The bears are back! There were 330 new listings today and 153 sales, for a sell/list of 46.36%. Of the sales 14, or 9.15%, went over list. 4 of those were on the Westside. 2 were in East Van, 1 in Richmond, 2 in Port Coquitlam, 3 in North Van, and 2 in Surrey.
Average list price of the sales was $462,167, while the average sales price was $452,644, a difference of $9,524, meaning the average sale went for 2.04% under list price. 14 properties went for list price. One property went for 52%($350,000) under list while the highest over list was 6% ($84,000) over . (The bears have to love those numbers!) Average days on market to sale was 41.
There were 3 million dollar plus properties sold with none over $2 million.
There were 167 price changes, of which 13, or 7.78%, were increases. The average original list price of price changes was $608,302; the average new price was $589,302, a difference of $19,000, meaning the average price change was -2.94%. Average days on market to price change was 45 days. 1.27% of all listings reduced their prices today.
Inventory in my target area rose to 12,107 while over 90s also rose, reaching 2,110, or 17.43%. The 14 day rolling sell/list was 76.01%.