There were 255 new listings today and 265 sales, for a sell/list of 103.92%. Of the sales 31, or 11.70%, went over list. 9 of those were on the Westside. 7 were in East Van, 2 were in Port Coquitlam, 4 in North Van, 2 in Maple Ridge, 2 in Coquitlam and 5 in Burnaby.
Average list price of the sales was $553,957, while the average sales price was $543,924, a difference of $10,033, meaning the average sale went for 1.68% under list price. 22 properties went for list price. One property went for 12%($41,000) under list while the highest over list was 11% ($132,000) over . Average days on market to sale was 38.
There were 26 million dollar plus properties sold with three over $2 million.
There were 165 price changes, of which 47, or 28.48%, were increases (more increases than over-lists). The average original list price of price changes was $635,801; the average new price was $634,573, a difference of $1,228, meaning the average price change was -1.73%. One property had its price reduced 29% ($100,000) while another had its price increased $708,000(22%). Average days on market to price change was 53 days. One property has been on the market 528 days (yes, its the one with the big increase!) 0.96% of all listings reduced their prices today.
Inventory in my target area dropped to 12,343 while over 90s rose, reaching 2,188, or 17.73%. The 14 day rolling sell/list continued to climb, reaching 73.92%.