I was thrilled to get a call to work for the seller who I have known for a long time as a very successful Real Estate Broker and former Town Councilor for the Town of Cobourg. This legacy home was always an icon for me. I walked or rode my bicycle for years past this row of houses facing the beach while growing up in Cobourg.  Admittedly I was a total sun, sand, and water worshipper and a “beach bum” as we used to call it, straight out of the gate as a baby when my parents or siblings would take me to the beach to play, for picnics and swimming or sand castle building. I remain the same to this day!  It calms me to be at the beach ad lakefront, soothes the spirit. I know this is the same feeling for many. Although, I also had to work part time in teen age years, go to school, take dance classes, etc., you would usually find me at the beach in summer and even bundled up in winter taking magical photos of the water turned to frozen waves. We spent our summer swimming like fish, read books, wrote poetry, had picnics, played frisbee and volleyball, listened to music, hung out with family and later friends as we got older, pointed out images we saw up in clouds while laying on colourful beach towels on the soft sand, looked for constellations and watched fireworks at night on the beach. We rolled up our pants and walked in the shoreline waves, dreamed about life and plans for the future, talked about our crushes or later strolled with our crushes : ) The beach was sanctuary in  a small town and still is to this day. When I lived away for years, I spent many times coming home and enjoying the beach for weekend family visits. I moved back and walk the area constantly and enjoy the location I currently live in which is a 6 minute walk to toes in the sand. Now it will be just a few flip flop steps to the sand! Gazing at a full Moon over the lakefront is serene. Seeing all the joy on the beach and the sailing ships and boats from all over docked in the harbour as Cobourg has become an ever more popular Marina and destination for tourists is also lovely to watch. I am so happy to have worked on behalf of the seller who entrusted me with the hand-off of this legacy property. I appreciate all the great talks we have had during viewings and discussions over the course of the work involved to sell. I am even more excited and fully appreciate that they were happy to make a deal work with me in the end! I am thankful to him and his family.  I am overjoyed to now enjoy the Beach Life even closer and will continue to make happy memories there.

I received a Centurion®️Award 🏆 from Century 21 Canada for last year’s achievements!!! 🙏Thankful to all clients for placing their trust and confidence in my services. It’s been a pleasure to be part of your important goals. Overwhelmed and appreciative beyond words. The Award is a strong symbol representing extensive work. Last year it was an especially difficult market to navigate so I am a little shocked to have achieved this. The Award symbolizes many amazing connections made and lots of success for my clients. Thank you for the major support & encouragement from my brokerage, colleagues, friends & family. This is truly a wonderful feeling and I know it is just a statue but the symbol on my desk feels nice and I am taking a moment to pause, reflect and appreciate that good fortune I have had to work with some amazing people and to keep it moving (Had to say that as it was one of my Mom’s favourite expressions,)

LEGAL TRIPLEX 5.9% CAP RATE In COBOURG 1 UNIT VACANT!

$849,000 LIST PRICE LOCATED AT  660 William St Cobourg TRIPLEX INVESTMENT

Click the link to view the tour for this 51 Acre property!

https://listings.insideoutmedia.ca/sites/6496-old-highway-2-shannonville-on-k0k-3a0-7283276/branded

6496 OLD HWY 2
Tyendinaga, Ontario K0K3A0

Hello & Happy 2024 to anyone who happens to be interested in the market enough to read my blog post : ) Wishing you the best of all things and especially your health and peace in 2024. Protect this with all you can and the rest of your goals are likely to fall into place.

With many still affected by affordability and unable to qualify for a mortgage, which includes being able to meet the criteria with the “stress test” in place — we will be watching as the early days before spring market unfolds to see where the market is going. Is there pent-up demand, is there affordability and/or enough consumer confidence to boost the spring market?  Will there be enough listings or a constrained supply? This all remains to be seen. I do not predict markets but I do watch them closely. I will say there is an uptick in showing requests and potential buyers in my anecdotal experience. I will keep updates happening so you may be informed as the market unfolds.

December 2023 transactions were up from October & November 2023.  October to November 2023 Sales were a lower number of transactions/sales compared to October & November 2020 and 2021 and slightly lower than 2022…so it was not hard to beat.   

The Year over Year Comparison shows December 2023 number of transaction/sales were up slightly from December 2022 number of transactions/sales, but still not as high amount as December 2020 or 2021 sales.   The increase in the number of December 2023 sales could have to do with the interest rate pause after the 3 previous Bank of Canada rate announcements. Perhaps this has instilled some consumer confidence. There were also some slightly adjusted-down mortgage rate options being offered at some providers – some fixed rates were achieved at 4.99% or 4.74%. This too could have been a reason for the December 2023 slight uptick in number of sales.  Seasonally, December is not a great market indicator as it is traditionally a low volume sales month.

The Sales-to-New-Listings ratio is up 15% December 2023 compared to December 2022.

The inventory of New Listings is down 6.6% compared too December 2022. We will need to watch and see how much inventory becomes available as if the supply tightens the normal affects of supply and demand usually play out…increasing average prices.

Finally the piece many are interested in. The average sale price on TRREB® for the month of December 2023 was $1,084,692.00 which is up 3.2% from the $1,050,569.00 average price for the previous December 2022.

“Property Days on Market” were 49 days as of December 2023 which is 22.5% longer than the 40 days on market noted as of December 2022.

IN CASE YOU DID NOT KNOW: Property Days on Market is a more clear picture of how long a property takes to sell – as listing days on market can be “reset” if a listing is expired or terminated and then it gets relisted on the system. The agent “refreshes” the listing, as they say. It is still the same property they are trying to sell and close to the same time period — but it seems like a NEW listing but just has a new MLS® number and a reset start date for when they listed it… This makes it appear that it has not been on the market for as long as it actually has been (but under a previous MLS® number.)

The stat for the “Listing Days On Market” you can see it is lower for as they only count from the date of the “new listing” even if it was on market prior before setting a new MLS number and “refreshing” it.  Listing Days On Market were noted as only 32 Days on Market as of December 2023 which is an increase of 18.5^% compared to December 2022 when they noted 27 Days on the market.  

Call if any questions or to discuss this information. I am currently setting up my portfolio of new listings for the coming Spring Market and it is the best time to get your property readied for sale and evaluated so we can hit the ground running to get you listed in the best possible time frame. Please do not hesitate to call with any inquiries or if you are interested in purchasing or selling a property.

See in below the Charts showing the comparison for the December Market statistics for Sales, New Listings, Sales to New Listings, and Yearly Sales as compared to 2020, 2021, 2022, and 2023.

Denise Liboiron REALTOR®
Century 21 All-Pro Realty (1993) Ltd.