Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Unionvale Home Price
With a median listing price of $49,250, Unionvale is Canada’s 5018th most expensive when ordered by median listing price.
The $49,250 price tag on the median Unionvale home means that it is very cheap in comparison to the rest of the nation.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Jun this neighbourhood’s most common listing has properties with fewer bedrooms.
This month we track 113th neighbourhoods in Prince Edward Island, and Unionvale has the 113th most choice available for real estate investors.
It’s never an exact art, but to try to forecast how property is going to appreciate in Unionvale for investors, it’s important to look at data like:
Over the last three months in Unionvale, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Jun this neighbourhood’s most common listing the same as the national average.
Is Unionvale a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.
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