MARKET UPDATE (FEBRUARY 2024)
Just your friendly neighbourhood Real Estate Advisor wanting to bring you up to date on what’s happening at The Verve:
New Listings:
#408 567 Yates Road - 1 Bed | 1 Bath
#407 555 Yates Road - 2 Bed | 2 Bath
#203 563 Yates Road - 2 Bed | 2 Bath
#107 551 Yates Road - 2 Bed | 2 Bath
Sold Listings:
#106 563 Yates Road - 1 Bed | 1 Bath
#111 547 Yates Road - 2 Bed | 2 Bath
#317 567 Yates Road - 2 Bed | 2 Bath
The average sold price for a 1-bedroom, 1-bathroom unit was $415,000 which represents a 0.24% increase compared to the average sold price of $414,000 in February of the previous year. The average sold price for a 2-bedroom, 2-bathroom unit was $487,500; however, there were no 2-bedroom, 2-bathroom units to sell in February of the previous year.
Below you will find Year-to-Date market statistics for Average Price, Market Increase/Decrease, Average Days on Market, Number of Listings, 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
Associate Broker at Oakwyn Realty Ltd.
t: (778) 215-2784
e: kylebjanzen@gmail.com
w: www.kylebjanzen.com
AVERAGE PRICE (YTD)
1 BED / 1 BATH - $415,000 (↑ from $397, 663 in 2023)
2 BED / 1 BATH - nil (↑/↓ from $470,000 in 2023)
2 BED / 2 BATH - $487,500 (↑ from $464,884 in 2023)
3 BED / 2 BATH - nil (↑/↓ from $500,000 in 2023)
MARKET INCREASE/DECREASE (YTD)
1 BED / 1 BATH - ↑ 4.36%
2 BED / 1 BATH - nil
2 BED / 2 BATH - ↑ 4.86%
3 BED / 2 BATH - nil
AVERAGE DAYS ON MARKET (YTD)
1 BED / 1 BATH - 20 (↑ from 47 Days in 2023)
2 BED / 1 BATH - nil (↑/↓ from n/a days in 2023)
2 BED / 2 BATH - 155 (↓ from 44 Days in 2023)
3 BED / 2 BATH - nil (↑/↓ from n/a days in 2023)
NUMBER OF LISTINGS (YTD)
0 BED / 1 BATH - 0 Units (1 Listing in 2023)
1 BED / 1 BATH - 2 Units (19 Listings in 2023)
2 BED / 1 BATH - 0 Units (0 Listings in 2022)
2 BED / 2 BATH - 3 Units (24 Listings in 2023)
3 BED / 2 BATH - 0 Units (0 Listings in 2023)
NUMBER OF UNITS SOLD (YTD)
0 BED / 1 BATH - 0 Units (0 Units Sold in 2023)
1 BED / 1 BATH - 1 Units (8 Units Sold in 2023)
2 BED / 1 BATH - 0 Units (0 Unit Sold in 2023)
2 BED / 2 BATH - 2 Units (19 Units Sold in 2023)
3 BED / 2 BATH - 0 Units (0 Unit Sold in 2023)
SOLD INVENTORY (YTD)
JANUARY
nil
FEBRUARY
#106 563 Yates Road
#111 547 Yates Road
#217 567 Yates Road
