Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Alcomdale Home Price
Across the nation CREW lists data for 4862 neighbourhoods, and this month Alcomdale is number 3425 putting it in the bottom half of the country .
Alcomdale, Alberta has a median house price of $161,888 when compiling all the home listings in Aug .
Alcomdale’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Alcomdale has not many at all compared to the rest of the province
Is Alcomdale a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Alcomdale there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
When we look at the data we have, it can help with trying to establish whether or not Alcomdale is a good investment target.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
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