What a difference a day makes! 24 little hours 🙂
There were 319 new listings today and 170 sales, for a sell/list of 53.29%. Of the sales 17, or 10%, went over list. 5 of those were on the Westside. 4 were in East Van, 1 were in Richmond, 1 in North Van, 2 in Maple Ridge, 2 in Coquitlam, and 2 in Surrey.
Average list price of the sales was $532,965, while the average sales price was $523,993, a difference of $8,972, meaning the average sale went for 1.60% under list price (take note those who feel sellers aren’t achieving asking price). 24 properties went for list price. One property went for 8%($138,000) under list while the highest over list was 17% ($61,000) over . Average days on market to sale was 36.
There were 11 million dollar plus properties sold with 3 over $2 million.
There were 127 price changes, of which 10, or 7.87%, were increases. The average original list price of price changes was $550,484; the average new price was $535,694, a difference of $14,792, meaning the average price change was -2.57%. Average days on market to price change was 44 days. 0.96% of all listings reduced their prices today.
Inventory in my target area dropped to 12,133, while over 90s dropped to 1,921, or 15.83%.
Again, 0.96% of all active listings in my target area had their prices reduced today. Average days on market for sales was 36. Average sales price was within 2% of asking price. (Comments in the last post made me think some people might be missing those points). The 14 day rolling sell/list was 69.28%.