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不止是有点暖,是高烧~5 j/ r j9 ~# q$ H2 q# {; H
& O y, g) k' Y5 K2 v% K( J! A( Mhttp://www.edmontonjournal.com/b ... ?cid=megadrop_story
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Edmonton sees 26% spike in luxury-home sales
, X F7 Q3 |4 F0 X 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.; b. w& X4 z: ~ ?; i: r
" B6 }- g" L" J" C& n. D$ m& }“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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3 e, ^. D2 z7 TSales 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 $1 million.$ w) a1 Q. l7 `
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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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“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. # m4 L- ]# q9 J: }' e
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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., g9 B' A+ V1 h2 h% D2 b
6 Z3 }& r# R( Q, b, j4 r5 oThe 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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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., y. i. C7 ^, ?! D# i) m* v3 b) X
+ J" _1 L8 \5 l3 V1 ]& l' ]" N7 xInventory 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 $350,000. Condos represent 34 per cent of residential sales.# [4 k6 J, d/ [8 x
) B6 t! y- N% h0 K( p7 Y. H; L& a7 ?* @An influx of new units recently has pushed up supply, putting downward pressure on condo prices, according to the report. Tighter lending rules, requiring a 20-per-cent down payment, “is proving to be detrimental to investment activity.”
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. A0 }- {1 `1 M% QThe report, which covered trends and developments in 19 major centres from January to August, found year-to-date sales ahead of 2009 levels in 11 markets.& D9 `1 l6 L! |& [
- |# }5 V5 w8 B% r, iPrices were up year-over-year in all cities, with five experiencing double-digit gains in 2010: Vancouver, St. John’s, Sudbury, Winnipeg and the Greater Toronto Area.
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! v5 B y/ p, C5 _“We cleaned up in the first quarter of 2010 because housing activity during the same period one year earlier was dismal,” said Elton Ash, regional executive vice-president of ReMax, Western Canada." w1 [4 R$ W: z- r6 }
7 r2 Y9 J, n, b. ?( K4 a# R“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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