Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Innisfil Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Innisfil is number 266 putting it ahead of most neighbourhoods .
In Aug the median listed house price of $599,450 in Innisfil was an impressive compared to the rest of Ontario.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
The number of homes for sale this month in the neighbourhood has increased substantially at 1145 in Aug .
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Innisfil will hopefully provide an indicator to help you where to research in-depth
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Innisfil, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 275, this month we show 130.
Innisfil, Ontario has a median house price of $554,950 when compiling all the home listings in Aug .
There are 196 neighbourhoods that have more properties on sale than Innisfil at the moment in Ontario which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Can we guarantee how well Innisfil 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.
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 Innisfil have stayed pretty much the same which would tend to indicate that demand is steady.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media