MARKET UPDATE (JUNE 2020)
Just your friendly neighbourhood REALTOR® wanting to bring you up to date on what’s happening at The Verve:
New Listings: #312 555 Yates Road (2 bedroom, 2 bathroom)
#306 571 Yates Road (2 bedroom, 2 bathroom)
#208 563 Yates Road (2 bedroom, 2 bathroom)
#405 533 Yates Road (2 bedroom, 2 bathroom)
Sold Listings: #304 563 Yates Road (2 bedroom, 2 bathroom)
#102 551 Yates Road (2 bedroom, 2 bathroom)
#308 533 Yates Road (2 bedroom, 2 bathroom)
#403 563 Yates Road (2 bedroom, 2 bathroom)
#215 533 Yates Road (2 bedroom, 2 bathroom)
#405 533 Yates Road (2 bedroom, 2 bathroom)
#114 533 Yates Road ( 2 bedroom, 2 bathroom)
In June, there were four new listings and seven sales at The Verve, which represents a 133% increase in sales from the three sales during June of the previous year.
Year to date, there have been a total of twenty-five new listings at The Verve, which represents the same amount in new listings compared to the same time period last year. There have been a total of twenty sales, which is up 42% compared to the eleven sales during the same time period last year.
The average price for a 1 bedroom, 1 bathroom unit remained at $267,500 which represents a 1.97% decrease year-to-date and the average price for a 2 bedroom, 2 bathroom unit decreased to $336,400, which represents a 2.41% decrease year to date. The average price for a 3 bedroom, 2 bathroom unit remained at $372,000, which represents a 9.27% decrease from the last one that sold for $410,000 in July of 2018.
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
t: (778) 215-2784
e: kylebjanzen@gmail.com
w: www.kylebjanzen.com
AVERAGE PRICE (YTD)
1 BED / 1 BATH - $267,500 ( ↓ from $272,871 in 2019)
2 BED / 2 BATH - $336,400 ( ↓ from $344,714 in 2019)
3 BED / 2 BATH - $372,000 (n/a)
MARKET INCREASE/DECREASE (YTD)
1 BED / 1 BATH - ↓ 1.97%
2 BED / 2 BATH - ↓ 2.41%
3 BED / 2 BATH - n/a
AVERAGE DAYS ON MARKET (YTD)
1 BED / 1 BATH - 47 Days ( ↓ from 38 Days in 2019)
2 BED / 2 BATH - 58 Days ( ↑ from 59 Days in 2019)
3 BED / 2 BATH - 166 Days (n/a)
NUMBER OF UNITS SOLD (YTD)
1 BED / 1 BATH - 6 Units
2 BED / 1 BATH - 2 Units
2 BED / 2 BATH - 11 Units
3 BED / 2 BATH - 1 Units
SOLD INVENTORY (YTD)
#115 547 Yates Road - 1 Bed, 1 Bath - January
#304 551 Yates Road - 2 Bed, 1 Bath - January
#408 563 Yates Road - 2 Bed, 2 Bath - January
#107 551 Yates Road - 2 Bed, 2 Bath - January
#301 547 Yates Road - 3 Bed, 2 Bath - February
#414 563 Yates Road - 2 Bed, 2 Bath - February
#300 547 Yates Road - 1 Bed, 1 Bath - March
#301 539 Yates Road - 1 Bed, 1 Bath - March
#110 55 Yates Road - 1 Bed, 1 Bath - April
#309 547 Yates Road - 1 Bed, 1 Bath - May
#208 567 Yates Road - 1 Bed, 1 Bath - May
#303 563 Yates Road - 2 Bed, 2 Bath - May
#400 571 Yates Road - 2 Bed, 1 Bath - May
#304 563 Yates Road - 2 Bedroom, 2 Bath - June
#102 551 Yates Road - 2 Bedroom, 2 Bath - June
#308 533 Yates Road - 2 bedroom, 2 Bath - June
#403 563 Yates Road - 2 Bedroom, 2 Bath - June
#215 533 Yates Road - 2 Bedroom, 2 Bath - June
#405 533 Yates Road - 2 Bedroom, 2 Bath - June
#114 533 Yates Road - 2 Bedroom, 2 Bath - June
