^ exactly
Quote:
Originally Posted by BLACK STAR
How do those examples show anything but average sales in that given neighborhood.
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I only follow transactions in my area, but the assumption would be that what's going on in my area is reflective of the city, for the most part. And as these properties are in a typically lower valued part of central Edmonton it's a good sign that people are interested in investing in central areas of Edmonton. Properties being sold for asking value or above means multiple offers and perhaps bidding wars for properties, which would indicate that the local real estate market is getting hot.