The bear run is over! There were 270 new listings Friday and 211 sales, for a sell/list of 78.15%. Of the sales 29, or 13.74%, went over list. 11 of those were on the Westside. 3 were in East Van, 1 in Port Moody, 5 in North Van, 3 in Maple Ridge, 1 in Coquitlam, 4 in Burnaby and 1 in Surrey.
Average list price of the sales was $552,888, while the average sales price was $541,206, a difference of $11,681, meaning the average sale went for 1.69% under list price. 27 properties went for list price. One property went for 17%($218,000) under list while the highest over list was 55% ($258,000) over . Average days on market to sale was 39.
There were 18 million dollar plus properties sold with four over $2 million.
There were 94 price changes, of which 6, or 6.38%, were increases. The average original list price of price changes was $701,165; the average new price was $666,057, a difference of $35,108, meaning the average price change was -2.79%. One property had its price reduced 25% (2,000,000), which increases the average price reduction (its a large piece of land in Maple Ridge). Average days on market to price change was 42 days. 0.71% of all listings reduced their prices Friday.
Inventory in my target area rose to 12,380 while over 90s also rose, reaching 2,151, or 17.37%. The 14 day rolling sell/list was 70.79%.