Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Charleston Home Price
When our research team crunched the numbers we calculated that Charleston has a median home price of $479,900.
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.
Across Ontario Charleston has the 567th most properties on offer with 1145.
As one of Ontario’s many potential real estate investment neighbourhoods, Charleston 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.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Is Charleston a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Charleston there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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