Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Sun Peaks Home Price
Across the country as a whole, Sun Peaks is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
The median house price listed in Sun Peaks this month is $869,000.
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.
This month we track 133th neighbourhoods in British Columbia, and Sun Peaks has the 133th most choice available for real estate investors.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Sun Peaks will hopefully provide an indicator to help you where to research in-depth
Over the last three months in Sun Peaks, housing stock available seems to be falling – this could mean that homes values might increase faster.
When looking across the province, Sun Peaks is the 112th most expensive in British Columbia.
When our research team crunched the numbers we calculated that Sun Peaks has a median home price of $99,900.
Sun Peaks’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 2 bedrooms.
There are 124 neighbourhoods that have more properties on sale than Sun Peaks at the moment in British Columbia which puts the neighbourhood top 40% when looking at the number of properties to choose from.
As one of British Columbia’s many potential real estate investment neighbourhoods, Sun Peaks 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.
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 Sun Peaks have dried up which would tend to indicate that demand is higher than the supply of new properties.
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