Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Chertsey Home Price
In Aug the median listed house price of $149,000 in Chertsey was a below average compared to the rest of Quebec.
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.
From our data, it appears that neighbourhood is number 123th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
It’s never an exact art, but to try to forecast how property is going to appreciate in Chertsey for investors, it’s important to look at data like:
If you are looking at investment properties in Chertsey, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
When looking across the province, Chertsey is the 318th most expensive in Quebec.
With Chertsey’s median house price at $159,000 in Aug , it is below average compared to the rest of Quebec.
There are 453 neighbourhoods that have more properties on sale than Chertsey at the moment in Quebec which puts the neighbourhood lowest fifth 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 Chertsey is a good investment target.
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 Chertsey have stayed pretty much the same which would tend to indicate that demand is steady.
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