From a realtor:. `4 H" m7 E7 m( d& f# Z
I get new listings/changed listings/price changes sent to me weekly. I can’t tell you how many have had “price reduced” on them. Houses that were priced 560+ are now going for 499K. 9 C# t& C6 B v' R. a- VThe inventory is a bit low, but a lot of the inventory that we are looking for (500k+) are really crappy houses. We know of a house that we’ve had our eye on for about a year and its been on the market for 5 years (vacant). A brand new build…that’s going from original asking price of 780K down to 650K. I can’t imagine the holding costs on this house (property taxes, utilities) for the 5 years. 0 \+ Y' d8 d' A/ Y; pWe find a lot of houses that are built during the boom have unrealistic prices, houses built from 2006-2007/2008. \5 H0 L7 [ l0 ~ Y
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You need to look at price history, not the Days on Market number. Many houses get relisted when they cant sell for the original asking price.3 @1 l) i% o( X' K8 W( Z
My wife and I have gone to many house viewings thst have been in the msrket for 6 months to over a year this month.0 [ E9 E& ?6 X( ]- Q
ask your sales person for a price history. The ask/sell price stats are a complete lie. Any honest realtor will tell you that (like ours). 1 E# i# d. P/ v( }( C) N6 C- D M
This is only one of the comments from the following blog:. r$ M. u: I( l
" Z& X4 Y0 }7 s- d0 l) A http://edmontonrealestateblog.co ... -1213.html#comments2 j) N2 e( g E/ z9 L
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Actually, the blog is good for poeple who are intered in the real estate info such as Edmonton Real Estate Market Weekly Update. The link is as below:0 G" o; t7 Q! J& N5 Y2 V |2 g
! [8 |' J ]! W1 c3 `& q% Y" d http://edmontonrealestateblog.com