Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Spry Bay Home Price
Across the country as a whole, Spry Bay is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.
With Spry Bay’s median house price at $154,700 in Oct , it is below average compared to the rest of Nova Scotia.
As one of Nova Scotia’s many potential real estate investment neighbourhoods, Spry Bay 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Spry Bay there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Spry Bay will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Spry Bay, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
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