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不止是有点暖,是高烧~8 B$ s \' |8 [% b2 u3 g( [0 l
- a; Y. ~: V0 A* s* E# t& zhttp://www.edmontonjournal.com/b ... ?cid=megadrop_story
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Edmonton sees 26% spike in luxury-home sales
' B5 Z+ r' T3 r& @# N4 | High-end houses defy real estate cooling trend1 q. ^# n* c C, }& b# l6 |2 H8 e
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EDMONTON — While homebuying activity is cooling in Edmonton, luxury-home sales are picking up, says a new national report by ReMax.
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8 l0 x5 l! R6 d, r- Q“One area of the market that has outperformed all others is the upper end,” said the ReMax Market Trends Report Fall 2010 released Tuesday.! |1 q+ n/ o: H3 {" b/ S
1 ?) v' l: V# Q0 ASales of homes priced more than $700,000 are up 26 per cent over 2009, with 240 upscale properties changing hands as of August, compared to 190 units for the same period last year, it said. / D" n J) }. W) U3 ~3 B
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Fifty-five homes in the Edmonton area have sold for more than $1 million.( T9 V5 O! m9 G8 T7 K4 |4 s+ ?
+ @$ I( a8 y, X: L, _The urgency in Edmonton’s residential housing market — prompted by tighter lending policies and the threat of higher interest rates earlier in the year — has given way to more stable conditions heading into the fourth quarter of 2010, the report said.1 D7 m+ P& F- P+ T' }
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“Positive announcements in the oil and gas sector should spur renewed activity in residential real estate — as evidenced in the first few weeks of September. 5 p$ {5 t" {9 y+ o' L* V
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“Despite recent hikes, interest rates remain attractive with a five-year closed hovering at four per cent. The outlook for the remainder of the year is stable, with no real fluctuations in either sales or price.”) `1 a, z0 _+ H; c/ C/ E: E+ ?
- l5 s1 g( X' yYear-to-date sales have slipped 14 per cent to 11,773 units, compared to 13,694 during the same period a year earlier, the report said.& X$ t: l" x* n) [
! J# ?6 U G! r0 I( oThe sales-to-listing ratio is now 47 per cent, down from 59 per cent in 2009, but up from 42 per cent in 2008., Y- i/ }8 i, L1 E9 G+ W
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Average price is holding steady, up about four cent to $332,789 in 2010, about $12,500, or 3.9 per cent, higher than a year ago when the residential average was $320,289, the report said.( }$ B& e" ?/ P2 @- d
# m4 x3 F* N9 k$ ?) lInventory levels are up marginally over last year, but down from peak levels reached in 2007 and 2008, ReMax said.! Q% H" v: i/ G) v3 R" P1 }
}7 J0 h5 ^: y( c“As a result, the housing market has been characterized as balanced, slightly favouring the buyer,” the report said.
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) [6 F% x: J. q5 o- j) NFirst-time buyers in Edmonton remain most active, driving sales of single-family homes between $250,000 and $350,000. Condos represent 34 per cent of residential sales.1 p$ }- f% b' M5 H/ |6 D& e6 a* u
# ]7 o6 o7 p* cAn influx of new units recently has pushed up supply, putting downward pressure on condo prices, according to the report. Tighter lending rules, requiring a 20-per-cent down payment, “is proving to be detrimental to investment activity.”
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The report, which covered trends and developments in 19 major centres from January to August, found year-to-date sales ahead of 2009 levels in 11 markets.3 [, g4 g5 J0 o9 a
! y" _0 m" L8 K& D U; E2 S9 CPrices were up year-over-year in all cities, with five experiencing double-digit gains in 2010: Vancouver, St. John’s, Sudbury, Winnipeg and the Greater Toronto Area.. G! @! [- f8 A2 G. \1 S
3 Q8 p- D5 F& z“We cleaned up in the first quarter of 2010 because housing activity during the same period one year earlier was dismal,” said Elton Ash, regional executive vice-president of ReMax, Western Canada.
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P8 t# Z) y, j“We’re now comparing the second half of the year to 2009 and falling short of expectations. Looking at the big picture however, the market remains healthy.” |
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