Century 21 All-Pro Realty (1993) Ltd. services Northumberland County. We are located on the north shore of Lake Ontario , 100 km east of Toronto. We have offices in Port Hope and Cobourg. Our average residential value as of December 2008 is $247,247, up 3% from December 2007.
To assist our clients, customers, staff and the public we have prepared a Market Analysis of residential homes sold or listed for sale on our MLS Board. The Market Analysis brings up some interesting facts; facts based on MLS sales recorded up to January 7, 2009 for our real estate board.(Cobourg, Port Hope & District Real Estate Board). For our study we created five price ranges. The results are in the chart below.
Price Range Sold 2007 Sold 2008 Annual Change Active Listings Supply (days)
$150,000-$225,000 443 358 -20% 197 200
$226,000-$300,000 281 222 -21% 162 266
$301,000-$375,000 101 94 -7% 72 279
$376,000-$450,000 39 51 +30% 43 307
$451,000-$2,000,000 52 40 -25% 63 574
Our inventory of residential listings is up 35%. Our inventory shows at least a 6 month supply of homes in all price ranges.(based on year to date sales 2008) All price ranges studied show a decrease in sales, except in the $375,000-$450,000 range which increased by 30%. What's happening in your market?