Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Bridgetown Home Price
Across the nation CREW lists data for 4862 neighbourhoods, and this month Bridgetown is number 4443 putting it behind most of Canada .
When our research team crunched the numbers we calculated that Bridgetown has a median home price of $96,500.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Across Prince Edward Island Bridgetown has the 86th most properties on offer with 231.
When we look at the data we have, it can help with trying to establish whether or not Bridgetown is a good investment target.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Bridgetown, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 3, this month we show 4.
As one of Prince Edward Island’s many potential real estate investment neighbourhoods, Bridgetown 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 Bridgetown have stayed pretty much the same which would tend to indicate that demand is steady.
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