Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Warfield Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Warfield is number 2438 putting it in the top half of the country .
In Aug the median listed house price of $226,750 in Warfield was relatively low compared to the rest of British Columbia.
If you’re looking at investment properties in Warfield, then you’re most likely to find homes with 3 bedrooms on sale this month.
Across British Columbia Warfield has the 208th most properties on offer with 359.
Is Warfield a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
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.
As one of British Columbia’s many potential real estate investment neighbourhoods, Warfield 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.
If you are looking at investment properties in Warfield, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.
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