There were 217 new listings Thursday and 181 sales, for a sell/list of 83.41%. Of the sales 26, or 14.36%, went over list. 11 of those were on the Westside. 4 were in East Van, 1 was in Richmond, 1 was in Port Coquitlam, 1 in Maple Ridge, 1 in Coquitlam, 3 in Burnaby, and 4 in the Fraser Valley.
Average list price of the sales was $583,415: average sales price was $568,362, a difference of $15,052, meaning the average sale went for 1.72% under list price. 14 properties went for list price. One property went for 15%($1,000,000) under list while the highest over list was 18% ($180,000) over. One property sold for $12.00 over list.
There were 17 million dollar plus properties sold, with 4 over $2 million and 1 of those over $7 million. Average days on market to sale was 37.
There were 87 price changes, of which 7, or 8.05%, were increases. The average original list price of price changes was $586,263; the average new price was $566,703, a difference of $19,560, meaning the average price change was -2.87%.
Inventory in my target area dropped to 11,997, while over 90s also dropped, reaching 2,054, a percentage of 17.12%.
0.67% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list dropped slightly, reaching 71.10%.