Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Wentworth Home Price
When looking across the province, Wentworth is the 547th most expensive in Nova Scotia.
When our research team crunched the numbers we calculated that Wentworth has a median home price of $164,700.
This month we track 158th neighbourhoods in Nova Scotia, and Wentworth has the 158th most choice available for real estate investors.
Is Wentworth 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 increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.
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 Nova Scotia’s many potential real estate investment neighbourhoods, Wentworth 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 Wentworth, 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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