Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Lundar Home Price
While the median for Manitoba is $264,900 , which means that Lundar’s median price is $219,900 better than average than the rest of the province.
This month we track 95th neighbourhoods in Manitoba, and Lundar has the 95th most choice available for real estate investors.
Can we guarantee how well Lundar 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.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Manitoba 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.
If you are looking at investment properties in Lundar, 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.
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