Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Mara Home Price
Across the country as a whole, Mara is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Mara’s median house price at $589,000 in Aug , it is above average compared to the rest of British Columbia.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Across British Columbia Mara has the 199th most properties on offer with 359.
When we look at the data we have, it can help with trying to establish whether or not Mara is a good investment target.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Mara there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
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