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不止是有点暖,是高烧~! G. d! c3 N1 e7 D
9 b# g/ |% G' P( s5 shttp://www.edmontonjournal.com/b ... ?cid=megadrop_story
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Edmonton sees 26% spike in luxury-home sales
) m% j! l5 M0 m p6 G2 b High-end houses defy real estate cooling trend: l2 Y- ]5 a0 I
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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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2 O, d0 C7 d5 A. F1 T% P& A/ N“One area of the market that has outperformed all others is the upper end,” said the ReMax Market Trends Report Fall 2010 released Tuesday.% W7 B* e% b9 k- C6 v; ?6 Y8 b1 n$ k
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Sales 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. 7 P& w; t1 k7 w. ]2 [& z
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Fifty-five homes in the Edmonton area have sold for more than $1 million.! X; x( H4 u9 v, y, K
% E4 Z4 m# h) DThe 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. E( r# I. J/ n
' B+ o/ J. N; \0 _8 e% J“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. 9 @8 O* g1 v# F" S. v/ \4 w
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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.”! o, }! F* U5 k' ?5 M- A% c- F
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Year-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.
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The sales-to-listing ratio is now 47 per cent, down from 59 per cent in 2009, but up from 42 per cent in 2008.3 o7 H; W) [7 k# t& I6 ?
Z, ]! K& S) n5 J! N9 Z' }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.
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2 b4 m6 X" r2 _. U J3 SInventory levels are up marginally over last year, but down from peak levels reached in 2007 and 2008, ReMax said.
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“As a result, the housing market has been characterized as balanced, slightly favouring the buyer,” the report said.
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First-time buyers in Edmonton remain most active, driving sales of single-family homes between $250,000 and $350,000. Condos represent 34 per cent of residential sales.9 X) G) r0 ?/ p* |# A, A$ w
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An 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.
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" b$ K2 }& H# P! g6 A2 K9 fPrices 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.
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) R9 w0 X6 k% T/ Z0 i“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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! A, [, p( j* L/ {+ g“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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