Cobourg Real Estate Statistics

Cobourg Real Estate Price Trend
Cobourg real estate average sold price in the last 30 days (June 28 - July 27) was $777,085, which is $136,312 (17.5 %) higher than the average price of $640,773 in the previous 30 day period (May 29 - June 27), and $262,896 (33.8 %) up from the same period 1 year ago ($514,189). Cobourg real estate prices over the last 30 days are also $182,848 (23.5 %) higher than the average selling price of $594,238 over the past year.
Cobourg average sold price for homes was $838,679 in the last 30 days (June 28 - July 27), which is $120,308 (14.3 %) up from the average home price of $718,371 in the previous 30 day period (May 29 - June 27), and $282,749 (33.7 %) higher than the same period 1 year ago ($555,930). In the last 30 days Cobourg the average home price was $199,152 (23.7 %) higher than the average selling price of $639,528 over the last 12 months.
Average Cobourg condo sold price over the last 30 days (June 28 - July 27) was $605,454. During this period it was $147,288 (24.3 %) up from the average price of condo of $458,166 during the previous 30 days (May 29 - June 27), and $252,579 (41.7 %) higher compared to the same period 1 year ago ($352,875). In the last 30 days Cobourg the average condo price was $189,574 (31.3 %) higher than the average selling price of $415,880 over the last year.
Average sold price of Cobourg townhouse was $708,333 in the last 30 days (June 28 - July 27), up $155,000 (21.9 %) from the average townhome price of $553,333 over the previous 30 days (May 29 - June 27), and $237,033 (33.5 %) higher than during to the same period 1 year ago ($471,300). Over the last 30 days the average townhouse price in Cobourg was $217,130 (30.7 %) higher compared to the average selling price of $491,203 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Cobourg real estate was $777,085 in the last 30 days (June 28 - July 27), which is collectively $13,435 (1.5 %) higher than the average asking price of $900,718. This represents an increase of $5,677 (73.2 %) compared to $7,758 (1.1 %) Sold-Over-Asking price from the previous 30 day period (May 29 - June 27).
The maximum Sold Over/Under Asking ratio in Cobourg during the last 12 months was recorded in March, 2021 with an average of $48,035 over the asking price, while the minimum occurring in September, 2020 with $8,726 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 177.8 % with 48 properties sold and 64 new properties listed in the past 30 days (June 28 - July 27). This represents an increase from 82.8 % recorded during the previous 30 day period (May 29 - June 27), and a decrease from 180.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in Cobourg was 2,385.7 % recorded in December and the lowest was in April at 72.3 %. 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 48 properties that were successfully sold in Cobourg in the last 30 days (June 28 - July 27) was 14 days, which is 11 days less than 25 days average in the previous 30 day period (May 29 - June 27) and 5 days shorter than during the same period a year ago (19 days).
There were 14 delisted properties in Cobourg, those that got either Expired, Suspended or Terminated over the last 30 days (June 28 - July 27) with an average of 27 days on the market. This is 8 days shorter than the average of 35 days during the previous 30 day period (May 29 - June 27) and 26 days less compared to the same period last year average of 53 days on the market.
14 Cobourg properties that didn't sell stayed on the market 92.9 % longer than 48 that sucessfully sold over the last 30 days - 14 days when sold vs 27 days when delisted respectively.
Average Days on the Market in Cobourg over the past 12 months for properties that have sold was 20.4 days, with 67.1 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
27 new properties were listed on the market in Cobourg in the last 30 days (June 28 - July 27). During the same time 48 properties were sold and 14 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 35 properties (or 129.6 %).
During the previous 30 day period (May 29 - June 27) there were 64 new properties listed, 53 sold and 25 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 65 new properties listed, the slowest - December with 7 new listings and a yearly average of 35 new listings per month.
New Real Estate Listings by Property Type
There were a total of 17 homes listed during the last 30 days (June 28 - July 27), which is 63.0 % of all properties listed in Cobourg. This is a 61.4 % decline compared with a previous 30 day period (May 29 - June 27) and 22.7 % down from the same period a year ago. Over the past year an average of 26 homes are were listed per month.
7 condo units were listed in the last 30 days (June 28 - July 27) in Cobourg, which represents 25.9 % of all new listings. This is down 46.2 % from the prior 30 day period (May 29 - June 27) and 250.0 % more compared to the same period last year. There were 5 condos listed per month on average during the last 12 months.
3 townhomes were listed over the last 30 days (June 28 - July 27) in Cobourg, which is 11.1 % of all new real estate inventory. This is a 57.1 % less than during the previous 30 day period (May 29 - June 27) and 200.0 % increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 5 a month.
Real Estate Sales by Property Type
There were a total of 34 homes sold during the last 30 days (June 28 - July 27), which is 70.8 % of all properties sold in Cobourg. This is a 2.9 % decline compared with a previous 30 day period (May 29 - June 27) and 0.0 % down from the same period a year ago. Over the past year an average of 37 homes are were sold per month.
11 condo units were sold in the last 30 days (June 28 - July 27) in Cobourg, which represents 22.9 % of all sold properties. This is down 8.3 % from the prior 30 day period (May 29 - June 27) and 37.5 % more compared to the same period last year. There were 10 condos sold per month on average during the last 12 months.
3 townhomes were sold over the last 30 days (June 28 - July 27) in Cobourg, which is 6.2 % of all sold real estate. This is a 50.0 % less than during the previous 30 day period (May 29 - June 27) and 0.0 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 7 a month.
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