Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Clarence Home Price
Clarence was Canada’s 1267th most expensive suburb by listed median house price this month.
Clarence, Nova Scotia has a median house price of $319,900 when compiling all the home listings in Aug .
Nova Scotia has the fifth most amount of properties available to property investors, with Clarence having 417th most in the province, out of a total of 825.
When we look at the data we have, it can help with trying to establish whether or not Clarence is a good investment target.
Over the last three months in Clarence, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Clarence will hopefully provide an indicator to help you where to research in-depth
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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