Cobourg Real Estate Statistics

Cobourg Real Estate Price Trend
Cobourg real estate average sold price in the last 30 days (February 27 - March 27) was $701,430, which is $21,342 (3.0%) higher than the average price of $680,088 in the previous 30 day period (January 28 - February 26), and $19,333 (2.8%) up from the same period 1 year ago ($682,097). Cobourg real estate prices over the last 30 days are also $42,812 (6.1%) higher than the average selling price of $658,618 over the past year.
Cobourg average sold price for homes was $767,885 in the last 30 days (February 27 - March 27), which is $82,889 (10.8%) up from the average home price of $684,996 in the previous 30 day period (January 28 - February 26), and $51,923 (6.8%) higher than the same period 1 year ago ($715,962). In the last 30 days Cobourg the average home price was $71,222 (9.3%) higher than the average selling price of $696,663 over the last 12 months.
Average Cobourg condo sold price over the last 30 days (February 27 - March 27) was $468,000. During this period it was $232,000 (49.6%) down from the average price of condo of $700,000 during the previous 30 days (January 28 - February 26), and $196,285 (41.9%) lower compared to the same period 1 year ago ($664,285). In the last 30 days Cobourg the average condo price was $48,325 (10.3%) lower than the average selling price of $516,325 over the last year.
Average sold price of Cobourg townhouse was $478,928 in the last 30 days (February 27 - March 27), down $173,072 (36.1%) from the average townhome price of $652,000 over the previous 30 days (January 28 - February 26), and $71,555 (14.9%) lower than during to the same period 1 year ago ($550,483). Over the last 30 days the average townhouse price in Cobourg was $128,080 (26.7%) lower compared to the average selling price of $607,008 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Cobourg real estate was $701,430 in the last 30 days (February 27 - March 27), which is collectively $1,647 (0.2%) higher than the average asking price of $772,396. This represents an increase of $13,310 (114.1%) compared to $11,663 (1.6%) Sold-Under-Asking price from the previous 30 day period (January 28 - February 26).
The maximum Sold Over/Under Asking ratio in Cobourg during the last 12 months was recorded in July, 2023 with an average of $1,715 over the asking price, while the minimum occurring in December, 2023 with $34,729 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Cobourg was 62.4% with 53 properties sold and 91 new properties listed in the past 30 days (February 27 - March 27). This represents an increase from 48.4% recorded during the previous 30 day period (January 28 - February 26), and a decrease from 69.0% compared to the same period one year ago.
Over the the last year the highest SNLR in Cobourg was 917.4% recorded in July and the lowest was in January at 44.0%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 53 properties that were successfully sold in Cobourg in the last 30 days (February 27 - March 27) was 20 days, which is 52 days less than 72 days average in the previous 30 day period (January 28 - February 26) and 5 days longer than during the same period a year ago (15 days).
There were 31 delisted properties in Cobourg, those that got either Expired, Suspended or Terminated over the last 30 days (February 27 - March 27) with an average of 51 days on the market. This is 28 days shorter than the average of 79 days during the previous 30 day period (January 28 - February 26) and 21 days less compared to the same period last year average of 72 days on the market.
31 Cobourg properties that didn't sell stayed on the market 155.0% longer than 53 that sucessfully sold over the last 30 days - 20 days when sold vs 51 days when delisted respectively.
Average Days on the Market in Cobourg over the past 12 months for properties that have sold was 40.5 days, with 72.2 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
85 new properties were listed on the market in Cobourg in the last 30 days (February 27 - March 27). During the same time 53 properties were sold and 31 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 1 properties (or 1.2%).
During the previous 30 day period (January 28 - February 26) there were 91 new properties listed, 44 sold and 37 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was February with 95 new properties listed, the slowest - December with 16 new listings and a yearly average of 65 new listings per month.
New Real Estate Listings by Property Type
There were a total of 46 homes listed during the last 30 days (February 27 - March 27), which is 54.1% of all properties listed in Cobourg. This is a 27.0% decline compared with a previous 30 day period (January 28 - February 26) and 39.4% up from the same period a year ago. Over the past year an average of 46 homes are were listed per month.
17 condo units were listed in the last 30 days (February 27 - March 27) in Cobourg, which represents 20.0% of all new listings. This is up 13.3% from the prior 30 day period (January 28 - February 26) and 21.4% more compared to the same period last year. There were 11 condos listed per month on average during the last 12 months.
22 townhomes were listed over the last 30 days (February 27 - March 27) in Cobourg, which is 25.9% of all new real estate inventory. This is a 69.2% more than during the previous 30 day period (January 28 - February 26) and 100.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 9 a month.
Real Estate Sales by Property Type
There were a total of 41 homes sold during the last 30 days (February 27 - March 27), which is 77.4% of all properties sold in Cobourg. This is a 13.9% increase compared with a previous 30 day period (January 28 - February 26) and 51.9% up from the same period a year ago. Over the past year an average of 93 homes are were sold per month.
5 condo units were sold in the last 30 days (February 27 - March 27) in Cobourg, which represents 9.4% of all sold properties. This is up 400.0% from the prior 30 day period (January 28 - February 26) and 28.6% less compared to the same period last year. There were 8 condos sold per month on average during the last 12 months.
7 townhomes were sold over the last 30 days (February 27 - March 27) in Cobourg, which is 13.2% of all sold real estate. This is a 0.0% less than during the previous 30 day period (January 28 - February 26) and 16.7% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 36 a month.
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