There were 222 new listings today and 186 sales, for a sell/list of 83.78%. Of the sales 26, or 13.98%, went over list. 6 of those were on the Westside. 4 were in East Van, 1 was in Richmond, 1 in Port Coquitlam, 1 in Port Moody, 1 in New West, 2 in North Van, 4 in Maple Ridge, 1 in Coquitlam, 4 in Burnaby and 1 in Surrey.
Average list price of the sales was $484,607, while the average sales price was $475,483, a difference of $9,124, meaning the average sale went for 1.77% under list price. 24 properties went for list price. One property went for 17%($64,000) under list while the highest over list was 7% ($20,000) over . Average days on market to sale was 37.
There were 7 million dollar plus properties sold with none over $2 million.
There were 160 price changes, of which 17, or 10.63%, were increases. The average original list price of price changes was $588,550; the average new price was $571,751, a difference of $16,799, meaning the average price change was -2.83%. Average days on market to price change was 48 days. 1.19% of all listings reduced their prices today (its been a long time since we broke 1% on that metric).
Inventory in my target area dropped to 11,989, while over 90s climbed, reaching 1,999, or 16.67%.