One home on a Springbank Way sold in 4 days. Another home — a few streets over, similar size, similar age — sat for 326 days before finally selling at 88.9 cents on the dollar.
Same community. Same six-month window. Completely different outcomes.
If you're thinking about selling your Springbank Hill home, that gap should matter to you — because where you sit in that range has almost nothing to do with your home itself and almost everything to do with your price point. The Springbank Hill market is not one market. It's four or five different markets layered on top of each other, and the data from the last six months tells a clear story about which ones are working for sellers and which ones are quietly punishing anyone who lists without understanding the conditions they're walking into.
I pulled six months of closed sales data (August 2025 through February 2026) across every property type in Springbank Hill — 42 detached homes, 17 townhomes, 17 apartments, and 3 semi-detached — and broke it down by price bracket. Here's what the numbers actually say.
The Big Picture: What's Happening Across Springbank Hill
Before getting into each property type, one number deserves your full attention: 12.75 months of supply.
As of January 2026, Springbank Hill has 51 active listings and sold just 4 homes that month — a sales-to-new-listings ratio of 14%. That's up 275% in inventory year-over-year. For context, a balanced market sits around 4–6 months of supply. Under 4 months favors sellers. Above 6 months favors buyers. At nearly 13 months, buyers in this community have significant leverage — more options, less urgency, and the patience to wait for the right price.
The total residential benchmark price is $873,900, down 3.6% year-over-year. That headline number is accurate, but it also flattens a lot of nuance. Your neighbor's apartment is not your detached home on a half-acre lot, and your entry-level bungalow is not the $2M luxury build that just closed down the block.
Let's look at each segment in detail.
Detached Homes: Three Very Different Markets in One Community
The detached segment is where the most dramatic divergence shows up. Over the last six months, 42 detached homes sold in Springbank Hill. The cheapest closed at $640,000. The most expensive at $3,100,000. The average days on market was 52. The benchmark price sits at $1,087,400, down 1.7% year-over-year.
But averaging all 42 together hides the real story. When you segment by price, three distinct conditions emerge.
Under $850,000 — Sellers Still Have an Edge
Entry-level detached homes in Springbank Hill are the community's most active segment. Homes in this range sold quickly, with most closing in under 30 days. A few standouts:
- 149 Springborough Way — listed at $818,880, sold in 4 days at 98.9% of asking
- 38 Springborough Way — listed at $829,999, sold in 11 days at 98.9% of asking
- 9 Springborough Point — sold at exactly full asking price in 6 days
- 10 Springbluff Boulevard — sold at 100.61% of asking in just 4 days, meaning it went over list
The consistent thread: accurately priced homes under $850K are meeting buyers quickly, with very little negotiation. Buyers in this range are active and decisive. If your detached home sits in this bracket and you're priced well, you should expect a relatively smooth experience.
$850,000 to $1,100,000 — Where Patience Gets Tested
This is where the market shifts noticeably. Homes in the mid-range sold at strong percentages of asking (still averaging 96–98%), but the time frame stretches considerably. Days on market in this bracket ranged from the low teens to 89 days, with several homes sitting 50–70+ days before finding a buyer.
The price-per-square-foot discipline gets tighter here too. Buyers doing their research know what comparable homes sold for, and homes that were priced with aspirational premiums — rather than grounded in recent comps — had to endure extended market exposure before closing.
139 St Moritz Terrace is a useful data point: listed at $899,000, sold at $837,000 — 93.1% of asking — after 16 days. The list price was doing the heavy lifting there, but not in the seller's favor. Meanwhile, 323 St Moritz Drive (4 bed, 2,353 sq ft) sold at 99.46% of asking in 12 days. The difference? That one was priced sharper relative to its size.
If your home is in this range, the strategy matters more than the market. Pricing to generate early showings — rather than anchoring high and hoping — is what separates 12-day sales from 70-day ones.
Above $1,100,000 — Extended Timelines Are the Norm
The luxury and upper-end detached segment is where sellers need the clearest expectations going in. The data from the last six months is honest about this.
86 Springborough Green (3,047 sq ft, listed at $1,399,000) sat for 217 days before selling at $1,307,500 — a 6.5% discount from its original ask. 59 Timberline Point (3,255 sq ft, 2021 build) spent 326 days on market. 2850 77 Street, a premium acreage at $3,199,999, took 286 days to close.
This is not a reflection of the quality of those homes. It's a reflection of the buyer pool. At $1.3M to $2M in Springbank Hill, you're fishing in a smaller pond, and with 19 months of supply in the detached segment overall, buyers have options and time on their side.
The one segment of luxury that is moving: new construction. Two newly built homes on Elveden Park (both 2025 builds, 3,290–3,301 sq ft, priced at $2,149,900 and $2,175,000) both sold at 100% of asking in 12 and 14 days respectively. New builds at the luxury end have something resale product doesn't: no deferred maintenance narrative and a clear price anchor. If you're selling resale at $1.5M+, understanding how new construction is setting expectations in the community is critical.
The honest takeaway for upper-end detached sellers: if you need a fast sale, price aggressively. If you can hold, price fairly and wait for the right buyer — but don't mistake an inflated list price for leverage. The data shows it costs more in the end.
Townhomes: The Strongest Performer Right Now
If there's a bright spot for sellers in Springbank Hill, it's the townhome segment.
17 townhomes sold over the last six months. The average sale-to-list ratio was 98.55% — higher than detached. The average days on market was 27, with a median of 23. And unlike the detached segment, townhomes are sitting at roughly 7 months of supply — closer to balanced.
The full price range spans from $304,750 (a Spring Creek Common 1-bed unit) up to $875,000 (a 3-bed at 3096 85 Street SW). Performance was strong across the board:
- 40 Spring Willow Close — sold in 2 days at 97.6% of asking
- 2225 77 Street — sold in 0 days (same-day offer) at 99.3% of asking
- 7836 Spring Willow Drive — sold at 102.1% of asking in 14 days
The Spring Willow Drive townhome selling above asking is particularly telling — multiple offers still happen in this segment when product is priced right and presented well.
The Spring Creek Common corridor (newer construction, lower price points) is active with buyers looking for entry into the community without the detached price tag. If you own a townhome here and are thinking about listing, the conditions are as favorable as anywhere in Springbank Hill right now.
Apartments: The Most Challenging Segment
The apartment data requires the most candor. The benchmark is $360,700, down 6.4% year-over-year — the largest year-over-year decline of any property type in the community. Average days on market sits at 52. The sales-to-new-listings ratio in January 2026 hit 14%, with 18 months of supply.
The 1-bedroom units at Val Gardena View are where the pressure is most visible. Four 1-bedroom units sold over six months — all in the 630–781 sq ft range, all built in 2008. Sale prices ranged from $247,500 to $275,000, with sale-to-list ratios between 92.6% and 97.1%. One sat for 108 days.
The newer buildings are faring better. A 1,161 sq ft 2-bedroom at 8355 19 Avenue (2023 build) sold at 97.39% in 114 days at $652,500. A 1,164 sq ft unit in the same building sold at exactly asking price in 8 days. The 2025 build at 2117 81 Street (2-bedroom, 1,067 sq ft) sold at 98% of asking in 61 days for $612,500.
The pattern is clear: newer product with larger floor plans is holding value better than 2008-era 1-bedroom units. If you own an older 1-bed apartment in Springbank Hill, pricing it right — probably at or below what similar units last traded at — is the only path to a reasonable timeline.
What This Means If You're Getting Ready to List
A few conclusions that cut across all property types:
Overpricing is the most expensive strategy available to you. Extended market exposure in a high-inventory environment signals distress to buyers — they start to wonder what's wrong with the home, and they negotiate harder. Homes that sat 60+ days in this data set consistently sold for 3–7% below asking. The homes that sold in the first 30 days held close to full price. First-week momentum is not a luxury; it's a financial decision.
Your competition is real and growing. There were 51 active listings and just 4 sales in January 2026. New listings are up 38% year-over-year. Buyers who've been watching the community for months know what's out there. Your home needs to stand out on price, presentation, or both.
Property type and price bracket matter more than community averages. The $873,900 headline number tells you almost nothing about your situation. A sub-$850K detached home and a $1.5M resale luxury home are operating in different markets with different buyer pools, different timelines, and different pricing dynamics. Strategy needs to be specific to your bracket.
New construction is setting price anchors at the top end. If you own a resale home priced above $1.5M, you're competing directly with new builds that are selling at full asking. Buyers will compare. Your pricing and presentation need to account for that.
Frequently Asked Questions
How long does it take to sell a home in Springbank Hill?
It depends almost entirely on price point. Detached homes under $850K sold in an average of 15–25 days over the last six months. Between $850K and $1.1M, that number climbs to 40–70 days. Above $1.1M, some homes have sat for over 200 days. Townhomes average around 23 days. Apartments average 40–50 days.
Are Springbank Hill homes selling at asking price?
The community-wide average is about 97.7% of asking price, but the range is wide. Entry-level detached homes are frequently selling at or above list. Luxury detached resales ($1.3M+) are averaging closer to 93–95% of asking. Pricing accurately the first time is what separates the fast sales from the long, discounted ones.
Is it a buyer's or seller's market in Springbank Hill right now?
At 12.75 months of supply as of January 2026, the overall market leans toward buyers — particularly in the detached segment, where 19 months of supply indicates significant buyer advantage at higher price points. The townhome and entry-level detached segments are more balanced, with motivated buyers still active.
What is the benchmark price for Springbank Hill homes?
As of January 2026, the detached benchmark price is $1,087,400 (down 1.7% year-over-year). Townhomes benchmark at $521,900 (down 3.8% Y/Y), and apartments at $360,700 (down 6.4% Y/Y). The total residential benchmark across all property types is $873,900, down 3.6% year-over-year.
Should I price my Springbank Hill home aggressively or conservatively?
With current inventory levels, overpricing is the most expensive mistake you can make. Homes that sit for 60+ days in Springbank Hill are statistically selling for 3–7% less than comparable homes that sold quickly. A well-priced home generates early momentum; a mispriced one trains buyers to wait for price reductions.
Get a Precise Read on Your Home's Position in the Market
Community-wide averages don't tell you what your home is worth. What matters is how homes with your specific square footage, age, condition, and price point have been performing — and what that means for your timing and strategy.
I work exclusively in Springbank Hill and track every sale in this community. I can show you exactly where your home sits in the current data, what comparable homes have sold for, and what a realistic timeline and net price looks like given today's conditions.
Start with a free home valuation — no obligation, just an honest look at the numbers. Or reach out directly if you'd rather start with a conversation about your specific situation. Either way, you'll leave knowing more than when you arrived.
The sellers who do well in this market aren't lucky. They're prepared.