Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Chepstow Home Price
When looking across the province, Chepstow is the 120th most expensive in Prince Edward Island.
The median house price listed in Chepstow this month is $161,950.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 4.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Chepstow has fewer than average compared to the rest of the province
When we look at the data we have, it can help with trying to establish whether or not Chepstow is a good investment target.
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.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in May this neighbourhood’s most common listing the same as the national average.
Is Chepstow 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 Chepstow 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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