Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Prince George Home Price
Prince George was Canada’s 1631th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $285,000 in Prince George was a below average compared to the rest of British Columbia.
Investors looking for properties in Prince George are most likely to find 4 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.
British Columbia has the third most amount of properties available to property investors, with Prince George having 6th most in the province, out of a total of 359.
Will prices rise across the next year in in Prince George? There are a number of real estate indicators to consider.
Over the last three months in Prince George, housing stock available seems to be falling – this could mean that homes values might increase faster.
With a median listing price of $187,950, Prince George is Canada’s 651th most expensive when ordered by median listing price.
While the median for British Columbia is $349,000 , which means that Prince George’s median price is $187,950 below average than the rest of the province.
1 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are 124 neighbourhoods that have more properties on sale than Prince George at the moment in British Columbia which puts the neighbourhood top 40% when looking at the number of properties to choose from.
Is Prince George a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Prince George, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.
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