Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
North East Point Home Price
Across the country as a whole, North East Point is in the Top 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
With North East Point’s median house price at $337,500 in Aug , it is high priced compared to the rest of Nova Scotia.
There are 825 neighbourhoods that have more properties on sale than North East Point at the moment in Nova Scotia which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not North East Point 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 North East Point there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for North East Point will hopefully provide an indicator to help you where to research in-depth
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