There were 290 new listings today and 176 sales, for a sell/list of 60.69%. Of the sales 34, or 19.32%, went over list. 11 of those were on the Westside. 4 were in East Van, 4 in Richmond, 4 in Port Coquitlam, 4 in North Van, 1 in Pitt Meadows, 2 in Maple Ridge, 1 in Coquitlam, 2 in Burnaby and 1 in Surrey.
Average list price of the sales was $551,616, while the average sales price was $544,206, a difference of $7,410, meaning the average sale went for 1.34% under list price. 15 properties went for list price. One property went for 18%($30,000) under list while the highest over list was 19% ($103,000) over . A 2.2 million property went for 4.4% under, but that is $100,000. Average days on market to sale was 31. That number seems to be dropping.
There were 10 million dollar plus properties sold with 2 over $2 million. That means million dollar plus sales represent 5.68% of all sales. If we take all million dollar plus sales out of the equation average price drops by about $75,000, and DOM drops to 30.
There were 91 price changes, of which 16, or 17.58%, were increases. The average original list price of price changes was $586,162; the average new price was $571,469, a difference of $14,693, meaning the average price change was -2.09%. Average days on market to price change was 50 days.
Inventory in my target area rose to 12,148, while over 90s rose to 1,957, or 16.11%.
0.62% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list was 64.42%.