23 Observatory Lane 94

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23 Observatory Lane 94, Richmond Hill
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2
BEDROOMS
2
BATHROOMS
1
KITCHENS
4
ROOMS
N3634398
MLSID
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Property Description
Beautifully Maintained & Updated End Unit Townhouse In High Demand Area Of Central Richmond Hill! One Of The Largest 2Bed 2Bath Units, Feels Like A Semi! 9Ft Ceilings & Spacious Living Space With Walk-Out To Deck. Thousands Spent In Recent Upgrades & Reno! Including New Quartz Countertop & Under Mount Sink In Kitchen, Dark Stained Hardwood Thru-Out & Gorgeous Stairs With Wrought Iron Pickets! Freshly Painted. Steps To Hillcrest Mall, Transit, Schools & More!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-06-15 2022-06-20 5 $2,750 $2,750 Leased
2022-05-12 2022-05-16 4 $699,900 $825,000 Sold
Extras
All Existing Appliances: Fridge, Stove, B/I Dishwasher, Microwave Range Hood. *Washer & Dryer Are Negotiable* All Window Coverings, All Elfs, Gb&E, Gdo & Remote
Property Features
Park, Public Transit
Property Details
Community
Property Type
Condo Townhouse, 2-Storey
Approximate Sq.Ft.
1200-1399
Taxes
$2,918 (2016)
Basement
Part Bsmt, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
2
Parking 1
Exclusive
Garage Type
Built-In
Richmond Hill Market Statistics
Richmond Hill Price Trend
23 Observatory Lane 94 is a 2-bedroom 2-bathroom townhome listed for sale at $528,800, which is $196,200 (27.1%) lower than the average sold price of $725,000 in the last 30 days (March 24 - April 22). During the last 30 days the average sold price for a 2 bedroom townhome in Richmond Hill declined by $105,500 (12.7%) compared to the previous 30 day period (February 23 - March 23) and down $251,166 (25.7%) from the same time one year ago.
Inventory Change
There were 12 2-bedroom townhomes listed in Richmond Hill over the last 30 days (March 24 - April 22), which is down 14.3% compared with the previous 30 day period (February 23 - March 23) and up 140.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom townhomes in Richmond Hill typically sold ($14,000) (1.9%) below asking price over the last 30 days (March 24 - April 22), which represents a $14,444 increase compared to the previous 30 day period (February 23 - March 23) and $136,233 less than the same period last year.
Sales to New Listings Ratio
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 townhomes in Richmond Hill over the last 30 days (March 24 - April 22) stood at 41.7%, up from 14.3% over the previous 30 days (February 23 - March 23) and down from 60.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom townhome in Richmond Hill stood at 22 days when successfully sold over the last 30 days (March 24 - April 22), compared to 48 days before being removed from the market upon being suspended or terminated.
Listing contracted with Right At Home Realty Inc., Brokerage
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