There were 226 new listings Wednesday and 233 sales, for a sell/list of 103.10%. Of the sales 28, or 12.02%, went over list. 10 of those were on the Westside. 3 were in East Van, 1 was in Richmond, 2 were in Port Coquitlam and 2 were in Port Moody, 1 in Maple Ridge, 1 in North Van, 4 Coquitlam, 3 in Burnaby, and 1 in the Fraser Valley.
Average list price of the sales was $543,427: average sales price was $530,337, a difference of $13,091, meaning the average sale went for 1.60% under list price. 25 properties went for list price. One property went for 12%($700,000) under list while the highest over list was 17% ($78,000) over.
There were 18 million dollar plus properties sold, with 3 over $2 million. Average days on market to sale was 35.
There were 95 price changes, of which 5, or 5.26%, were increases. The average original list price of price changes was $568,613; the average new price was $552,857, a difference of $15,756, meaning the average price change was -2.54%.
Inventory in my target area dropped to 12,095, while over 90s rose again, reaching 2,106, a percentage of 17.41%.
0.74% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list continued to recover, reaching 71.20%.