Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
Wycliffe Home Price
With a median listing price of $849,000, Wycliffe is Canada’s 99th most expensive when ordered by median listing price.
While the median for British Columbia is $519,000 , which means that Wycliffe’s median price is $849,000 considerably better than the rest of the province.
If you’re looking at investment properties in Wycliffe, then you’re most likely to find homes with 3 bedrooms on sale this month.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Wycliffe has fewer than average compared to the rest of the province
As one of British Columbia’s many potential real estate investment neighbourhoods, Wycliffe 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.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Wycliffe there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
In Wycliffe, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”