Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Lorette Home Price
Lorette was Canada’s 793th most expensive suburb by listed median house price this month.
The median house price listed in Lorette this month is $394,500.
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.
From our data, it appears that neighbourhood is number 1055th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 30.
As one of Manitoba’s many potential real estate investment neighbourhoods, Lorette 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.
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 Lorette have dried up which would tend to indicate that demand is higher than the supply of new properties.
Across the country as a whole, Lorette is pretty average when all of Canada’s suburbs are listed in order of real estate listing prices.
With Lorette’s median house price at $189,900 in Aug , it is about average compared to the rest of Manitoba.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Across Manitoba Lorette has the 6th most properties on offer with 25.
Can we guarantee how well Lorette 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 Lorette, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
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