Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Egerton Home Price
Across the country as a whole, Egerton is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Nova Scotia is $232,500 , which means that Egerton’s median price is $149,250 a lot lower than the rest of the province.
According to our stats, Egerton is the neighbourhood that has the 323th most properties available to real estate investors in Nova Scotia.
When we look at the data we have, it can help with trying to establish whether or not Egerton is a good investment target.
In Egerton, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Egerton will hopefully provide an indicator to help you where to research in-depth
If you are looking at investment properties in Egerton, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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