Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Crofton Home Price
In Aug the median listed house price of $394,900 in Crofton was a below average compared to the rest of British Columbia.
If you’re looking at investment properties in Crofton, then you’re most likely to find homes with 4 bedrooms on sale this month.
This month we track 236th neighbourhoods in British Columbia, and Crofton has the 236th most choice available for real estate investors.
British Columbia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Over the last three months in Crofton, housing stock available seems to be getting more prevalent – this could mean that homes values might be less affected by availability problems.
With a median listing price of $384,450, Crofton is Canada’s 94th most expensive when ordered by median listing price.
With Crofton’s median house price at $384,450 in Aug , it is high priced compared to the rest of British Columbia.
Across British Columbia Crofton has the 74th most properties on offer with 124.
As one of British Columbia’s many potential real estate investment neighbourhoods, Crofton 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Crofton there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
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