Springwater Real Estate Statistics

Springwater real estate average sold price in the last 30 days (October 21 - November 19) was $1,066,854, which is $16,761 (1.6%) lower than the average price of $1,083,615 in the previous 30 day period (September 21 - October 20), and $54,031 (5.1%) down from the same period 1 year ago ($1,120,885). Springwater real estate prices over the last 30 days are also $57,504 (5.4%) lower than the average selling price of $1,124,358 over the past year.

Springwater average sold price for homes was $1,090,195 in the last 30 days (October 21 - November 19), which is $6,580 (0.6%) up from the average home price of $1,083,615 in the previous 30 day period (September 21 - October 20), and $73,258 (6.7%) lower than the same period 1 year ago ($1,163,453). In the last 30 days Springwater the average home price was $42,810 (3.9%) lower than the average selling price of $1,133,005 over the last 12 months.

Average selling price for Springwater real estate was $1,066,854 in the last 30 days (October 21 - November 19), which is collectively $36,149 (3.0%) lower than the average asking price of $1,187,306. This represents a decline of $7,323 (25.4%) compared to $28,826 (2.5%) Sold-Under-Asking price from the previous 30 day period (September 21 - October 20).

The maximum Sold Over/Under Asking ratio in Springwater during the last 12 months was recorded in January, 2024 with an average of $91,441 over the asking price, while the minimum occurring in December, 2023 with $52,130 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Springwater was 40.7% with 24 properties sold and 67 new properties listed in the past 30 days (October 21 - November 19). This represents an increase from 38.8% recorded during the previous 30 day period (September 21 - October 20), and an increase from 20.6% compared to the same period one year ago.

Over the the last year the highest SNLR in Springwater was 76.5% recorded in December and the lowest was in January at 17.5%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 24 properties that were successfully sold in Springwater in the last 30 days (October 21 - November 19) was 43 days, which is 5 days more than 38 days average in the previous 30 day period (September 21 - October 20) and 15 days longer than during the same period a year ago (28 days).

There were 62 delisted properties in Springwater, those that got either Expired, Suspended or Terminated over the last 30 days (October 21 - November 19) with an average of 71 days on the market. This is 10 days longer than the average of 61 days during the previous 30 day period (September 21 - October 20) and 25 days more compared to the same period last year average of 46 days on the market.

62 Springwater properties that didn't sell stayed on the market 65.1% longer than 24 that sucessfully sold over the last 30 days - 43 days when sold vs 71 days when delisted respectively.

Average Days on the Market in Springwater over the past 12 months for properties that have sold was 34.0 days, with 62.8 days for those properties that did not sell.

59 new properties were listed on the market in Springwater in the last 30 days (October 21 - November 19). During the same time 24 properties were sold and 62 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 27 properties (or 45.8%).

During the previous 30 day period (September 21 - October 20) there were 67 new properties listed, 26 sold and 56 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was July with 94 new properties listed, the slowest - December with 17 new listings and a yearly average of 69 new listings per month.

There were a total of 58 homes listed during the last 30 days (October 21 - November 19), which is 98.3% of all properties listed in Springwater. This is a 10.8% decline compared with a previous 30 day period (September 21 - October 20) and 13.4% down from the same period a year ago. Over the past year an average of 68 homes are were listed per month.

1 condo units were listed in the last 30 days (October 21 - November 19) in Springwater, which represents 1.7% of all new listings. This is down 50.0% from the prior 30 day period (September 21 - October 20) and 0.0% less compared to the same period last year. There were 1 condos listed per month on average during the last 12 months.

There were a total of 23 homes sold during the last 30 days (October 21 - November 19), which is 95.8% of all properties sold in Springwater. This is a 11.5% decline compared with a previous 30 day period (September 21 - October 20) and 76.9% up from the same period a year ago. Over the past year an average of 22 homes are were sold per month.