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不止是有点暖，是高烧～
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0 G9 i* E) d& w& I/ g4 |4 F; A3 y. yhttp://www.edmontonjournal.com/b ... ?cid=megadrop_story, Q( ?% N0 N7 s& b9 c l9 e
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2 P& }' g2 y$ R2 F2 `Edmonton sees 26% spike in luxury-home sales. ^# F# m( t% ^1 g
High-end houses defy real estate cooling trend
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( G* }3 `3 u$ R& NEDMONTON — While homebuying activity is cooling in Edmonton, luxury-home sales are picking up, says a new national report by ReMax./ n# b5 B- ~9 E, H
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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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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. 5 i J8 Z9 K7 a8 j c: ^ N/ ?
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Fifty-five homes in the Edmonton area have sold for more than $1 million.
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The urgency in Edmonton’s residential housing market — prompted by tighter lending policies and the threat of higher interest rates earlier in the year — has given way to more stable conditions heading into the fourth quarter of 2010, the report said.( [, P, R. l N; U O
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“Positive announcements in the oil and gas sector should spur renewed activity in residential real estate — as evidenced in the first few weeks of September. ; W7 B G, t# K- M. Z) E
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“Despite recent hikes, interest rates remain attractive with a five-year closed hovering at four per cent. The outlook for the remainder of the year is stable, with no real fluctuations in either sales or price.”3 \7 `8 F+ _2 n. l* Q6 R' x$ C
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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 2008.7 P2 v) g. y5 S' a, ?- T
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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 $320,289, the report said.
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( o% T+ h2 |# f: ~3 r) }( \- |Inventory levels are up marginally over last year, but down from peak levels reached in 2007 and 2008, ReMax said.$ t: _& H# b/ V. M4 U: L! P0 L
$ x3 y4 o. v6 c/ d1 J“As a result, the housing market has been characterized as balanced, slightly favouring the buyer,” the report said.# {: U. }0 y, C+ ]5 ^
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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.
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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.”2 e1 K' G2 ~0 K3 h8 v
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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." I& H V' {/ s
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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.
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& q! T" |! P7 c3 B% ]5 d“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.& g) H) A' W7 ~) B4 h, G& I8 y7 D
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“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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