Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Derwent Home Price
With a median listing price of $87,400, Derwent is Canada’s 4868th most expensive when ordered by median listing price.
The $87,400 price tag on the median Derwent home means that it is very cheap in comparison to the rest of the nation.
There are 339 neighbourhoods that have more properties on sale than Derwent at the moment in Alberta which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Will prices rise across the next year in in Derwent? There are a number of real estate indicators to consider.
In Derwent, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
As one of Alberta’s many potential real estate investment neighbourhoods, Derwent 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.
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