Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Woodvale Home Price
Across the nation CREW lists data for 5162 neighbourhoods, and this month Woodvale is number 2258 putting it in the top half of the country .
The $239,000 price tag on the median Woodvale home means that it is about average price.
There are 218 neighbourhoods that have more properties on sale than Woodvale at the moment in Prince Edward Island which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.
Will prices rise across the next year in in Woodvale? There are a number of real estate indicators to consider.
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.
Is Woodvale 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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