Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Ingramport Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Ingramport is number 2363 putting it in the top half of the country .
With Ingramport’s median house price at $229,949 in Aug , it is above average compared to the rest of Nova Scotia.
Nova Scotia has the fifth most amount of properties available to property investors, with Ingramport having 587th most in the province, out of a total of 825.
Is Ingramport a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Ingramport there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Ingramport 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.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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