2364 South Orr Lake Rd

2364 South Orr Lake Rd is a 3-bedroom 4-bathroom home listed for sale at $3,499,900, which is $2,563,304 (273.7%) higher than the average sold price of $936,596 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Springwater declined by $496,586 (34.6%) compared to the previous 30 day period (March 15 - April 13) and down $92,237 (9.0%) from the same time one year ago.There were 41 3-bedroom homes listed in Springwater over the last 30 days (April 14 - May 13), which is up 57.7% compared with the previous 30 day period (March 15 - April 13) and up 28.1% compared with the same period last year.3-bedroom homes in Springwater typically sold ($14,366) (1.5%) below asking price over the last 30 days (April 14 - May 13), which represents a $31,545 increase compared to the previous 30 day period (March 15 - April 13) and ($21,233) more than the same period last year.Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Springwater over the last 30 days (April 14 - May 13) stood at 29.3%, down from 65.4% over the previous 30 days (March 15 - April 13) and down from 56.2% one year ago.An average time on the market for a 3-bedroom 4-bathroom home in Springwater stood at 20 days when successfully sold over the last 30 days (April 14 - May 13), compared to 62 days before being removed from the market upon being suspended or terminated.