There were 219 new listings today and 166 sales, for a sell/list of 75.80%. Of the sales 18, or 10.84%, went over list. 5 of those were on the Westside. 2 were in East Van, 2 were in Richmond, 1 in Port Coquitlam, 7 in North Van, 1 in Coquitlam and 1 in Burnaby.
Average list price of the sales was $537,136, while the average sales price was $529,245, a difference of $7,891, meaning the average sale went for 1.37% under list price. 25 properties went for list price. One property went for 9%($119,000) under list while the highest over list was 13% ($150,000) over . Average days on market to sale was 37.
There were 13 million dollar plus properties sold with two over $2 million.
There were 93 price changes, of which 7, or 7.53%, were increases. The average original list price of price changes was $640,518; the average new price was $612,178, a difference of $28,339, meaning the average price change was -2.51%. One property had its price reduced 40% ($999,900) while another had its price increased $2.00 (to a list pric ending in 8)! Average days on market to price change was 50 days. 0.69% of all listings reduced their prices today.
Inventory in my target area stayed at 12,410 while over 90s dropped, reaching 2,178, or 17.55%. The 14 day rolling sell/list continued to climb, reaching 71.47%.