Stats are a common tool used to help you with the purchase of an Edmonton home. They can help you understand the real estate market better. However, they can also inadvertently hurt you, especially if you plan to purchase a luxury property.
You can certainly use statistics to get a good idea of the average price in a specific community. They can also be used to help get a more accurate look at the actual community and to negotiate a better price. However, they can also be used in the wrong way. Here are some of the most common ways stats can trip you up.
Single Sales
Instead of using averages, using single sales can really trip you up. Whenever possible, you want to use the average of at least 10 sales in the neighbourhood or zone. This makes
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