MARKET UPDATE (JUNE 2022)

Real Estate

Jul 1

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

New Listings:
#117 539 Yates Road - 1 Bed | 1 Bath
#411 567 Yates Road - 1 Bed | 1 Bath
#312 567 Yates Road - 1 Bed | 1 Bath
#408 539 Yates Road - 2 Bed | 2 Bath
#212 563 Yates Road - 2 Bed | 2 Bath
#412 547 Yates Road - 2 Bed | 2 Bath
#407 563 Yates Road - 2 Bed | 2 Bath
#208 533 Yates Road - 2 Bed | 2 Bath
#115 539 Yates Road - 2 Bed | 2 Bath
#403 551 Yates Road - 2 Bed | 2 Bath
#214 555 Yates Road - 2 Bed | 2 Bath
#203 567 Yates Road - 2 Bed | 2 Bath

Sold Listings:
#312 567 Yates Road - 1 Bed | 1 Bath
#203 567 Yates Road - 2 Bed | 2 Bath

In June, there were twelve new listings and two sales at The Verve, which is a 66.67% decrease in sales compared to the six sales in June of the previous year.

Year to date, there have been a total of thirty-nine new listings at The Verve, which represents a 0% increase/decrease over the thirty-nine new listings during the same time period last year. There have been a total of thirty-three sales, which represents a 2.94% decrease compared to the thirty-four sales during the same time period last year.

The average price for a 1 bedroom, 1 bathroom unit moved to $387,230 which represents a 13.45% increase year-to-date, and the average price for a 2 bedroom, 2 bathroom unit moved to $530,314, which represents a 26.03% 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 - $387,230 ( ↑ from $341,304 in 2021)
2 BED / 1 BATH - $470,000 ( ↑/↓ from $0 in 2021)
2 BED / 2 BATH - $530,314 ( ↑ from $420,753 in 2021)
3 BED / 2 BATH - nil ( ↑/↓ from $0 in 2021)

MARKET INCREASE/DECREASE (YTD)

1 BED / 1 BATH - ↑ 13.45%
2 BED / 1 BATH - nil
2 BED / 2 BATH - ↑ 26.03%
3 BED / 2 BATH - nil

AVERAGE DAYS ON MARKET (YTD)

1 BED / 1 BATH - 21 ( ↓ from 18 Days in 2021)
2 BED / 1 BATH - 45 ( ↑/↓ from nil days in 2021)
2 BED / 2 BATH - 17 ( ↓ from 21 Days in 2021)
3 BED / 2 BATH - nil ( ↑/↓ from nil days in 2021)

NUMBER OF UNITS SOLD (YTD)

1 BED / 1 BATH - 10 Units
2 BED / 1 BATH - 1 Units
2 BED / 2 BATH - 22 Units
3 BED / 2 BATH - 0 Units

SOLD INVENTORY (YTD)

Real EstateKelowna Real EstateCondos for SaleThe VerveThe Verve KelownaVerve Kelowna

Kyle B. Janzen