550 Elizabeth St

Midland, Midland, L4R 2A3
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550 Elizabeth St, Midland
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
7
ROOMS
X3666608
MLSID
Contact Us
Property Description
Buyer To Confirm All Measurements,Lot Size & Realty Taxes. "As Is" Condition. Use Vendor's Schedules And Offer Deletions As Attached. No Extras. No Representation Or Warranties Are Made Of Any Kind By Vendor Or Agent In Regards To This Property. All Information Displayed Is Believed To Be Accurate But Is Not Warranted And Should Be Independently Verified.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2016-11-29 2017-02-24 88 $266,800 $250,000 Sold
Property Details
Community
Property Type
Detached, 1 1/2 Storey
Lot Irregularities
"As Per Deed"
Fronting
South
Taxes
$3,005 (2016)
Basement
Sep Entrance, Unfinished
Exterior
Brick, Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
None
Midland Market Statistics
Midland Price Trend
550 Elizabeth St is a 3-bedroom 2-bathroom home listed for sale at $266,800, which is $283,200 (51.5%) lower than the average sold price of $550,000 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 3 bedroom home in Midland declined by $52,472 (8.7%) compared to the previous 30 day period (February 26 - March 26) and down $160,000 (22.5%) from the same time one year ago.
Inventory Change
There were 15 3-bedroom homes listed in Midland over the last 30 days (March 27 - April 25), which is up 114.3% compared with the previous 30 day period (February 26 - March 26) and up 15.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Midland typically sold ($20,000) (3.6%) below asking price over the last 30 days (March 27 - April 25), which represents a $4,350 increase compared to the previous 30 day period (February 26 - March 26) and ($12,150) 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 3-bedroom homes in Midland over the last 30 days (March 27 - April 25) stood at 86.7%, down from 114.3% over the previous 30 days (February 26 - March 26) and up from 69.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Midland stood at 25 days when successfully sold over the last 30 days (March 27 - April 25), compared to 72 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Crosstown Realty Inc., Brokerage
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