There were 301 new listings today and 231 sales, for a sell/list of 76.74%. Of the sales 38, or 16.45%, went over list. 15 of those were on the Westside. 2 were in East Van, 2 in Richmond, 4 in New West, 4 in North Van, 1 in Maple Ridge, 9 in Burnaby and 1 in Surrey.
Average list price of the sales was $583,741; average sales price was $575,936, a difference of $7,805, meaning the average sale went for 1.79% under list price. 20 properties went for list price. One property went for 29%($241,000) under list while the highest over list was 13% ($141,000) over .
There were 22 (yeah, 22!) million dollar plus properties sold, with four over $2 million. Average days on market to sale was 27.
There were 73 price changes, of which 5, or 6.85%, were increases. The average original list price of price changes was $655,090; the average new price was $635,365, a difference of $19,725, meaning the average price change was -2.85%. Average days on market to price change was 52 days.
Inventory in my target area rose to 11,286, while over 90s dropped to 1,635, or 14.49%.
0.60% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list was 63.22%.