There were 285 new listings today and 171 sales, for a sell/list of 60%. Of the sales 28, or 16.37%, went over list. 13 of those were on the Westside. 5 were in East Van, 1 was in Richmond, 1 was in Port Coquitlam, 1 in New West, 4 in North Van, 1 in Coquitlam, 1 in Burnaby and 1 in Surrey.Average list price of the sales was $557,919, while the average sales price was $552,839, a difference of $5,079, meaning the average sale went for 1.22% under list price. 17 properties went for list price. One property went for 12%($3,900) under list while the highest over list was 18% ($267,000) over . Average days on market to sale was 34.
There were 10 million dollar plus properties sold with one over $2 million.
There were 128 price changes, of which 12, or 9.38%, were increases. The average original list price of price changes was $655,484; the average new price was $637,198, a difference of $18,286, meaning the average price change was -2.28%. Average days on market to price change was 53 days. 0.96% of all listings reduced their prices today.
Inventory in my target area remained at 12,141, while over 90s climbed to 2,065, or 17.01%. The 14 day rolling sell/list climbed to 68.30% today.
All commissions are negotiable, as we know, so there is no surefire way of identifying dicount brokerage sales. That said, of the 171 sales reported today, less than 2% were listed by identifiable discount brokerage houses. 95 of the 171 sales (55.55%) sold for within 2% of list price.