COBOURG-PORT HOPE DISTRICT REAL ESTATE BOARD MLS STATISTICS - 02/23/09 09:46 PM
 Residential MONTH ENDING DECEMBER 2008 (over 2007 numbers)
Total Dollar Value of Units Sold:    down     38%
Number of Units Sold:    down   25%
Number of Units Listed:    up  30%
 
2008 FINAL NUMBERS (over 2007 numbers)
Total Dollar Value Units Sold:      down   16% - $235,442,292 total
Number of Units Sold:    down     12% - 948 units
Number of Units Listed:  up    10% - 2715
Listing to Sale Ratio:   down     13.32% - 34.92% of properties actually sold
Average Dollar Value of Units Sold:    up    6%  - $247,247 avg sale price
Current Number of Active Units Listed:   up    34% - 773 properties listed
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PRICING - What do you need to know before buying or selling in this market?? - 02/23/09 09:24 PM
SELLERS:
Price to sell your home.  The market dictates the sales price of your home - so past sales history in your neighbourhood is the key to your list price.  In 2008, 72% of all homes listed reduced their original list price.  Instead of chasing the market, and lowering your list price, while at the same time missing potential qualified Buyers, price it for the market now, and it has a much better chance at selling.  
BUYERS:
Visit with your mortgage specialist to discuss what you can be approved for, and what you would like to comfortably spend. Make an … (0 comments)

WHAT IS THE DIFFERENCE BETWEEN A BUYER’S MARKET AND A SELLER’S MARKET?? - 02/23/09 09:18 PM
During a buyer's market, homes tend to sit on the market for a while before selling, so sellers become more flexible and may even drop their prices. 
During a seller's market, homes sell quickly and sellers have a lot of pricing power.  As a result, prices rise more rapidly than at other times.
The real estate market, just like all other markets, is determined by supply and demand.
In the Cobourg-Port Hope District Real Estate Board, only 38.68% of all residential homes listed are selling (as of December 2008) - dictating a BUYER'S market.  Where in 2007, during the peak of … (0 comments)

It's a Buyer's Market - Free Seminar - 02/01/09 08:13 PM

 
Join me Thursday, February 5th from 7pm-9pm, along with professionals in all aspects of the home-buying transaction tp gain valuable information on this ever-changing real estate market.  Joining me are Donna Murphy - mortgage specialist, Doug Mann - lawyer, Colette Secord - life insurance specialist and Gil Strachan - registered home inspector. 
Expect to receive first-hand advice and hand-outs from all attending professionals, as well as great give-aways!! 
The Northumberland County real estate market, just as all of North America, is going through a transitional time right now, but it isn't the doom and gloom that the news is reporting.  Join … (0 comments)

 
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Lindsey Edwards

Cobourg, ON

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Coldwell Banker R.M.R. Real Estate, Brokerage

Address: 1111 Elgin St W, Northumberland Mall, Cobourg, ON, K9A 5H7

Office Phone: (905) 377-8888

Cell Phone: (905) 373-6410

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