Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Laterrière Home Price
The median asking price in Laterrière is $232,450, pretty close to the median three months ago which was $237,500 .
While the median for Quebec is $224,900 , which means that Laterrière’s median price is $232,450 better than average than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
There are 1047 neighbourhoods that have more properties on sale than Laterrière at the moment in Quebec which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Laterrière will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Laterrière, housing stock available seems to be falling – this could mean that homes values might increase faster.
When looking across the province, Laterrière is the 215th most expensive in Quebec.
With Laterrière’s median house price at $189,000 in Aug , it is about average compared to the rest of Quebec.
Laterrière’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 3 bedrooms.
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 Laterrière have dried up which would tend to indicate that demand is higher than the supply of new properties.
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