Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Shelley Home Price
The median house price listed in Shelley this month is $144,450.
British Columbia has the third most amount of properties available to property investors, with Shelley having 313th most in the province, out of a total of 347.
Is Shelley 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 stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
As one of British Columbia’s many potential real estate investment neighbourhoods, Shelley needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
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