Cobourg Real Estate Statistics

Cobourg real estate average sold price in the last 30 days (March 26 - April 24) was $702,500, which is $10,295 (1.5%) higher than the average price of $692,205 in the previous 30 day period (February 25 - March 25), and $66,037 (9.4%) up from the same period 1 year ago ($636,463). Cobourg real estate prices over the last 30 days are also $37,568 (5.3%) higher than the average selling price of $664,932 over the past year.

Cobourg average sold price for homes was $768,108 in the last 30 days (March 26 - April 24), which is $8,878 (1.2%) up from the average home price of $759,230 in the previous 30 day period (February 25 - March 25), and $31,442 (4.1%) higher than the same period 1 year ago ($736,666). In the last 30 days Cobourg the average home price was $66,393 (8.6%) higher than the average selling price of $701,715 over the last 12 months.

Average Cobourg condo sold price over the last 30 days (March 26 - April 24) was $532,222. During this period it was $64,222 (12.1%) up from the average price of condo of $468,000 during the previous 30 days (February 25 - March 25), and $24,701 (4.6%) lower compared to the same period 1 year ago ($556,923). In the last 30 days Cobourg the average condo price was $9,881 (1.9%) higher than the average selling price of $522,341 over the last year.

Average sold price of Cobourg townhouse was $553,333 in the last 30 days (March 26 - April 24), up $74,405 (13.4%) from the average townhome price of $478,928 over the previous 30 days (February 25 - March 25), and $69,762 (12.6%) higher than during to the same period 1 year ago ($483,571). Over the last 30 days the average townhouse price in Cobourg was $47,396 (8.6%) lower compared to the average selling price of $600,729 over the last 12 months.

Average selling price for Cobourg real estate was $702,500 in the last 30 days (March 26 - April 24), which is collectively $10,919 (1.4%) lower than the average asking price of $799,281. This represents a decline of $12,442 (816.9%) compared to $1,523 (0.2%) Sold-Over-Asking price from the previous 30 day period (February 25 - March 25).

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 (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 50.5% with 52 properties sold and 88 new properties listed in the past 30 days (March 26 - April 24). This represents a decrease from 58.0% recorded during the previous 30 day period (February 25 - March 25), and a decrease from 74.5% 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.

The Average Days on the Market (DOM) for 52 properties that were successfully sold in Cobourg in the last 30 days (March 26 - April 24) was 42 days, which is 22 days more than 20 days average in the previous 30 day period (February 25 - March 25) and 6 days longer than during the same period a year ago (36 days).

There were 59 delisted properties in Cobourg, those that got either Expired, Suspended or Terminated over the last 30 days (March 26 - April 24) with an average of 75 days on the market. This is 26 days longer than the average of 49 days during the previous 30 day period (February 25 - March 25) and 28 days more compared to the same period last year average of 47 days on the market.

59 Cobourg properties that didn't sell stayed on the market 78.6% longer than 52 that sucessfully sold over the last 30 days - 42 days when sold vs 75 days when delisted respectively.

Average Days on the Market in Cobourg over the past 12 months for properties that have sold was 40.4 days, with 70.0 days for those properties that did not sell.

103 new properties were listed on the market in Cobourg in the last 30 days (March 26 - April 24). During the same time 52 properties were sold and 59 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 8 properties (or 7.8%).

During the previous 30 day period (February 25 - March 25) there were 88 new properties listed, 51 sold and 31 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 68 new listings per month.

There were a total of 62 homes listed during the last 30 days (March 26 - April 24), which is 60.2% of all properties listed in Cobourg. This is a 24.0% increase compared with a previous 30 day period (February 25 - March 25) and 67.6% up from the same period a year ago. Over the past year an average of 47 homes are were listed per month.

22 condo units were listed in the last 30 days (March 26 - April 24) in Cobourg, which represents 21.4% of all new listings. This is up 37.5% from the prior 30 day period (February 25 - March 25) and 57.1% more compared to the same period last year. There were 12 condos listed per month on average during the last 12 months.

19 townhomes were listed over the last 30 days (March 26 - April 24) in Cobourg, which is 18.4% of all new real estate inventory. This is a 13.6% less than during the previous 30 day period (February 25 - March 25) and 375.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 9 a month.

There were a total of 37 homes sold during the last 30 days (March 26 - April 24), which is 71.2% of all properties sold in Cobourg. This is a 5.1% decline compared with a previous 30 day period (February 25 - March 25) and 76.2% up from the same period a year ago. Over the past year an average of 94 homes are were sold per month.

9 condo units were sold in the last 30 days (March 26 - April 24) in Cobourg, which represents 17.3% of all sold properties. This is up 80.0% from the prior 30 day period (February 25 - March 25) and 30.8% less compared to the same period last year. There were 7 condos sold per month on average during the last 12 months.

6 townhomes were sold over the last 30 days (March 26 - April 24) in Cobourg, which is 11.5% of all sold real estate. This is a 14.3% less than during the previous 30 day period (February 25 - March 25) and 14.3% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 36 a month.