Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Langley Home Price
When looking across the province, Langley is the 48th most expensive in British Columbia.
The $750,000 price tag on the median Langley home means that it is quite highly priced by Canadian standards.
If you’re looking at investment properties in Langley, then you’re most likely to find homes with 3 bedrooms on sale this month.
This month we track 8th neighbourhoods in British Columbia, and Langley has the 8th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Langley for investors, it’s important to look at data like:
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 Langley have dried up which would tend to indicate that demand is higher than the supply of new properties.
When looking across the province, Langley is the 67th most expensive in British Columbia.
The $259,900 price tag on the median Langley home means that it is above the cost of most houses in the country.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
According to our stats, Langley is the neighbourhood that has the 11th most properties available to real estate investors in British Columbia.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Langley 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.
Corresponding census subdivisions are provided for the following place names where data is not available.
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