Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Schurman's Point Home Price
Canada’s national median home listing price this month is $290,900, which means that Schurman's Point is in the top 40% for Canada.
While the median for Prince Edward Island is $179,600 , which means that Schurman's Point’s median price is $269,900 better than average than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
According to our stats, Schurman's Point is the neighbourhood that has the 87th most properties available to real estate investors in Prince Edward Island.
Is Schurman's Point a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
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.
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.
Can we guarantee how well Schurman's Point is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In Schurman's Point, 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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