MARKET UPDATE (MARCH 2022)

Real Estate

Apr 1

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

New Listings:
#116 547 Yates Road - 1 Bed | 1 Bath
#101 567 Yates Road - 1 Bed | 1 Bath
#202 555 Yates Road - 1 Bed | 1 Bath
#300 571 Yates Road - 2 Bed | 1 Bath
#309 567 Yates Road - 2 Bed | 2 Bath
#202 533 Yates Road - 2 Bed | 2 Bath
#104 547 Yates Road - 2 Bed | 2 Bath
#303 547 Yates Road - 2 Bed | 2 Bath
#207 555 Yates Road - 2 Bed | 2 Bath

Sold Listings:
#301 539 Yates Road - 1 Bed | 1 Bath
#101 567 Yates Road - 1 Bed | 1 Bath
#309 567 Yates Road - 2 Bed | 2 Bath
#202 533 Yates Road - 2 Bed | 2 Bath
#104 547 Yates Road - 2 Bed | 2 Bath
#303 547 Yates Road - 2 Bed | 2 Bath
#109 539 Yates Road - 2 Bed | 2 Bath
#401 563 Yates Road - 2 Bed | 2 Bath
#207 555 Yates Road - 2 Bed | 2 Bath

In March, there were nine new listings and nine sales at The Verve, which is a 50.0% increase in sales compared to the six sales in March of the previous year.

Year to date, there have been a total of eighteen new listings at The Verve, which represents a 20% increase over the fifteen new listings during the same time period last year. However, there have been a total of twenty sales, which represents a 33.33% increase compared to the fifteen sales during the same time period last year.

The average price for a 1 bedroom, 1 bathroom unit moved to $379,067 which represents a 11.06% increase year-to-date and the average price for a 2 bedroom, 2 bathroom unit moved to $526,457, which represents a 25.12% 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 - $379,067 ( ↑ from $341,304 in 2021)
2 BED / 1 BATH - nil ( ↑/↓ from $0 in 2021)
2 BED / 2 BATH - $526,547 ( ↑ from $420,753 in 2021)
3 BED / 2 BATH - nil ( ↑/↓ from $0 in 2021)

MARKET INCREASE/DECREASE (YTD)

1 BED / 1 BATH - ↑ 11.06%
2 BED / 1 BATH - nil
2 BED / 2 BATH - ↑ 25.12%
3 BED / 2 BATH - nil

AVERAGE DAYS ON MARKET (YTD)

1 BED / 1 BATH - 26 ( ↓ from 18 Days in 2021)
2 BED / 1 BATH - nil ( ↑/↓ from nil days in 2021)
2 BED / 2 BATH - 19 ( ↓ from 21 Days in 2021)
3 BED / 2 BATH - nil ( ↑/↓ from nil days in 2021)

NUMBER OF UNITS SOLD (YTD)

1 BED / 1 BATH - 6 Units
2 BED / 1 BATH - 0 Units
2 BED / 2 BATH - 14 Units
3 BED / 2 BATH - 0 Units

SOLD INVENTORY (YTD)

Real EstateKelowna Real EstateCondos for SaleThe VerveThe Verve KelownaVerve Kelowna

Kyle B. Janzen