MARKET UPDATE (OCTOBER 2023)
Just your friendly neighbourhood Real Estate Advisor wanting to bring you up to date on what’s happening at The Verve:
New Listings:
#306 539 Yates Road - 1 Bed | 1 Bath
#401 533 Yates Road - 1 Bed | 1 Bath
Sold Listings:
#116 539 Yates Road - 1 Bed | 1 Bath
In October, there were two new listings, which represents a 50.00% decrease compared to the four listings in October of the previous year. There was one sale, which represents a 66.67% decrease compared to the three sales in October of the previous year.
The average sold price for a 1-bedroom, 1-bathroom unit was $417,900, which represents a 5.00% increase compared to the average sold price of $398,000 in October of the previous year. There were no 2-bedroom, 2-bathroom units to sell in October; however, the average sale price for a 2-bedroom, 2-bathroom unit was $476,000 in October 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 - $397,663 (↑ from $391,733 in 2022)
2 BED / 1 BATH - nil (↑/↓ from $470,000 in 2022)
2 BED / 2 BATH - $468,694 (↓ from $522,057 in 2022)
3 BED / 2 BATH - nil (↑/↓ from $500,000 in 2022)
MARKET INCREASE/DECREASE (YTD)
1 BED / 1 BATH - ↑ 1.51%
2 BED / 1 BATH - nil
2 BED / 2 BATH - ↓ 10.22%
3 BED / 2 BATH - nil
AVERAGE DAYS ON MARKET (YTD)
1 BED / 1 BATH - 47 (↑ from 24 Days in 2022)
2 BED / 1 BATH - nil (↑/↓ from 45 days in 2022)
2 BED / 2 BATH - 42 (↑ from 23 Days in 2022)
3 BED / 2 BATH - nil (↑/↓ from 6 days in 2022)
NUMBER OF LISTINGS (YTD)
0 BED / 1 BATH - 0 Units (1 Listing in 2022)
1 BED / 1 BATH - 16 Units (22 Listings in 2022)
2 BED / 1 BATH - 0 Units (1 Listings in 2022)
2 BED / 2 BATH - 22 Units (44 Listings in 2022)
3 BED / 2 BATH - 0 Units (3 Listings in 2022)
NUMBER OF UNITS SOLD (YTD)
0 BED / 1 BATH - 0 Units (0 Units Sold in 2022)
1 BED / 1 BATH - 8 Units (17 Units Sold in 2022)
2 BED / 1 BATH - 0 Units (1 Unit Sold in 2022)
2 BED / 2 BATH - 17 Units (29 Units Sold in 2022)
3 BED / 2 BATH - 0 Units (1 Unit Sold in 2022)
SOLD INVENTORY (YTD)
JANUARY
#207 567 Yates Road - 1 Bed | 1 Bath
#104 533 Yates Road - 2 Bed | 2 Bath
FEBRUARY
#117 533 Yates Road - 1 Bed | 1 Bath
MARCH
#106 563 Yates Road - 1 Bed | 1 Bath
#204 539 Yates Road - 2 Bed | 2 Bath
#402 539 Yates Road - 2 Bed | 2 Bath
#214 533 Yates Road - 2 Bed | 2 Bath
#307 555 Yates Road - 2 Bed | 2 Bath
APRIL
#300 539 Yates Road - 1 Bed | 1 Bath
#301 555 Yates Road - 2 Bed | 2 Bath
#402 555 Yates Road - 2 Bed | 2 Bath
#412 547 Yates Road - 2 Bed | 2 Bath
MAY
#208 547 Yates Road - 2 Bed | 2 Bath
#212 563 Yates Road - 2 Bed | 2 Bath
#407 555 Yates Road - 2 Bed | 2 Bath
JUNE
#407 533 Yates Road - 1 Bed | 1 Bath
#107 555 Yates Road - 2 Bed | 2 Bath
#407 563 Yates Road - 2 Bed | 2 Bath
JULY
#201 539 Yates Road - 1 Bed | 1 Bath
#105 555 Yates Road - 1 Bed | 1 Bath
#415 563 Yates Road - 2 Bed | 2 Bath
AUGUST
#211 555 Yates Road - 2 Bed | 2 Bath
#411 555 Yates Road - 2 Bed | 2 Bath
SEPTEMBER
#311 547 Yates Road - 2 Bed | 2 Bath
OCTOBER
#116 539 Yates Road - 1 Bed | 1 Bath
