There were 231 new listings Thursday and 252 sales, for a sell/list of 109.09%. Of the sales 40, or 15.87%, went over list. 14 of those were on the Westside. 10 were in East Van, 4 were in Richmond, 1 was in Port Coquitlam, 5 in North Van, 2 in Coquitlam, 2 in Burnaby, and 2 in Surrey.
Average list price of the over list sales was $650,055, and 16 days on the market, while average list price of all sales was $552,692, with 32 days on market; average sales price of all over list sales was $633,750, (a difference of $16,305, or +2.58% over list), while average sales price of all listings was $540,564, a difference of $12,129, meaning the average sale went for 1.78% under list price. 28 properties went for list price. One property went for 55%($438,000) under list while the highest over list was 11% ($81,000) over. There were 15 million dollar plus properties sold, with 1 over $2 million. Again, average days on market to sale was 32.
There were 80 price changes, of which 6, or 7.50%, were increases. The average original list price of price changes was $679,457; the average new price was $656,764, a difference of $22,692, meaning the average price change was -2.95%.
Inventory in my target area dropped to 11,822, while over 90s dropped, reaching 2,222, a percentage of 18.80%.
0.63% of all active listings in my target area had their prices reduced Thursday.