Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Cluny Home Price
With a median listing price of $71,000, Cluny is Canada’s 4383th most expensive when ordered by median listing price.
When our research team crunched the numbers we calculated that Cluny has a median home price of $71,000.
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 326 neighbourhoods that have more properties on sale than Cluny at the moment in Alberta which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Is Cluny a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Over the last three months in Cluny, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Cluny 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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