There were 198 new listings Friday and 192 sales, for a sell/list of 96.97%. Of the sales 30, or 15.63%, went over list. 10 of those were on the Westside. 10 were in East Van, 1 was in Richmond, 3 were in Port Coquitlam, 1 in North Van, 2 in Coquitlam, 1 in Burnaby, and 2 in Surrey.
Average list price of the sales was $561,971: average sales price was $549,253, a difference of $12,717, meaning the average sale went for 1.41% under list price. 20 properties went for list price. One property went for 10%($980,000) under list while the highest over list was 15% ($130,000) over. There were 8 million dollar plus properties sold, with 8 over $2 million and 2 of those over $7 million. Average days on market to sale was 40.
There were 82 price changes, of which 13, or 15.85%, were increases. The average original list price of price changes was $607,301; the average new price was $590,533, a difference of $16,768, meaning the average price change was -2.31%.
Inventory in my target area rose to 12,036, while over 90s also rose, reaching 2,089, a percentage of 17.36%.
0.57% of all active listings in my target area had their prices reduced today. The 14 day rolling sell/list rose, reaching 72.32%.