Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Placentia Home Price
With a median listing price of $116,950, Placentia is Canada’s 4496th most expensive when ordered by median listing price.
While the median for Newfoundland and Labrador is $209,000 , which means that Placentia’s median price is $116,950 a lot lower than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.
As one of Newfoundland and Labrador’s many potential real estate investment neighbourhoods, Placentia needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Placentia, the amount of stock on the market is about the same which is neither good nor bad indicator for house prices. Three months ago there were 2, this month we show 2.
In Placentia, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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