Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Wellington Home Price
While the median for Nova Scotia is $232,500 , which means that Wellington’s median price is $392,400 considerably better than the rest of the province.
From our data, it appears that neighbourhood is number 974th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 20.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Wellington will hopefully provide an indicator to help you where to research in-depth
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
It’s never an exact art, but to try to forecast how property is going to appreciate in Wellington for investors, it’s important to look at data like:
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.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media