What Impact Might COVID-19 Have on Home Values? What Impact Might COVID-19 Have on Home Values? | A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand, which is how many items are available in relation to how many consumers want to buy that item. In residential real estate, the measurement used to decipher that ratio is called months supply of inventory. A normal market would have 6-7 months of inventory. Anything over seven months would be considered a buyers’ market, with downward pressure on prices. Anything under six months would indicate a sellers’ market, which would put upward pressure on prices.
Located 2 kms south of Cavendish corner, just minutes to white sandy beaches, Anne of Green Gables, deep sea fishing, and world class golf courses. Approximately 30 minutes to the capital city of Charlottetown. Property covers 7.52 acres with a septic system on site. Property is zoned RD2 with many permitted uses. All measurements are approximate and should be verified by purchaser if deemed necessary. (id:2493)
Located in Mermaid PEI, set on .38 of an acre, this waterfront lot overlooking the Hillsborough River provides peace, tranquility and relaxation, only minutes from Charlottetown. If you are looking for that affordable water front location, here it is! No PCDS, property being sold 'as is where is'.
Located in Mermaid PEI, set on .38 of an acre, this waterfront lot overlooking the Hillsborough River provides peace, tranquility and relaxation, only minutes from Charlottetown. If you are looking for that affordable water front location, here it is! No PCDS, property being sold 'as is where is'. (id:2493)
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