There were 324 new listings today and 186 sales, for a sell/list of 57.41%. Of the sales 34, or 18.28%, went over list. 10 of those were on the Westside. 5 were in East Van, 1 in Port Coquitlam, 1 in New West, 9 in North Van, 1 in Maple Ridge, 2 in Coquitlam, 3 in Burnaby and 2 in Surrey.
Average list price of the sales was $549,590, while the average sales price was $546,203, a difference of $3,387, meaning the average sale went for 1.04% under list price. 15 properties went for list price. One property went for 16%($90,000) under list while the highest over list was also 13% ($177,000) over .
There were 13 million dollar plus properties sold with 2 over $2 million. Average days on market to sale was 33.
There were 112 price changes, of which 8, or 7.14%, were increases. The average original list price of price changes was $547,391; the average new price was $533,104, a difference of $14,287, meaning the average price change was -2.85%. Average days on market to price change was 41 days.
Inventory in my target area dropped to…., o.k., it broke the 12,000 mark, hitting 12,069, while over 90s rose to 1,883, or 15.60%..
0.86% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list was 61.02%.