Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Penniac Home Price
When looking across the province, Penniac is the 77th most expensive in New Brunswick.
Penniac, New Brunswick has a median house price of $218,900 when compiling all the home listings in Aug .
Across New Brunswick Penniac has the 158th most properties on offer with 421.
When we look at the data we have, it can help with trying to establish whether or not Penniac is a good investment target.
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.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
New Brunswick has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Over the last three months in Penniac, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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