8 Ormerod Lane

8 Ormerod Lane is a 3-bedroom 3-bathroom townhome listed for sale at $659,000, which is $516,368 (43.9%) lower than the average sold price of $1,175,368 in the last 30 days (March 24 - April 22). During the last 30 days the average sold price for a 3 bedroom townhome in Richmond Hill declined by $44,793 (3.7%) compared to the previous 30 day period (February 23 - March 23) and down $45,873 (3.8%) from the same time one year ago.There were 85 3-bedroom townhomes listed in Richmond Hill over the last 30 days (March 24 - April 22), which is up 19.7% compared with the previous 30 day period (February 23 - March 23) and up 37.1% compared with the same period last year.3-bedroom townhomes in Richmond Hill typically sold $126,799 (10.8%) above asking price over the last 30 days (March 24 - April 22), which represents a $24,094 increase compared to the previous 30 day period (February 23 - March 23) 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 24 - April 22) stood at 52.9%, down from 59.2% over the previous 30 days (February 23 - March 23) and down from 80.6% one year ago.An average time on the market for a 3-bedroom 3-bathroom townhome in Richmond Hill stood at 13 days when successfully sold over the last 30 days (March 24 - April 22), compared to 19 days before being removed from the market upon being suspended or terminated.