Area Real Estate Prices
The average 2006 sale price for a single family home in the Cobourg - Port Hope area was less than the average sale price in both Ontario and Canada. The average home price in the Cobourg - Port Hope area was $218,404 compared to the Ontario average price of $278,455 and the Canada average price of $276,974.
According to statistics from the Cobourg - Port Hope District Real Estate Board of the 993 homes that changed hands in 2006 the average sale price was $218,404 - up from $207,786 in 2005 when 1008 houses sold.
Another interesting statistic that can be added to this is the listing to sale percentage. The total number of residential listings in 2006 was 2004 which translates to 49.55% that actually sold. In 2005 there were 1824 listings giving 55.26% that actually sold. Does this mean that if you put your house on the market you really only have approximately a 50% chance of actually selling your house ?