Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Penticton Home Price
The median asking price in Penticton is $459,950, a substantial increase over the median three months ago which was $399,900 .
The median house price listed in Penticton this month is $459,950.
If you’re looking at investment properties in Penticton, then you’re most likely to find homes with 3 bedrooms on sale this month.
British Columbia has the third most amount of properties available to property investors, with Penticton having 22th most in the province, out of a total of 359.
Will prices rise across the next year in in Penticton? There are a number of real estate indicators to consider.
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 Penticton have dried up which would tend to indicate that demand is higher than the supply of new properties.
Canada’s national median home listing price this month is $244,900, which means that Penticton is in the top 40% for Canada.
In Aug the median listed house price of $298,400 in Penticton was an above average compared to the rest of British Columbia.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Penticton has a huge choice compared to the rest of the province
Can we guarantee how well Penticton 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.
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