Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Loch Lomond Home Price
When looking across the province, Loch Lomond is the 100th most expensive in Newfoundland and Labrador.
While the median for Newfoundland and Labrador is $293,900 , which means that Loch Lomond’s median price is $198,900 below average than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Sep this neighbourhood’s most common listing has properties with fewer bedrooms.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Loch Lomond needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Sep this neighbourhood’s most common listing the same as the national average.
Can we guarantee how well Loch Lomond 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.
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 Loch Lomond have stayed pretty much the same which would tend to indicate that demand is steady.
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