Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Mayne Island 6 Home Price
With a median listing price of $489,950, Mayne Island 6 is Canada’s 377th most expensive when ordered by median listing price.
In Aug the median listed house price of $489,950 in Mayne Island 6 was an above average compared to the rest of British Columbia.
If you’re looking at investment properties in Mayne Island 6, then you’re most likely to find homes with 2 bedrooms on sale this month.
From our data, it appears that neighbourhood is number 1527th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 40.
Will prices rise across the next year in in Mayne Island 6? There are a number of real estate indicators to consider.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Mayne Island 6 there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Is Mayne Island 6 a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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 Mayne Island 6 have stayed pretty much the same which would tend to indicate that demand is steady.
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