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不止是有点暖,是高烧~, J2 ]: y+ ?$ [; z$ O0 u
. o: d5 W% x" Q8 R: [7 ehttp://www.edmontonjournal.com/b ... ?cid=megadrop_story
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Edmonton sees 26% spike in luxury-home sales7 m, V$ K7 |6 z" n( u: E/ L- L# W8 z
High-end houses defy real estate cooling trend
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^5 b7 A6 _) n0 G* Y7 WEDMONTON — 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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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.
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Fifty-five homes in the Edmonton area have sold for more than $1 million.
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3 E1 l% F( p: P0 K3 g5 Q! GThe 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.. s1 E. A# s7 H* B
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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.
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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.”) b1 j; M8 R M# `/ y0 }" j
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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.
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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 $320,289, the report said.0 W! R" Y ~$ D1 m
/ |; w# f9 @& H3 c9 H- N9 HInventory 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.# Z/ a( q- O# W4 w: c6 g
: G: J V0 p4 k% Z; _. p, cFirst-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. j4 u" I3 o4 U% k" _& L" i
$ x7 i( _$ {- ?+ E" fAn 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.”& J( ]( t0 e1 o* g/ C
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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.( o% D# {( w# c( {# g0 U1 h. w# f
- b" }) G% s/ j* J0 @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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“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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. ]6 G# I" d/ y% Y7 Z* 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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