Its been a busy week. One interesting thing was a well-priced listing we found on the Westside. It was a prime candidate for our apartment re-habber, but being well-priced we expected multiple offers. As a buyer that means you have to really do your numbers and commit to a firm ceiling price, and then take care of all the regular offer logisitics (financing, minutes, bylaws, inspection, etc) so that you can go in with few or no subjects. We offered 6% over list, but came in second. We’ll have to monitor what happens with the sale (and other comps) to see if we were smart to stand pat. (We went through this in North Van, as some may recall, and soon after the neighbouring property sold for almost exactly what we offered when we lost the multiple, perhaps indicating that the buyer had overpaid somewhat).
Anyway, Friday we had 170 new listings and 177 sales for a sell/list of 104.12% Inventory was 10,957, and over 90’s were 2,569, or 23.45%.
Thursday we had 225 new listings and 148 sales, for a sell/list of 65.77%.
Wednesday we had 209 new listings and 124 sales for a sell/list of 59.33%.