Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Lebret Home Price
Last month, Lebret was Canada’s 3193th priciest – this month at number 3193 it’s gained 98 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the improvement continues.
The $166,400 price tag on the median Lebret home means that it is below the national norm.
Saskatchewan has the fifth most amount of properties available to property investors, with Lebret having 282th most in the province, out of a total of 353.
Can we guarantee how well Lebret 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.
In Lebret, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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.
Is Lebret a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
“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