Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Westchester Home Price
Across the country as a whole, Westchester is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
While the median for Nova Scotia is $232,500 , which means that Westchester’s median price is $72,400 a lot lower than the rest of the province.
Nova Scotia has the fifth most amount of properties available to property investors, with Westchester having 587th most in the province, out of a total of 825.
Can we guarantee how well Westchester 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.
Over the last three months in Westchester, housing stock available seems to be staying constant – this could mean that homes values might not be hugely affected by supply constraints.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Westchester will hopefully provide an indicator to help you where to research in-depth
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Westchester have stayed pretty much the same which would tend to indicate that demand is steady.
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