8501 Bayview Ave 314

8501 Bayview Ave 314 is a 2-bedroom 2-bathroom condo listed for sale at $549,900, which is $168,824 (23.5%) lower than the average sold price of $718,724 in the last 30 days (March 10 - April 8). During the last 30 days the average sold price for a 2 bedroom condo in Richmond Hill declined by $31,172 (4.2%) compared to the previous 30 day period (February 9 - March 9) and up $4,073 (0.6%) from the same time one year ago.There were 61 2-bedroom condos listed in Richmond Hill over the last 30 days (March 10 - April 8), which is up 15.1% compared with the previous 30 day period (February 9 - March 9) and up 134.6% compared with the same period last year.2-bedroom condos in Richmond Hill typically sold ($20,382) (2.8%) below asking price over the last 30 days (March 10 - April 8), which represents a $2,582 decrease compared to the previous 30 day period (February 9 - March 9) and ($14,644) 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 2-bedroom condos in Richmond Hill over the last 30 days (March 10 - April 8) stood at 47.5%, down from 56.6% over the previous 30 days (February 9 - March 9) and down from 111.5% one year ago.An average time on the market for a 2-bedroom 2-bathroom condo in Richmond Hill stood at 39 days when successfully sold over the last 30 days (March 10 - April 8), compared to 49 days before being removed from the market upon being suspended or terminated.