1581 Balkwill Line

1581 Balkwill Line is a 2-bedroom 2-bathroom home listed for sale at $579,900, which is $122,400 (26.8%) higher than the average sold price of $457,500 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom home in Severn declined by $190,500 (29.4%) compared to the previous 30 day period (September 21 - October 20) and down $85,000 (15.7%) from the same time one year ago.There were 9 2-bedroom homes listed in Severn over the last 30 days (October 21 - November 19), which is up 12.5% compared with the previous 30 day period (September 21 - October 20) and up 12.5% compared with the same period last year.2-bedroom homes in Severn typically sold ($24,675) (5.4%) below asking price over the last 30 days (October 21 - November 19), which represents a $3,425 decrease compared to the previous 30 day period (September 21 - October 20) and ($29,725) 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 2-bedroom homes in Severn over the last 30 days (October 21 - November 19) stood at 44.4%, down from 50.0% over the previous 30 days (September 21 - October 20) and down from 50.0% one year ago.An average time on the market for a 2-bedroom 2-bathroom home in Severn stood at 51 days when successfully sold over the last 30 days (October 21 - November 19), compared to 135 days before being removed from the market upon being suspended or terminated.