 鲜花( 150)  鸡蛋( 0)
|
不止是有点暖,是高烧~" H- `; o3 M' E* d" ?: V* F) Z( S
+ v' X3 D7 r4 v2 ?" k) \
http://www.edmontonjournal.com/b ... ?cid=megadrop_story* a8 G8 w. V& H1 y3 T+ H
+ n9 X. X$ [# F: `% y( O6 t$ J
* A' \9 E4 ~3 `( g. X+ w: R* lEdmonton sees 26% spike in luxury-home sales4 u- r& B( D% T b
High-end houses defy real estate cooling trend
' y/ x, Y: P% @% `2 Y' Q
' K3 ?2 {) \. D9 i, g! y- R
; L3 a+ | B w" k. `+ |3 M& K' yEDMONTON — While homebuying activity is cooling in Edmonton, luxury-home sales are picking up, says a new national report by ReMax.
0 F/ G4 [5 h$ D2 f: V; m* I6 j4 C- Y0 f/ P1 Y2 D; G( B/ c
“One area of the market that has outperformed all others is the upper end,” said the ReMax Market Trends Report Fall 2010 released Tuesday.
! V- I; \/ C" U# H$ q
8 M7 F0 o% j3 i% @. DSales of homes priced more than $700,000 are up 26 per cent over 2009, with 240 upscale properties changing hands as of August, compared to 190 units for the same period last year, it said.
, t$ n# l. O4 w3 _+ y$ W3 y# T; k9 |- O6 |! S2 N7 F
Fifty-five homes in the Edmonton area have sold for more than $1 million.# m& U W1 T' F1 C6 V
7 D F8 V7 X; @2 z
The urgency in Edmonton’s residential housing market — prompted by tighter lending policies and the threat of higher interest rates earlier in the year — has given way to more stable conditions heading into the fourth quarter of 2010, the report said.
! S, e- Z9 s* g5 X }1 g4 C. y6 N1 f
“Positive announcements in the oil and gas sector should spur renewed activity in residential real estate — as evidenced in the first few weeks of September.
7 U# L& m; ^$ r6 f1 o; }% t# k0 L. m' b3 F8 V! r
“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.”
$ y; ], K4 P( S. N3 X8 R3 `5 q' r8 [8 X
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.
6 g' n/ q0 \/ D3 ]4 e3 M) q$ O) B3 s r+ ]( a+ w( |- W& }% x- Y3 x
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.
+ R5 r4 A( E5 T
3 A! j/ i% y, K! R: FAverage 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 $320,289, the report said.
% ~% T6 T6 w" z( b9 B& G: I5 k4 i$ @0 m8 [
Inventory levels are up marginally over last year, but down from peak levels reached in 2007 and 2008, ReMax said.+ J- R3 n) j) C, @* [$ I
4 N* F4 _- W- H( u, Y6 b C; s9 h8 p
“As a result, the housing market has been characterized as balanced, slightly favouring the buyer,” the report said., _/ Z- o* J* e! T' e o- X: J
/ p9 {4 R- l+ UFirst-time buyers in Edmonton remain most active, driving sales of single-family homes between $250,000 and $350,000. Condos represent 34 per cent of residential sales.
/ n$ C; @7 x/ {1 V8 V3 S( T6 P* e' g' g+ D- a( R
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.”; }$ S9 b3 T1 [; {
% M) N# U# y0 X. a9 [: s8 X
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.
: }1 C4 C3 u- b2 a) a
0 d* S( I, F+ S5 IPrices 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.1 T" c$ P3 m+ `: ~1 m3 P% e
8 _8 U" c5 s. U1 v& h
“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.
. e" c% F: ~. U( ~, b; i! F' F* T. r r" h7 ~
“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.” |
|