Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Petit-Cap Home Price
Petit-Cap was Canada’s 3649th most expensive suburb by listed median house price this month.
The $162,450 price tag on the median Petit-Cap home means that it is below the national norm.
3 bedroom properties are the most common available for real estate investors this month in neighbourhood.
According to our stats, Petit-Cap is the neighbourhood that has the 128th most properties available to real estate investors in New Brunswick.
When we look at the data we have, it can help with trying to establish whether or not Petit-Cap 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.
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.
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 Petit-Cap have stayed pretty much the same which would tend to indicate that demand is steady.
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