Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Oyen Home Price
The median asking price in Oyen is $162,000, less than the median three months ago which was $160,500 .
Want a cheaply priced house? Then at $162,000 this month, Oyen, Alberta is somewhere that you should look at price wise.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are 339 neighbourhoods that have more properties on sale than Oyen at the moment in Alberta which puts the neighbourhood middle range when looking at the number of properties to choose from.
It’s never an exact art, but to try to forecast how property is going to appreciate in Oyen for investors, it’s important to look at data like:
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
When looking across the province, Oyen is the 86th most expensive in Alberta.
The $176,250 price tag on the median Oyen home means that it is below the national norm.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Oyen has not many at all compared to the rest of the province
Can we guarantee how well Oyen is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
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.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media