MARKET UPDATE (JANUARY 2021)

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

New Listings:
#400 563 Yates Road - 1 Bed | 1 Bath
#408 567 Yates Road - 1 Bed | 1 Bath
#304 547 Yates Road - 2 Bed | 2 Bath
#215 539 Yates Road - 2 Bed | 2 Bath
#108 567 Yates Road - 1 Bed | 1 Bath

Sold Listings:
#407 547 Yates Road - 2 Bed | 2 Bath

In January, there was five new listing and one sale at The Verve, which represents a 0% change in new listings and a 75% decrease in sales compared to January of the previous year. The average price for a 2 bedroom, 2 bathroom unit moved to $335,000, which represents a 2.97% decrease 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
Real Estate Agent
t: (778) 215-2784
e: kylebjanzen@gmail.com
w: www.kylebjanzen.com

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AVERAGE PRICE (YTD)

1 BED / 1 BATH - nil ( ↑/↓ from $269,333 in 2020)
2 BED / 1 BATH - nil ( ↑/↓ from $318,250 in 2020)
2 BED / 2 BATH - $335,000 ( ↓ from $345,242 in 2020)
3 BED / 2 BATH - nil ( ↑/↓ from $393,500 in 2020)

MARKET INCREASE/DECREASE (YTD)

1 BED / 1 BATH - nil
2 BED / 1 BATH - nil
2 BED / 2 BATH - ↓ 2.97%
3 BED / 2 BATH - nil

AVERAGE DAYS ON MARKET (YTD)

1 BED / 1 BATH - nil ( ↑/↓from 54 Days in 2020)
2 BED / 1 BATH - nil ( ↑/↓ from 73 days in 2020)
2 BED / 2 BATH - 47 ( ↓ from 41 Days in 2020)
3 BED / 2 BATH - nil ( ↑/↓ from 95 days in 2020)

NUMBER OF UNITS SOLD (YTD)

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

SOLD INVENTORY (YTD)

JANUARY
#407 547 Yates Road - 2 Bed | 2 Bath