Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Burnt River Home Price
With a median listing price of $279,900, Burnt River is Canada’s 1684th most expensive when ordered by median listing price.
With Burnt River’s median house price at $279,900 in Aug , it is about average compared to the rest of Ontario.
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.
From our data, it appears that neighbourhood is number 2634th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 50.
Will prices rise across the next year in in Burnt River? There are a number of real estate indicators to consider.
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 Burnt River, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 7, this month we show 6.
It’s never an exact art, but to try to forecast how property is going to appreciate in Burnt River for investors, it’s important to look at data like:
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media