Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Queens Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Queens is number 1861 putting it in the top half of the country .
Queens, Prince Edward Island has a median house price of $267,450 when compiling all the home listings in Aug .
Queens’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
Prince Edward Island has the fourth least amount of properties available to property investors, with Queens having 36th most in the province, out of a total of 218.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Queens will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
Is Queens a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Queens, 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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