Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Bear Island Home Price
With Bear Island’s median house price at $194,700 in Feb , it is above average compared to the rest of New Brunswick.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
There are 369 neighbourhoods that have more properties on sale than Bear Island at the moment in New Brunswick which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Bear Island is a good investment target.
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 Bear Island have stayed pretty much the same which would tend to indicate that demand is steady.
Can we guarantee how well Bear Island 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.
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