Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Portage Vale Home Price
Across the country as a whole, Portage Vale is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The $79,900 price tag on the median Portage Vale home means that it is very cheap in comparison to the rest of the nation.
There are 421 neighbourhoods that have more properties on sale than Portage Vale at the moment in New Brunswick which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
As one of New Brunswick’s many potential real estate investment neighbourhoods, Portage Vale 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.
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 Portage Vale have increased which would tend to indicate that demand is not as high as supply.
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 Portage Vale, 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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