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不止是有点暖,是高烧~( [8 N) a u' x+ Q6 Q
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http://www.edmontonjournal.com/b ... ?cid=megadrop_story& a5 } k& @7 m# y% x' W& l
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Edmonton sees 26% spike in luxury-home sales4 ~% h+ \* ]5 a/ _
High-end houses defy real estate cooling trend
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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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! [. M4 w8 b% [) M) k) H; K“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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7 G/ f- `) z* d0 f" G- |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 $1 million.
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The urgency in Edmonton’s residential housing market — prompted by tighter lending policies and the threat of higher interest rates earlier in the year — has given way to more stable conditions heading into the fourth quarter of 2010, the report said.2 D) }6 E, r. Y Y3 ~5 a D
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“Positive announcements in the oil and gas sector should spur renewed activity in residential real estate — as evidenced in the first few weeks of September. * |8 c, O8 `9 t2 t) W0 P
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“Despite recent hikes, interest rates remain attractive with a five-year closed hovering at four per cent. The outlook for the remainder of the year is stable, with no real fluctuations in either sales or price.” J! }; a! A4 x j' o' E* U2 \
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Year-to-date sales have slipped 14 per cent to 11,773 units, compared to 13,694 during the same period a year earlier, the report said.% g0 R9 L$ ^0 I2 N
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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., G" G3 ?* r4 g; p
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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 $320,289, the report said.
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Inventory levels are up marginally over last year, but down from peak levels reached in 2007 and 2008, ReMax said.
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. r. }- I3 u$ _, Z* S“As a result, the housing market has been characterized as balanced, slightly favouring the buyer,” the report said.7 T0 ]) g" \5 }1 D" [# I/ f( r
; l8 S& G4 M1 M$ _6 Y* XFirst-time buyers in Edmonton remain most active, driving sales of single-family homes between $250,000 and $350,000. Condos represent 34 per cent of residential sales.; l5 n8 i# v# ^& T6 c- Z+ L% a
& m, D: ~: G5 F9 p m; `An influx of new units recently has pushed up supply, putting downward pressure on condo prices, according to the report. Tighter lending rules, requiring a 20-per-cent down payment, “is proving to be detrimental to investment activity.”2 U# E+ p' a3 t) `% O8 ~* x
! h! m' p" d tThe report, which covered trends and developments in 19 major centres from January to August, found year-to-date sales ahead of 2009 levels in 11 markets.5 C; c0 ?) |# |- J
! h2 @! B, C, ePrices were up year-over-year in all cities, with five experiencing double-digit gains in 2010: Vancouver, St. John’s, Sudbury, Winnipeg and the Greater Toronto Area.' E/ `7 i$ X2 D& n
1 S3 H* I3 K; h: n/ y. z( F7 L“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.3 J) }7 c, J+ a6 y; O$ e
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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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