There were 256 new listings today and 214 sales, for a sell/list of 83.59%. Of the sales 33, or 15.42%, went over list. 12 of those were on the Westside. 6 were in East Van, 4 were in Richmond, 1 in Port Coquitlam, 1 in Port Moody, 1 in New West, 2 in North Van, 1 in Coquitlam and 5 in Burnaby.
Average list price of the sales was $538,767, while the average sales price was $531,551, a difference of $7,216, meaning the average sale went for 1.67% under list price. 20 properties went for list price. One property went for 14%($65,000) under list while the highest over list was 14% ($117,000) over . Average days on market to sale was 29 (yes, twenty-nine).
There were 11 million dollar plus properties sold with one over $2 million.
There were 109 price changes, of which 13, or 11.93%, were increases. The average original list price of price changes was $607,126; the average new price was $589,074, a difference of $18,052, meaning the average price change was -2.51%. Average days on market to price change was 50 days. 0.78% of all listings reduced their prices today.
Inventory in my target area dropped to 12,374 while over 90s also dropped, reaching 2,130, or 17.21%. The 14 day rolling sell/list is on the way back up, reaching 71.02%.