Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Palmer Road Home Price
Last month, Palmer Road was Canada’s 4264th priciest – this month at number 4264 it’s gained 208 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the improvement continues.
While the median for Prince Edward Island is $174,000 , which means that Palmer Road’s median price is $99,450 a lot lower than the rest of the province.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
From our data, it appears that neighbourhood is number 3937th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Palmer Road 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 Palmer Road have stayed pretty much the same which would tend to indicate that demand is steady.
Can we guarantee how well Palmer Road 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Palmer Road there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
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