Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Tappen Home Price
Canada’s national median home listing price this month is $290,900, which means that Tappen is in the top 20% for Canada.
The median house price listed in Tappen this month is $512,450.
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.
Across British Columbia Tappen has the 128th most properties on offer with 359.
As one of British Columbia’s many potential real estate investment neighbourhoods, Tappen 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 Tappen there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Can we guarantee how well Tappen 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.
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.
Corresponding census subdivisions are provided for the following place names where data is not available.
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