Springwater Real Estate Statistics

Springwater real estate average sold price in the last 30 days (January 21 - February 19) was $1,059,437, which is $160,263 (15.1%) lower than the average price of $1,219,700 in the previous 30 day period (December 22 - January 20), and $110,168 (10.4%) down from the same period 1 year ago ($1,169,605). Springwater real estate prices over the last 30 days are also $26,653 (2.5%) lower than the average selling price of $1,086,090 over the past year.

Springwater average sold price for homes was $1,059,437 in the last 30 days (January 21 - February 19), which is $160,263 (15.1%) down from the average home price of $1,219,700 in the previous 30 day period (December 22 - January 20), and $110,168 (10.4%) lower than the same period 1 year ago ($1,169,605). In the last 30 days Springwater the average home price was $32,563 (3.1%) lower than the average selling price of $1,092,000 over the last 12 months.

Average selling price for Springwater real estate was $1,059,437 in the last 30 days (January 21 - February 19), which is collectively $4,693 (0.4%) lower than the average asking price of $1,253,516. This represents an increase of $42,357 (90.0%) compared to $47,050 (3.9%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Springwater during the last 12 months was recorded in December, 2024 with an average of $9,973 under the asking price, while the minimum occurring in June, 2024 with $43,740 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 25.0% with 16 properties sold and 42 new properties listed in the past 30 days (January 21 - February 19). This represents an increase from 23.8% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 29.2% compared to the same period one year ago.

Over the the last year the highest SNLR in Springwater was 170.0% recorded in December and the lowest was in January at 13.6%. 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 16 properties that were successfully sold in Springwater in the last 30 days (January 21 - February 19) was 52 days, which is 10 days less than 62 days average in the previous 30 day period (December 22 - January 20) and 5 days longer than during the same period a year ago (47 days).

There were 41 delisted properties in Springwater, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 58 days on the market. This is 48 days shorter than the average of 106 days during the previous 30 day period (December 22 - January 20) and 8 days less compared to the same period last year average of 66 days on the market.

41 Springwater properties that didn't sell stayed on the market 11.5% longer than 16 that sucessfully sold over the last 30 days - 52 days when sold vs 58 days when delisted respectively.

Average Days on the Market in Springwater over the past 12 months for properties that have sold was 34.5 days, with 67.7 days for those properties that did not sell.

64 new properties were listed on the market in Springwater in the last 30 days (January 21 - February 19). During the same time 16 properties were sold and 41 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 7 properties (or 10.9%).

During the previous 30 day period (December 22 - January 20) there were 42 new properties listed, 10 sold and 44 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 20 new listings and a yearly average of 71 new listings per month.

There were a total of 63 homes listed during the last 30 days (January 21 - February 19), which is 98.4% of all properties listed in Springwater. This is a 50.0% increase compared with a previous 30 day period (December 22 - January 20) and 1.6% down from the same period a year ago. Over the past year an average of 70 homes are were listed per month.

There were a total of 16 homes sold during the last 30 days (January 21 - February 19), which is 100.0% of all properties sold in Springwater. This is a 60.0% increase compared with a previous 30 day period (December 22 - January 20) and 15.8% down from the same period a year ago. Over the past year an average of 25 homes are were sold per month.