8 Point Pelee Lane

8 Point Pelee Lane is a 3-bedroom 6-bathroom townhome listed for sale at $1,380,000, which is $198,851 (16.8%) higher than the average sold price of $1,181,149 in the last 30 days (March 26 - April 24). During the last 30 days the average sold price for a 3 bedroom townhome in Richmond Hill declined by $33,869 (2.8%) compared to the previous 30 day period (February 25 - March 25) and down $54,217 (4.4%) from the same time one year ago.There were 91 3-bedroom townhomes listed in Richmond Hill over the last 30 days (March 26 - April 24), which is up 35.8% compared with the previous 30 day period (February 25 - March 25) and up 46.8% compared with the same period last year.3-bedroom townhomes in Richmond Hill typically sold $115,606 (9.8%) above asking price over the last 30 days (March 26 - April 24), which represents a $14,520 increase compared to the previous 30 day period (February 25 - March 25) and $173,108 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 26 - April 24) stood at 48.4%, down from 64.2% over the previous 30 days (February 25 - March 25) and down from 83.9% one year ago.An average time on the market for a 3-bedroom 6-bathroom townhome in Richmond Hill stood at 13 days when successfully sold over the last 30 days (March 26 - April 24), compared to 22 days before being removed from the market upon being suspended or terminated.