Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Sandringham Home Price
With a median listing price of $159,900, Sandringham is Canada’s 3445th most expensive when ordered by median listing price.
The $159,900 price tag on the median Sandringham home means that it is below the national norm.
If you’re looking at investment properties in Sandringham, then you’re most likely to find homes with 2 bedrooms on sale this month.
There are 201 neighbourhoods that have more properties on sale than Sandringham at the moment in Newfoundland and Labrador which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.
When we look at the data we have, it can help with trying to establish whether or not Sandringham is a good investment target.
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 Sandringham have increased which would tend to indicate that demand is not as high as supply.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Sandringham will hopefully provide an indicator to help you where to research in-depth
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”