MARKET UPDATE (DECEMBER 2022)
Just your friendly neighbourhood Real Estate Agent wanting to bring you up to date on what’s happening at The Verve:
New Listings:
#117 533 Yates Road - 1 Bed | 1 Bath
#214 533 Yates Road - 2 Bed | 2 Bath
Sold Listings:
#214 567 Yates Road - 2 Bed | 2 Bath
In December, there were two new listings and one sale at The Verve, which is a 66.67% decrease compared to the three sales in December of the previous year.
Year to date, there have been a total of seventy-one new listings at The Verve, which represents a 1.43% increase over the seventy new listings during the same time period last year. There have been a total of forty-nine sales, which represents a 14.04% decrease compared to the fifty-seven sales during the same time period last year.
The average price for a 1 bedroom, 1 bathroom unit moved to $391,733 which represents a 14.78% increase year-to-date, and the average price for a 2 bedroom, 2 bathroom unit moved to $522,057, which represents a 24.08% increase year to date.
Below you will find market statistics for Average Price, Market Increase/Decrease, Average Days on Market, Number of Units Sold, and Sold Inventory.
If you have any questions, please do not hesitate to reach out.
Your Verve Specialist,
KYLE B. JANZEN, B.Comm
Personal Real Estate Corporation
Sage Executive Group Real Estate
t: (778) 215-2784
e: kylebjanzen@gmail.com
w: www.kylebjanzen.com
AVERAGE PRICE (YTD)
1 BED / 1 BATH - $391,733 ( ↑ from $341,304 in 2021)
2 BED / 1 BATH - $470,000 ( ↑/↓ from $0 in 2021)
2 BED / 2 BATH - $522,057 ( ↑ from $420,753 in 2021)
3 BED / 2 BATH - $500,000 ( ↑/↓ from $0 in 2021)
MARKET INCREASE/DECREASE (YTD)
1 BED / 1 BATH - ↑ 14.78%
2 BED / 1 BATH - nil
2 BED / 2 BATH - ↑ 24.26%
3 BED / 2 BATH - nil
AVERAGE DAYS ON MARKET (YTD)
1 BED / 1 BATH - 24 ( ↓ from 18 Days in 2021)
2 BED / 1 BATH - 45 ( ↑/↓ from nil days in 2021)
2 BED / 2 BATH - 23 ( ↓ from 21 Days in 2021)
3 BED / 2 BATH - 6 ( ↑/↓ from nil days in 2021)
NUMBER OF UNITS SOLD (YTD)
1 BED / 1 BATH - 17 Units
2 BED / 1 BATH - 1 Units
2 BED / 2 BATH - 29 Units
3 BED / 2 BATH - 1 Units
SOLD INVENTORY (YTD)
JANUARY
#300 547 Yates Road - 1 Bed | 1 Bath
#309 555 Yates Road - 1 Bed | 1 Bath
#305 563 Yates Road - 1 Bed | 1 Bath
#104 539 Yates Road - 2 Bed | 2 Bath
#312 539 Yates Road - 2 Bed | 2 Bath
#302 533 Yates Road - 2 Bed | 2 Bath
FEBRUARY
#210 555 Yates Road - 1 Bed | 1 Bath
#107 551 Yates Road - 2 Bed | 2 Bath
#411 547 Yates Road - 2 Bed | 2 Bath
#114 563 Yates Road - 2 Bed | 2 Bath
#207 571 Yates Road - 2 Bed | 2 Bath
MARCH
#301 539 Yates Road - 1 Bed | 1 Bath
#101 567 Yates Road - 1 Bed | 1 Bath
#309 567 Yates Road - 2 Bed | 2 Bath
#202 533 Yates Road - 2 Bed | 2 Bath
#104 547 Yates Road - 2 Bed | 2 Bath
#303 547 Yates Road - 2 Bed | 2 Bath
#109 539 Yates Road - 2 Bed | 2 Bath
#401 563 Yates Road - 2 Bed | 2 Bath
#207 555 Yates Road - 2 Bed | 2 Bath
APRIL
#116 547 Yates Road - 1 Bed | 1 Bath
#300 571 Yates Road - 1 Bed | 1 Bath
#104 563 Yates Road - 2 Bed | 2 Bath
#112 555 Yates Road - 2 Bed | 2 Bath
#202 555 Yates Road - 2 Bed | 2 Bath
MAY
#101 539 Yates Road - 1 Bed | 1 Bath
#207 533 Yates Road - 1 Bed | 1 Bath
#305 567 Yates Road - 2 Bed | 2 Bath
#409 567 Yates Road - 2 Bed | 2 Bath
#102 539 Yates Road - 2 Bed | 2 Bath
#405 551 Yates Road - 2 Bed | 2 Bath
JUNE
#312 567 Yates Road - 1 Bed | 1 Bath
#203 567 Yates Road - 2 Bed | 2 Bath
JULY
#105 547 Yates Road - 1 Bed | 1 Bath
#117 539 Yates Road - 1 Bed | 1 Bath
#411 567 Yates Road - 1 Bed | 1 Bath
#208 533 Yates Road - 2 Bed | 2 Bath
#214 555 Yates Road - 1 Bed | 1 Bath
AUGUST
#200 567 Yates Road - 1 Bed | 1 Bath
#107 533 Yates Road - 1 Bed | 1 Bath
#212 555 Yates Road - 2 Bed | 2 Bath
SEPTEMBER
#300 539 Yates Road - 1 Bed | 1 Bath
#403 551 Yates Road - 2 Bed | 2 Bath
OCTOBER
#316 533 Yates Road - 1 Bed | 1 Bath
#105 547 Yates Road - 2 Bed | 2 Bath
#115 539 Yates Road - 2 Bed | 2 Bath
NOVEMBER
#200 567 Yates Road - 1 Bed | 1 Bath
#202 547 Yates Road - 3 Bed | 2 Bath
DECEMBER
#214 567 Yates Road - 2 Bed | 2 Bath
