45 Ormerod Lane

45 Ormerod Lane is a 3-bedroom 2-bathroom townhome listed for sale at $568,000, which is $601,565 (51.4%) lower than the average sold price of $1,169,565 in the last 30 days (March 25 - April 23). During the last 30 days the average sold price for a 3 bedroom townhome in Richmond Hill declined by $54,869 (4.5%) compared to the previous 30 day period (February 24 - March 24) and down $51,676 (4.2%) from the same time one year ago.There were 86 3-bedroom townhomes listed in Richmond Hill over the last 30 days (March 25 - April 23), which is up 28.4% compared with the previous 30 day period (February 24 - March 24) and up 45.8% compared with the same period last year.3-bedroom townhomes in Richmond Hill typically sold $115,148 (9.8%) above asking price over the last 30 days (March 25 - April 23), which represents a $9,638 increase compared to the previous 30 day period (February 24 - March 24) and $175,772 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 3-bedroom townhomes in Richmond Hill over the last 30 days (March 25 - April 23) stood at 54.7%, down from 61.2% over the previous 30 days (February 24 - March 24) and down from 84.7% one year ago.An average time on the market for a 3-bedroom 2-bathroom townhome in Richmond Hill stood at 12 days when successfully sold over the last 30 days (March 25 - April 23), compared to 22 days before being removed from the market upon being suspended or terminated.