MARKET UPDATE (JANUARY 2022)

February 1, 2022 Kyle B. Janzen

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

New Listings:
#411 547 Yates Road - 2 Bed | 2 Bath
#114 563 Yates Road - 2 Bed | 2 Bath

Sold 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
#312 539 Yates Road - 2 Bed | 2 Bath
#302 533 Yates Road - 2 Bed | 2 Bath

In January, there were two new listings and six sales at The Verve, which is a 500% increase in sales compared to the one sale in January of the previous year.

Year to date, there have been a total of two new listings at The Verve, which represents a 60% decrease over the five new listings during the same time period last year. However, there have been a total of six sales, which represents a 500% increase compared to the one sale during the same time period last year.

The average price for a 1 bedroom, 1 bathroom unit moved to $374,167 which represents a 9.63% increase year-to-date and the average price for a 2 bedroom, 2 bathroom unit moved to $479,967, which represents a 14.07% 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 - $374,167 ( ↑ from $341,304 in 2021)
2 BED / 1 BATH - nil ( ↑/↓ from $0 in 2021)
2 BED / 2 BATH - $479,967 ( ↑ from $420,753 in 2021)
3 BED / 2 BATH - nil ( ↑/↓ from $0 in 2021)

MARKET INCREASE/DECREASE (YTD)

1 BED / 1 BATH - ↑ 9.63%
2 BED / 1 BATH - nil
2 BED / 2 BATH - ↑ 14.07%
3 BED / 2 BATH - nil

AVERAGE DAYS ON MARKET (YTD)

1 BED / 1 BATH - 35 ( ↓ from 18 Days in 2021)
2 BED / 1 BATH - nil ( ↑/↓ from nil days in 2021)
2 BED / 2 BATH - 37 ( ↓ from 21 Days in 2021)
3 BED / 2 BATH - nil ( ↑/↓ from nil days in 2021)

NUMBER OF UNITS SOLD (YTD)

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

SOLD INVENTORY (YTD)