Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Mohannes Home Price
While the median for New Brunswick is $174,900 , which means that Mohannes’s median price is $153,150 below average than the rest of the province.
This month we track 297th neighbourhoods in New Brunswick, and Mohannes has the 297th most choice available for real estate investors.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Mohannes needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Jun this neighbourhood’s most common listing the same as the national average.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Mohannes will hopefully provide an indicator to help you where to research in-depth
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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