The Bear’s Bubble, that is! 🙂 (Sorry, I couldn’t resist!)
There were 244 new listings today and 225 sales, for a sell/list of 92.21%. Of the sales 29, or 12.89%, went over list. 10 of those were on the Westside. 3 were in East Van, 2 in Richmond, 3 in Pitt Meadows, 4 in North Van, 2 in Maple Ridge, 1 in Coquitlam, 2 in Burnaby and 2 in Surrey.
Average list price of the sales was $515,831, while the average sales price was $506,002, a difference of $9,829, meaning the average sale went for 1.58% under list price. 21 properties went for list price. One property went for 12%($50,000) under list while the highest over list was also 11% ($62,000) over .
There were 9 million dollar plus properties sold with 2 over $2 million. Average days on market to sale was 33.
There were 114 price changes, of which 12, or 10.53%, were increases. The average original list price of price changes was $622,674; the average new price was $604,420, a difference of $18,254, meaning the average price change was -2.39%. Average days on market to price change was 45 days.
Inventory in my target area dropped to 11,994, while over 90s dropped to 1,875, or 15.63%..
0.85% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list was 63.93%.