Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Sidney Home Price
The median asking price in Sidney is $139,900, quite a drop from the median three months ago which was $269,450 .
With Sidney’s median house price at $139,900 in Aug , it is below average compared to the rest of Manitoba.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
Manitoba has the sixth least amount of properties available to property investors, with Sidney having 178th most in the province, out of a total of 250.
Is Sidney 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.
Can we guarantee how well Sidney 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.
If you are looking at investment properties in Sidney, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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