Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Gordonsville Home Price
The median asking price in Gordonsville is $89,900, quite a drop from the median three months ago which was $214,450 .
With Gordonsville’s median house price at $89,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of New Brunswick.
Gordonsville’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
According to our stats, Gordonsville is the neighbourhood that has the 224th most properties available to real estate investors in New Brunswick.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Gordonsville will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Gordonsville there is more stock than three months ago. This would indicate pressure on prices easing.
Can we guarantee how well Gordonsville is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
Over the last three months in Gordonsville, 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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