There were 339 new listings today and 176 sales, for a sell/list of 51.92%. Of the sales 28, or 15.91%, went over list. 14 of those were on the Westside. 5 were in East Van, 1 in Richmond, 2 in North Van, 3 in Burnaby and 3 in Surrey.
Average list price of the sales was $559,738; average sales price was $545,794, a difference of $13,944, meaning the average sale went for 1.96% under list price. 18 properties went for list price. One property went for 16%($790,000) under list while the highest over list was 9% ($100,000) over .
There were 11million dollar plus properties sold, with one over $2 million. Average days on market to sale was 37.
There were 114 price changes, of which 12, or 10.53%, were increases. The average original list price of price changes was $556,110; the average new price was $544,168, a difference of $11,941, meaning the average price change was -2.24%. Average days on market to price change was 50 days.
Inventory in my target area rose to 11,468, while over 90s rose to 1,737, or 15.15%.
0.89% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list was 63.21%.