Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Pender Island Home Price
Pender Island was Canada’s 268th most expensive suburb by listed median house price this month.
Pender Island, British Columbia has a median house price of $599,000 when compiling all the home listings in Aug .
Investors looking for properties in Pender Island are most likely to find 3 bedroom homes on offer this month, with 2 bedroom potential investment properties the second most popular.
British Columbia has the third most amount of properties available to property investors, with Pender Island having 66th most in the province, out of a total of 359.
When we look at the data we have, it can help with trying to establish whether or not Pender Island is a good investment target.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Across the nation CREW lists data for 1054 neighbourhoods, and this month Pender Island is number 990 putting it behind most of Canada .
The median house price listed in Pender Island this month is $100,000.
According to our stats, Pender Island is the neighbourhood that has the 115th most properties available to real estate investors in British Columbia.
It’s never an exact art, but to try to forecast how property is going to appreciate in Pender Island for investors, it’s important to look at data like:
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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