COBOURG and PORT HOPE AREA REAL ESTATE MARKET

 

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?

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Garry Liboiron

Garry Liboiron

Broker/Owner
CENTURY 21 All-Pro Realty (1993) Ltd., Brokerage*
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