Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Cable Head East Home Price
Across the nation CREW lists data for 5043 neighbourhoods, and this month Cable Head East is number 132 putting it ahead of most neighbourhoods .
With Cable Head East’s median house price at $799,000 in Jun , it is high priced compared to the rest of Prince Edward Island.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
This month we track 66th neighbourhoods in Prince Edward Island, and Cable Head East has the 66th most choice available for real estate investors.
Will prices rise across the next year in in Cable Head East? There are a number of real estate indicators to consider.
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 Cable Head East have stayed pretty much the same which would tend to indicate that demand is steady.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
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