which 9, or 9.47%, were increases. The average original list price of price changes was $623,210; the average new price was $603,967, a difference of $19,243, meaning the average price change was -3.1%. Average days on market to price change was 47 days.
Inventory in my target area dropped to 11,243, while over 90s dropped to 1,647, a rise in percentage to of 14.65%.
0.76% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list was 61.14%.