Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Mayfield Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Mayfield is number 3577 putting it in the bottom half of the country .
With Mayfield’s median house price at $167,450 in Aug , it is above average compared to the rest of New Brunswick.
From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
Is Mayfield a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
If you are looking at investment properties in Mayfield, then there are fewer homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a sellers market.
It’s never an exact art, but to try to forecast how property is going to appreciate in Mayfield for investors, it’s important to look at data like:
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