Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Iona Home Price
With a median listing price of $90,400, Iona is Canada’s 4220th most expensive when ordered by median listing price.
In Nov the median listed house price of $90,400 in Iona was relatively low compared to the rest of Prince Edward Island.
Prince Edward Island has the fifth least amount of properties available to property investors, with Iona having 133th most in the province, out of a total of 214.
Is Iona a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Iona, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
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 Iona have stayed pretty much the same which would tend to indicate that demand is steady.
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