It will be interesting to see how soon comments depart from these numbers and dive directly into doom and gloom bubble talk. I don’t want to be the buzz killer, but maybe we can get a new twist.
There were 292 new listings today and 213 sales, for a sell/list of 72.95%. Of the sales 26, or 12.21%, went over list. 11 of those were on the Westside. 5 were in East Van, 1 in Port Coquitlam, 5 in North Van, 2 in Burnaby and 2 in Surrey.
Average list price of the sales was $556,503, while the average sales price was $548,927, a difference of $7,575, meaning the average sale went for 1.43% under list price. 19 properties went for list price. One property went for 15%($298,000) under list while the highest over list was 18% ($300,000) over . Average days on market to sale was 36.
There were 20 million dollar plus properties sold with 1 over $2 million.
There were 90 price changes, of which 11, or 12.22%, were increases. The average original list price of price changes was $568,870; the average new price was $554,636, a difference of $14,234, meaning the average price change was -2.21%. Average days on market to price change was 56 days.
Inventory in my target area rose to 12,191, while over 90s rose to 2,014, or 16.52%.
0.65% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list was 66.60%.