550 North Service Rd 508

550 North Service Rd 508 is a 2-bedroom 2-bathroom townhome listed for sale at $589,888, which is $175,540 (22.9%) lower than the average sold price of $765,428 in the last 30 days (April 3 - May 2). During the last 30 days the average sold price for a 2 bedroom townhome in Grimsby increased by $82,428 (12.1%) compared to the previous 30 day period (March 4 - April 2) and up $110,428 (16.9%) from the same time one year ago.There were 2 2-bedroom townhomes listed in Grimsby over the last 30 days (April 3 - May 2), which is down 60.0% compared with the previous 30 day period (March 4 - April 2) and down 60.0% compared with the same period last year.2-bedroom townhomes in Grimsby typically sold ($11,457) (1.5%) below asking price over the last 30 days (April 3 - May 2), which represents a $13,190 decrease compared to the previous 30 day period (March 4 - April 2) and ($4,000) 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 townhomes in Grimsby over the last 30 days (April 3 - May 2) stood at 350.0%, up from 60.0% over the previous 30 days (March 4 - April 2) and up from 100.0% one year ago.An average time on the market for a 2-bedroom 2-bathroom townhome in Grimsby stood at 53 days when successfully sold over the last 30 days (April 3 - May 2), compared to 24 days before being removed from the market upon being suspended or terminated.