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不止是有点暖,是高烧~, C: n6 R% j$ u$ Q$ M" f* p6 g
# i/ u5 M/ ?; Y7 ~+ k. |! \http://www.edmontonjournal.com/b ... ?cid=megadrop_story9 U( t1 N, z& a; ]. n6 e: H
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: r; A6 ] }7 }5 G9 b6 iEdmonton sees 26% spike in luxury-home sales! v# C c1 e8 A6 F9 E1 T
High-end houses defy real estate cooling trend
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) g; o6 y5 f" ^4 f1 N$ l& nEDMONTON — While homebuying activity is cooling in Edmonton, luxury-home sales are picking up, says a new national report by ReMax.
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“One area of the market that has outperformed all others is the upper end,” said the ReMax Market Trends Report Fall 2010 released Tuesday.
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+ k+ O; x4 I1 D" W3 Z) s2 V! zSales of homes priced more than $700,000 are up 26 per cent over 2009, with 240 upscale properties changing hands as of August, compared to 190 units for the same period last year, it said.
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- U$ O" R8 L9 D) {/ TFifty-five homes in the Edmonton area have sold for more than $1 million.
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% i4 F9 S1 q+ t1 rThe urgency in Edmonton’s residential housing market — prompted by tighter lending policies and the threat of higher interest rates earlier in the year — has given way to more stable conditions heading into the fourth quarter of 2010, the report said.
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2 r! G8 `% E+ \$ Z“Positive announcements in the oil and gas sector should spur renewed activity in residential real estate — as evidenced in the first few weeks of September. 0 C( q3 Q0 `4 S3 l
3 o- W+ E% `4 L1 J9 [3 ~“Despite recent hikes, interest rates remain attractive with a five-year closed hovering at four per cent. The outlook for the remainder of the year is stable, with no real fluctuations in either sales or price.”
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Year-to-date sales have slipped 14 per cent to 11,773 units, compared to 13,694 during the same period a year earlier, the report said.; S( [0 A4 ~" _4 {% v0 H
; A7 N1 z1 `2 `8 @: mThe sales-to-listing ratio is now 47 per cent, down from 59 per cent in 2009, but up from 42 per cent in 2008.
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7 J6 x. r! h$ @1 @( D K. s% [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& s" q# H3 ?* `2 ?
! [1 v' u9 b' `0 @6 sInventory levels are up marginally over last year, but down from peak levels reached in 2007 and 2008, ReMax said.
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0 q+ q8 c4 V7 F _“As a result, the housing market has been characterized as balanced, slightly favouring the buyer,” the report said.
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+ F+ j' \7 C6 ~" z2 U' ZFirst-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.
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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.”% P- m6 k# B6 |& h5 |5 t& J
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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.* Q* e% R5 K6 r, m
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Prices 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." W p; u; U# W. S% F( I, m
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“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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2 ]; ^7 A! c, j# @( j% I( Z“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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