There were 233 new listings today and 296 sales, for a sell/list of 127.04%. Of the sales 44, or 14.86%, went over list. 9 of those were on the Westside. 6 were in East Van, 2 were in Richmond, 1 was in Port Coquitlam, 2 in Port Moody, 1 in New West, 7 in North Van, 4 in Maple Ridge, 2 in Coquitlam, 9 in Burnaby, and 1 in Surrey.
Average list price of the sales was $564,876: average sales price was $555,689, a difference of $9,187, meaning the average sale went for 1.36% under list price. 46 properties went for list price. One property went for 12%($230,000) under list while the highest over list was 17% ($167,000) over. There were 23 million dollar plus properties sold, with 6 over $2 million. Average days on market to sale was 32.
There were 72 price changes, of which 8, or 11.11%, were increases. The average original list price of price changes was $594,755; the average new price was $577,708, a difference of $17,047, meaning the average price change was -2.39%.
Inventory in my target area dropped to 11,903, while over 90s rose, reaching 2,274, a percentage of 19.10%.
0.54% of all active listings in my target area had their prices reduced today.