Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Flaxcombe Home Price
Across the nation CREW lists data for 4862 neighbourhoods, and this month Flaxcombe is number 3029 putting it in the bottom half of the country .
In Aug the median listed house price of $184,000 in Flaxcombe was an above average compared to the rest of Saskatchewan.
Saskatchewan has the fifth least amount of properties available to property investors, with Flaxcombe having 250th most in the province, out of a total of 384.
It’s never an exact art, but to try to forecast how property is going to appreciate in Flaxcombe for investors, it’s important to look at data like:
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Flaxcombe there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Flaxcombe 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.
Over the last three months in Flaxcombe, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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