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不止是有点暖,是高烧~4 [) B# H$ W( i! G
' p% D2 u0 _/ m" Dhttp://www.edmontonjournal.com/b ... ?cid=megadrop_story" y8 I! Q8 \* ?; t1 w7 ], s& o
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Edmonton sees 26% spike in luxury-home sales
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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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) } Y- i# |* [ b“One area of the market that has outperformed all others is the upper end,” said the ReMax Market Trends Report Fall 2010 released Tuesday.' V9 T* {/ s3 ?2 `* [
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Sales of homes priced more than $700,000 are up 26 per cent over 2009, with 240 upscale properties changing hands as of August, compared to 190 units for the same period last year, it said. * n L/ d$ m8 L6 K
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Fifty-five homes in the Edmonton area have sold for more than $1 million.
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The urgency in Edmonton’s residential housing market — prompted by tighter lending policies and the threat of higher interest rates earlier in the year — has given way to more stable conditions heading into the fourth quarter of 2010, the report said.- D/ V" s' n- O, \7 N
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“Positive announcements in the oil and gas sector should spur renewed activity in residential real estate — as evidenced in the first few weeks of September. & s1 M1 |. `3 l9 y' l4 \/ R6 M8 Y
( Y8 q& C" q1 q' A“Despite recent hikes, interest rates remain attractive with a five-year closed hovering at four per cent. The outlook for the remainder of the year is stable, with no real fluctuations in either sales or price.”4 P/ D* L `; O2 M1 R% ?2 Q' F" _# {% n
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Year-to-date sales have slipped 14 per cent to 11,773 units, compared to 13,694 during the same period a year earlier, the report said.
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& q$ u3 b" R( q* LThe sales-to-listing ratio is now 47 per cent, down from 59 per cent in 2009, but up from 42 per cent in 2008.! K4 M9 T) x4 R4 A2 a1 ^
: D2 c$ a4 Q* n# U* t# y$ O+ G, @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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Inventory levels are up marginally over last year, but down from peak levels reached in 2007 and 2008, ReMax said.2 E+ e8 W! Q: H" F, L
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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 $350,000. Condos represent 34 per cent of residential sales.
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An influx of new units recently has pushed up supply, putting downward pressure on condo prices, according to the report. Tighter lending rules, requiring a 20-per-cent down payment, “is proving to be detrimental to investment activity.”1 Y3 U, f9 s1 [$ v7 `
, _1 B' Q2 _" o, RThe 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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# C! f8 A. B) d* C2 b [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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- i0 J* d. ~# I“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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