MARKET UPDATE (APRIL 2022)

Real Estate

May 1

Just your friendly neighbourhood Real Estate Agent wanting to bring you up to date on what’s happening at The Verve:

New Listings:
#101 539 Yates Road - 1 Bed | 1 Bath
#405 551 Yates Road - 2 Bed | 1 Bath
#409 567 Yates Road - 2 Bed | 2 Bath
#102 539 Yates Road - 2 Bed | 2 Bath
#104 563 Yates Road - 2 Bed | 2 Bath
#112 555 Yates Road - 2 Bed | 2 Bath

Sold Listings:
#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

In April, there were six new listings and five sales at The Verve, which is a 25.0% increase in sales compared to the four sales in April of the previous year.

Year to date, there have been a total of twenty-four new listings at The Verve, which represents a 9.09% increase over the twenty-two new listings during the same time period last year. There have been a total of twenty-five sales, which represents a 31.58% increase compared to the nineteen sales during the same time period last year.

The average price for a 1 bedroom, 1 bathroom unit moved to $379,629 which represents a 11.23% increase year-to-date, and the average price for a 2 bedroom, 2 bathroom unit moved to $526,494, which represents a 25.13% 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 - $379,629 ( ↑ from $341,304 in 2021)
2 BED / 1 BATH - $470,000 ( ↑/↓ from $0 in 2021)
2 BED / 2 BATH - $526,494 ( ↑ from $420,753 in 2021)
3 BED / 2 BATH - nil ( ↑/↓ from $0 in 2021)

MARKET INCREASE/DECREASE (YTD)

1 BED / 1 BATH - ↑ 11.23%
2 BED / 1 BATH - nil
2 BED / 2 BATH - ↑ 25.13%
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 - 18 ( ↓ from 21 Days in 2021)
3 BED / 2 BATH - nil ( ↑/↓ from nil days in 2021)

NUMBER OF UNITS SOLD (YTD)

1 BED / 1 BATH - 7 Units
2 BED / 1 BATH - 1 Units
2 BED / 2 BATH - 17 Units
3 BED / 2 BATH - 0 Units

SOLD INVENTORY (YTD)

Real EstateKelowna Real EstateCondos for SaleThe VerveThe Verve KelownaVerve Kelowna

Kyle B. Janzen