Springwater Real Estate Statistics

Springwater real estate average sold price in the last 30 days (March 24 - April 22) was $1,212,508, which is $124,791 (10.3%) higher than the average price of $1,087,717 in the previous 30 day period (February 23 - March 23), and $26,613 (2.2%) down from the same period 1 year ago ($1,239,121). Springwater real estate prices over the last 30 days are also $129,389 (10.7%) higher than the average selling price of $1,083,119 over the past year.

Springwater average sold price for homes was $1,212,508 in the last 30 days (March 24 - April 22), which is $100,008 (8.2%) up from the average home price of $1,112,500 in the previous 30 day period (February 23 - March 23), and $52,367 (4.3%) lower than the same period 1 year ago ($1,264,875). In the last 30 days Springwater the average home price was $120,563 (9.9%) higher than the average selling price of $1,091,945 over the last 12 months.

Average selling price for Springwater real estate was $1,212,508 in the last 30 days (March 24 - April 22), which is collectively $51,970 (3.8%) lower than the average asking price of $1,377,695. This represents a decline of $21,236 (69.1%) compared to $30,734 (2.3%) Sold-Under-Asking price from the previous 30 day period (February 23 - March 23).

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 September, 2023 with $57,081 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 40.0% with 30 properties sold and 68 new properties listed in the past 30 days (March 24 - April 22). This represents an increase from 33.8% recorded during the previous 30 day period (February 23 - March 23), and a decrease from 49.3% compared to the same period one year ago.

Over the the last year the highest SNLR in Springwater was 3,855.6% recorded in July 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 30 properties that were successfully sold in Springwater in the last 30 days (March 24 - April 22) was 18 days, which is 9 days less than 27 days average in the previous 30 day period (February 23 - March 23) and 24 days shorter than during the same period a year ago (42 days).

There were 62 delisted properties in Springwater, those that got either Expired, Suspended or Terminated over the last 30 days (March 24 - April 22) with an average of 62 days on the market. This is 1 days longer than the average of 61 days during the previous 30 day period (February 23 - March 23) and 20 days more compared to the same period last year average of 42 days on the market.

62 Springwater properties that didn't sell stayed on the market 244.4% longer than 30 that sucessfully sold over the last 30 days - 18 days when sold vs 62 days when delisted respectively.

Average Days on the Market in Springwater over the past 12 months for properties that have sold was 35.7 days, with 48.6 days for those properties that did not sell.

75 new properties were listed on the market in Springwater in the last 30 days (March 24 - April 22). During the same time 30 properties were sold and 62 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 17 properties (or 22.7%).

During the previous 30 day period (February 23 - March 23) there were 68 new properties listed, 23 sold and 39 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was August with 82 new properties listed, the slowest - December with 17 new listings and a yearly average of 65 new listings per month.

There were a total of 74 homes listed during the last 30 days (March 24 - April 22), which is 98.7% of all properties listed in Springwater. This is a 8.8% increase compared with a previous 30 day period (February 23 - March 23) and 10.4% up from the same period a year ago. Over the past year an average of 64 homes are were listed per month.

There were a total of 30 homes sold during the last 30 days (March 24 - April 22), which is 100.0% of all properties sold in Springwater. This is a 36.4% increase compared with a previous 30 day period (February 23 - March 23) and 6.2% down from the same period a year ago. Over the past year an average of 283 homes are were sold per month.