Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Baie-James Home Price
Across the nation CREW lists data for 4553 neighbourhoods, and this month Baie-James is number 3343 putting it in the bottom half of the country .
The $154,450 price tag on the median Baie-James home means that it is below the national norm.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
Across Quebec Baie-James has the 1035th most properties on offer with 1076.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Baie-James will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Baie-James, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
As one of Quebec’s many potential real estate investment neighbourhoods, Baie-James 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.
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