Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Havre-Saint-Pierre Home Price
The median asking price in Havre-Saint-Pierre is $207,400, pretty close to the median three months ago which was $214,450 .
Havre-Saint-Pierre, Quebec has a median house price of $207,400 when compiling all the home listings in Aug .
There are 1047 neighbourhoods that have more properties on sale than Havre-Saint-Pierre at the moment in Quebec which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Havre-Saint-Pierre is a good investment target.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Havre-Saint-Pierre have increased which would tend to indicate that demand is not as high as supply.
While the median for Quebec is $198,000 , which means that Havre-Saint-Pierre’s median price is $1,350,000 considerably better than the rest of the province.
This month we track 268th neighbourhoods in Quebec, and Havre-Saint-Pierre has the 268th most choice available for real estate investors.
As one of Quebec’s many potential real estate investment neighbourhoods, Havre-Saint-Pierre 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 Havre-Saint-Pierre, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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