Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Bay Roberts Home Price
Bay Roberts was Canada’s 1809th most expensive suburb by listed median house price this month.
With Bay Roberts’s median house price at $269,900 in Aug , it is above average compared to the rest of Newfoundland and Labrador.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
From our data, it appears that neighbourhood is number 343th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
Can we guarantee how well Bay Roberts 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 increased it looks like housing market forces in neighbourhood are likely to drive prices down.
When our research team crunched the numbers we calculated that Bay Roberts has a median home price of $269,900.
There are 13 neighbourhoods that have more properties on sale than Bay Roberts at the moment in Newfoundland and Labrador which puts the neighbourhood top 40% when looking at the number of properties to choose from.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Bay Roberts 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.
Over the last three months in Bay Roberts, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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