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不止是有点暖,是高烧~/ M2 Z( k" W% c1 c1 g3 L f; E- L
9 ?" W8 s$ \% L; F) nhttp://www.edmontonjournal.com/b ... ?cid=megadrop_story
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Edmonton sees 26% spike in luxury-home sales2 ]3 L) G8 s% U6 f+ N
High-end houses defy real estate cooling trend$ p2 l5 Y+ M9 D3 G! t: J
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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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" ?! t; X0 i% [# V“One area of the market that has outperformed all others is the upper end,” said the ReMax Market Trends Report Fall 2010 released Tuesday./ ]. k# I6 {$ O
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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. , B* {! O! p+ M) ]
$ h: G6 [2 S8 u8 {Fifty-five homes in the Edmonton area have sold for more than $1 million.! I6 O: _: J% u0 l% f2 z
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The urgency in Edmonton’s residential housing market — prompted by tighter lending policies and the threat of higher interest rates earlier in the year — has given way to more stable conditions heading into the fourth quarter of 2010, the report said.
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/ G/ A Q$ L5 q. T, }# N“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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6 G, D1 A5 q2 h# O5 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.”: t. v9 t$ E* u6 j2 b
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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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3 ^3 ]+ T2 p+ S# z/ 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.
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Inventory 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.
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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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' H' D" `2 \( DAn 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.”
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2 s' D( \# y4 l2 A8 ~3 m5 Q3 xThe 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. L6 S/ H) J; m7 ]4 L; ^
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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.$ {- b9 ^- L0 U8 l$ j. V
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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.1 X0 d6 @0 t' U( k
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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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