Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Chance Harbour Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Chance Harbour is number 3190 putting it in the bottom half of the country .
When our research team crunched the numbers we calculated that Chance Harbour has a median home price of $184,900.
There are 421 neighbourhoods that have more properties on sale than Chance Harbour at the moment in New Brunswick which puts the neighbourhood middle range when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Chance Harbour 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 Chance Harbour, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 5, this month we show 3.
Can we guarantee how well Chance Harbour 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.
In Chance Harbour, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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