Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Radway Home Price
With Radway’s median house price at $141,500 in Aug , it is one of the cheapest neighbourhoods compared to the rest of Alberta.
Radway’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
Alberta has the fourth most amount of properties available to property investors, with Radway having 230th most in the province, out of a total of 339.
Will prices rise across the next year in in Radway? There are a number of real estate indicators to consider.
If you are looking at investment properties in Radway, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
In Radway, 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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