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不止是有点暖,是高烧~: i+ n" J! F1 M1 [0 z; H; j
l1 D0 X4 I: H# v+ Phttp://www.edmontonjournal.com/b ... ?cid=megadrop_story9 X8 E r0 A w, ~
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Edmonton sees 26% spike in luxury-home sales
" {* e7 g& H& t/ r- n% S1 i. y High-end houses defy real estate cooling trend/ o* F( q4 _' J: ?: C1 d8 ^/ d5 W/ k
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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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“One area of the market that has outperformed all others is the upper end,” said the ReMax Market Trends Report Fall 2010 released Tuesday.2 T7 }+ W! V4 _) V/ T* s
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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 $1 million.
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The urgency in Edmonton’s residential housing market — prompted by tighter lending policies and the threat of higher interest rates earlier in the year — has given way to more stable conditions heading into the fourth quarter of 2010, the report said.* [9 e$ R3 d2 M' O) X! S
8 m5 q$ C# f' u) S' Q! l. j! a- O7 N3 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. + y \" M0 h$ I: _
* Y7 \+ G, ]+ w3 z“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.”
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6 \7 b, j, \" P# b0 P/ \0 D1 \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.; q/ A3 m U3 v5 u9 A5 J
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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.& {0 y: D, E" F# N) `8 @
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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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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 $350,000. Condos represent 34 per cent of residential sales.
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An influx of new units recently has pushed up supply, putting downward pressure on condo prices, according to the report. Tighter lending rules, requiring a 20-per-cent down payment, “is proving to be detrimental to investment activity.”
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8 B" O0 u7 J9 y' \6 g8 [( i8 CThe report, which covered trends and developments in 19 major centres from January to August, found year-to-date sales ahead of 2009 levels in 11 markets.' k/ M* l K v# {0 M1 J+ `- r- E
4 D E# F9 A: G; A$ h' JPrices 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.4 [, z& k6 \# J9 Y- a2 C
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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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“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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