Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Argyle Shore Home Price
When looking across the province, Argyle Shore is the 125th most expensive in Prince Edward Island.
Want a cheaply priced house? Then at $169,450 this month, Argyle Shore, Prince Edward Island is a possibility for you price wise.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
From our data, it appears that neighbourhood is number 3171th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 40.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Argyle Shore needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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 Argyle Shore, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, this month we show 4.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Will prices rise across the next year in in Argyle Shore? There are a number of real estate indicators to consider.
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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