There were 186 new listings today and 207 sales, for a sell/list of 111.29%. Of the sales 29, or 14.01%, went over list. 10 of those were on the Westside. 5 were in East Van, 3 were in Richmond, 2 in Pitt Meadows, 4 in North Van, 1 in Maple Ridge, 1 in Coquitlam, 1 in Burnaby and 2 in Surrey.
Average list price of the sales was $512,145, while the average sales price was $504,871, a difference of $7,274, meaning the average sale went for 1.62% under list price. 24 properties went for list price. One property went for 18%($55,000) under list while the highest over list was 16% ($140,000) over . Average days on market to sale was 37.
There were 12 million dollar plus properties sold with none over $2 million.
There were 64 price changes, of which only 1, or 1.56%, was an increase. The average original list price of price changes was $600,012; the average new price was $578,615, a difference of $21,397, meaning the average price change was -3.37%. Average days on market to price change was 56 days. 0.52% of all listings reduced their prices Friday.
Inventory in my target area fell to 12,036, while over 90s jumped, reaching 1,979, or 16.44%. A quick look back indicates that 90 days ago we had big listing days (March 8 was 326). 60 days ago we had some big listing days as well, so we may see a lot of expiries in the next day or two.