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不止是有点暖,是高烧~9 }7 V5 p# R9 }4 k$ `+ v0 A/ d
+ T( A" n3 x+ G9 z# ^/ `. }* Thttp://www.edmontonjournal.com/b ... ?cid=megadrop_story" _; B" P5 u, a/ I3 E) E
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( k' C X2 m: Y7 `* _Edmonton sees 26% spike in luxury-home sales9 N+ @4 A- A5 J% R
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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- x' R, }2 Y8 R% B9 K9 B5 y( Q“One area of the market that has outperformed all others is the upper end,” said the ReMax Market Trends Report Fall 2010 released Tuesday.& u# ^# v8 x3 E
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Sales of homes priced more than $700,000 are up 26 per cent over 2009, with 240 upscale properties changing hands as of August, compared to 190 units for the same period last year, it said.
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- I3 d$ e5 w" i& \9 @+ dFifty-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.
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# d+ ?+ i* h8 J# C* T7 ~4 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.
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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.”
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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.& m3 u9 t+ k5 R* }& O( t* V/ d
$ G! R3 Q) b; ^) PAverage 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 $320,289, the report said.
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- `$ A0 Q4 r4 oInventory levels are up marginally over last year, but down from peak levels reached in 2007 and 2008, ReMax said.* P( z3 T% ]: f6 t$ p ?) l+ Q
" ?5 ^ j4 K8 X s- `1 g. l v q ?“As a result, the housing market has been characterized as balanced, slightly favouring the buyer,” the report said.$ j9 N) s8 f+ D; j5 L |7 y" i
6 W/ |( O* _9 a8 c: h+ e5 Y& v) NFirst-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." s4 `& Q) v+ Z! |4 P
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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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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.
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J* h- l9 }: \! k, q& Q5 Y3 \8 dPrices 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.2 e/ _* |' `6 d: l4 i
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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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' P8 Y. e" k/ P0 t& @( |“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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