Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Lac-Simon Home Price
Lac-Simon was Canada’s 2119th most expensive suburb by listed median house price this month.
While the median for Quebec is $224,900 , which means that Lac-Simon’s median price is $248,500 better than average than the rest of the province.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
Quebec has the second most amount of properties available to property investors, with Lac-Simon having 134th most in the province, out of a total of 1047.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lac-Simon will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
Canada’s national median home listing price this month is $244,900, which means that Lac-Simon is in the top 40% for Canada.
In Aug the median listed house price of $279,250 in Lac-Simon was an impressive compared to the rest of Quebec.
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.
According to our stats, Lac-Simon is the neighbourhood that has the 373th most properties available to real estate investors in Quebec.
Can we guarantee how well Lac-Simon 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.
If you are looking at investment properties in Lac-Simon, 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.
Corresponding census subdivisions are provided for the following place names where data is not available.
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