Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Bonavista Home Price
Want a cheaply priced house? Then at $157,000 this month, Bonavista, Newfoundland and Labrador is somewhere that you should look at price wise.
Bonavista’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
This month we track 31th neighbourhoods in Newfoundland and Labrador, and Bonavista has the 31th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Bonavista will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Bonavista, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
When we look at the data we have, it can help with trying to establish whether or not Bonavista 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 Bonavista have stayed pretty much the same which would tend to indicate that demand is steady.
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