MARKET UPDATE (DECEMBER 2021)

Real Estate

Jan 1

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

New Listings:
#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
#302 533 Yates Road - 2 Bed | 2 Bath

Sold Listings:
#311 567 Yates Road - 1 Bed | 1 Bath
#206 571 Yates Road - 2 Bed | 2 Bath
#204 539 Yates Road - 2 Bed | 2 Bath

In December, there were five new listing and three sales at The Verve, which is a 200% increase in sales compared to the one sale in December of the previous year.

Year to date, there have been a total of seventy new listings at The Verve, which represents a 48.94% increase over the forty-seven listings during the same time period last year. However, there have been a total of fifty-seven sales, which represents a 42.50% increase compared to the forty sales during the same time period last year.

The average price for a 1 bedroom, 1 bathroom unit moved to $341,304 which represents a 26.72% increase year-to-date and the average price for a 2 bedroom, 2 bathroom unit moved to $420,753, which represents a 21.87% 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 - $341,304 ( ↑ from $269,333 in 2020)
2 BED / 1 BATH - nil ( ↑/↓ from $318,250 in 2020)
2 BED / 2 BATH - $420,753 ( ↑ from $345,242 in 2020)
3 BED / 2 BATH - nil ( ↑/↓ from $393,500 in 2020)

MARKET INCREASE/DECREASE (YTD)

1 BED / 1 BATH - ↑ 26.72%
2 BED / 1 BATH - nil
2 BED / 2 BATH - ↑ 21.87%
3 BED / 2 BATH - nil

AVERAGE DAYS ON MARKET (YTD)

1 BED / 1 BATH - 18 ( ↑ from 54 Days in 2020)
2 BED / 1 BATH - nil ( ↑/↓ from 73 days in 2020)
2 BED / 2 BATH - 21 ( ↑ from 41 Days in 2020)
3 BED / 2 BATH - nil ( ↑/↓ from 95 days in 2020)

NUMBER OF UNITS SOLD (YTD)

1 BED / 1 BATH - 24 Units
2 BED / 1 BATH - 0 Units
2 BED / 2 BATH - 34 Units
3 BED / 2 BATH - 0 Units

SOLD INVENTORY (YTD)

Real EstateKelowna Real EstateCondos for SaleThe VerveThe Verve KelownaVerve Kelowna

Kyle B. Janzen