Canada’s national median home listing price this month is $290,900, which means that Cobourg is in the top 20% for Canada.
While the median for Ontario is $349,900 , which means that Cobourg’s median price is $399,900 considerably better than the rest of the province.
Cobourg’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
There are 1145 neighbourhoods that have more properties on sale than Cobourg at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Cobourg will hopefully provide an indicator to help you where to research in-depth
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Cobourg have dried up which would tend to indicate that demand is higher than the supply of new properties.
When looking across the province, Cobourg is the 46th most expensive in Ontario.
The median house price listed in Cobourg this month is $337,450.
There are 196 neighbourhoods that have more properties on sale than Cobourg at the moment in Ontario which puts the neighbourhood top 40% when looking at the number of properties to choose from.
Can we guarantee how well Cobourg is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Cobourg, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 20, this month we show 14.