Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Castor Home Price
When looking across the province, Castor is the 264th most expensive in Alberta.
When our research team crunched the numbers we calculated that Castor has a median home price of $168,000.
Investors looking for properties in Castor are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
Across Alberta Castor has the 131th most properties on offer with 339.
Can we guarantee how well Castor 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Castor there is more stock than three months ago. This would indicate pressure on prices easing.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Castor is number 181 putting it ahead of most neighbourhoods .
When our research team crunched the numbers we calculated that Castor has a median home price of $317,338.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Castor has not many at all compared to the rest of the province
As one of Alberta’s many potential real estate investment neighbourhoods, Castor 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.
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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