Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Armdale Home Price
Armdale was Canada’s 1938th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $259,900 in Armdale was an above average compared to the rest of Nova Scotia.
Across Nova Scotia Armdale has the 106th most properties on offer with 825.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Armdale 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.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Armdale have stayed pretty much the same which would tend to indicate that demand is steady.
Armdale was Canada’s 341th most expensive suburb by listed median house price this month.
With Armdale’s median house price at $254,950 in Aug , it is above average compared to the rest of Nova Scotia.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
There are 51 neighbourhoods that have more properties on sale than Armdale at the moment in Nova Scotia which puts the neighbourhood top 40% when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Armdale for investors, it’s important to look at data like:
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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