Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Long Point Home Price
Canada’s national median home listing price this month is $290,900, which means that Long Point is in the top 20% for Canada.
While the median for Nova Scotia is $232,500 , which means that Long Point’s median price is $456,750 considerably better than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
According to our stats, Long Point is the neighbourhood that has the 587th most properties available to real estate investors in Nova Scotia.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Long Point 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.
If you are looking at investment properties in Long Point, 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.
Nova Scotia has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Long Point there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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