There were 289 new listings Friday and 251 sales, for a sell/list of 86.85%. Of the sales 31, or 12.35%, went over list. 6 of those were on the Westside. 5 were in East Van, 1 was in Richmond, 1 was in Port Coquitlam, 1 in Pitt Meadows, 1 in New Westminster, 6 in North Van, 4 in Maple Ridge, 2 in Coquitlam, 1 in Burnaby and 3 in Surrey.
Average list price of the sales was $543,588, while the average sales price was $534,730, a difference of $8,857, meaning the average sale went for 1.65% under list price. 22 properties went for list price. One property went for 21%($49,000) under list while the highest over list was 24% ($235,000) over . Average days on market to sale was 34.
There were 14million dollar plus properties sold with 5 over $2 million.
There were 121 price changes, of which 12, or 9.92%, were increases. The average original list price of price changes was $574,686; the average new price was $557,774, a difference of $16,912, meaning the average price change was -2.68%. Average days on market to price change was 47 days. 0.90% of all listings reduced their prices Friday.
Inventory in my target area broke 12,000 again, reaching 12,074, while over 90s dropped, reaching 1,811, or 15.00%.
The 14 day rolling sell/list was 74.64%.
Some say I post “bad” news late and “good” news early. 86% sell/list, stable inventory, low over 90s. I should have posted this Friday!