Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Allanburg Home Price
Last month, Allanburg was Canada’s 576th priciest – this month at number 576 it’s dropped -5 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the deterioration continues.
In Jan the median listed house price of $404,900 in Allanburg was an impressive compared to the rest of Ontario.
There are 1117 neighbourhoods that have more properties on sale than Allanburg at the moment in Ontario which puts the neighbourhood lowest fifth 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 Allanburg will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Allanburg there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
Can we guarantee how well Allanburg 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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