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不止是有点暖,是高烧~' Y) H) w8 V+ B, e5 T7 E. H1 A3 B
% `4 Z/ [0 a! D7 ihttp://www.edmontonjournal.com/b ... ?cid=megadrop_story8 X6 y- Z% g+ D
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* x; x; v7 U9 I2 n$ o1 `' rEdmonton sees 26% spike in luxury-home sales9 |0 w2 Q; t( k
High-end houses defy real estate cooling trend0 V# ?$ X7 O6 h( l- M) M; S
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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.
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# p+ M: o) C& E/ {! y$ x: }Sales of homes priced more than $700,000 are up 26 per cent over 2009, with 240 upscale properties changing hands as of August, compared to 190 units for the same period last year, it said.
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3 ^ o$ r. h0 S7 KFifty-five homes in the Edmonton area have sold for more than $1 million.
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The urgency in Edmonton’s residential housing market — prompted by tighter lending policies and the threat of higher interest rates earlier in the year — has given way to more stable conditions heading into the fourth quarter of 2010, the report said.; O% Q/ z( U; `0 x% W$ @
1 p# a6 r6 H, C& n* H! J“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. 4 L4 K1 I% w* `+ e" v# ]1 D
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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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3 z4 Q7 b6 d/ v4 j' D& V% w: UYear-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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/ E3 P4 m$ K. K. mAverage 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 $320,289, the report said.: f8 u3 O$ v1 l% i) ^
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Inventory levels are up marginally over last year, but down from peak levels reached in 2007 and 2008, ReMax said./ n. J" I8 s; |7 [. o5 H+ l
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“As a result, the housing market has been characterized as balanced, slightly favouring the buyer,” the report said.; Y; J# A1 N2 e R% ^% Z& y R
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First-time buyers in Edmonton remain most active, driving sales of single-family homes between $250,000 and $350,000. Condos represent 34 per cent of residential sales.
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) u: ^* w4 @7 bAn influx of new units recently has pushed up supply, putting downward pressure on condo prices, according to the report. Tighter lending rules, requiring a 20-per-cent down payment, “is proving to be detrimental to investment activity.”7 e; \4 }, \- }# v
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The report, which covered trends and developments in 19 major centres from January to August, found year-to-date sales ahead of 2009 levels in 11 markets.
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Prices were up year-over-year in all cities, with five experiencing double-digit gains in 2010: Vancouver, St. John’s, Sudbury, Winnipeg and the Greater Toronto Area.
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6 ~: }# y6 t9 G r: B“We cleaned up in the first quarter of 2010 because housing activity during the same period one year earlier was dismal,” said Elton Ash, regional executive vice-president of ReMax, Western Canada.$ b) ~& [) o8 d
3 C _( U7 K7 v. h. B7 J“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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