Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Harcourt Home Price
Harcourt was Canada’s 5127th most expensive suburb by listed median house price this month.
The $49,950 price tag on the median Harcourt home means that it is very cheap in comparison to the rest of the nation.
New Brunswick has the seventh most amount of properties available to property investors, with Harcourt having 306th most in the province, out of a total of 421.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Harcourt 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.
In Harcourt, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
When we look at the data we have, it can help with trying to establish whether or not Harcourt is a good investment target.
Over the last three months in Harcourt, 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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