Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Sturgis Home Price
Sturgis was Canada’s 4910th most expensive suburb by listed median house price this month.
The median house price listed in Sturgis this month is $82,950.
Sturgis’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 2 bedrooms.
From our data, it appears that neighbourhood is number 2268th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 50.
As one of Saskatchewan’s many potential real estate investment neighbourhoods, Sturgis 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.
In Sturgis, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
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.
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 Sturgis have stayed pretty much the same which would tend to indicate that demand is steady.
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