Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
McLeese Lake Home Price
When looking across the province, McLeese Lake is the 337th most expensive in British Columbia.
The $179,500 price tag on the median McLeese Lake home means that it is below the national norm.
In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then McLeese Lake has fewer than average compared to the rest of the province
Is McLeese Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In McLeese Lake, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for McLeese Lake will hopefully provide an indicator to help you where to research in-depth
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 McLeese Lake have stayed pretty much the same which would tend to indicate that demand is steady.
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