Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Prospect Home Price
Canada’s national median home listing price this month is $290,900, which means that Prospect is in the top 40% for Canada.
In Aug the median listed house price of $299,900 in Prospect was an impressive compared to the rest of Nova Scotia.
According to our stats, Prospect is the neighbourhood that has the 121th most properties available to real estate investors in Nova Scotia.
It’s never an exact art, but to try to forecast how property is going to appreciate in Prospect for investors, it’s important to look at data like:
Over the last three months in Prospect, housing stock available seems to be falling – this could mean that homes values might increase faster.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Prospect will hopefully provide an indicator to help you where to research in-depth
In Prospect, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
Corresponding census subdivisions are provided for the following place names where data is not available.
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