1581 Balkwill Line

1581 Balkwill Line is a 2-bedroom 2-bathroom home listed for sale at $579,900, which is $68,100 (10.5%) lower than the average sold price of $648,000 in the last 30 days (September 21 - October 20). During the last 30 days the average sold price for a 2 bedroom home in Severn declined by $173,500 (21.1%) compared to the previous 30 day period (August 22 - September 20) and up $105,001 (19.3%) from the same time one year ago.There were 8 2-bedroom homes listed in Severn over the last 30 days (September 21 - October 20), which is down 0.0% compared with the previous 30 day period (August 22 - September 20) and down 0.0% compared with the same period last year.2-bedroom homes in Severn typically sold ($21,250) (3.3%) below asking price over the last 30 days (September 21 - October 20), which represents a $1,184 decrease compared to the previous 30 day period (August 22 - September 20) and ($14,667) less 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 2-bedroom homes in Severn over the last 30 days (September 21 - October 20) stood at 50.0%, up from 37.5% over the previous 30 days (August 22 - September 20) and up from 37.5% one year ago.An average time on the market for a 2-bedroom 2-bathroom home in Severn stood at 52 days when successfully sold over the last 30 days (September 21 - October 20), compared to 57 days before being removed from the market upon being suspended or terminated.