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不止是有点暖,是高烧~; `: |# t, [" N
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http://www.edmontonjournal.com/b ... ?cid=megadrop_story: P0 F3 x/ q8 W5 G* ~
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Edmonton sees 26% spike in luxury-home sales) \9 i6 i( Y% I6 f+ ?$ M* o- I
High-end houses defy real estate cooling trend- [! A" o4 L+ Q0 W; b
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& D3 s, Q$ N' TEDMONTON — While homebuying activity is cooling in Edmonton, luxury-home sales are picking up, says a new national report by ReMax.- J4 R' e: c$ W8 N% V0 h& a
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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." a) h- Y, S5 y- E6 x. b$ l
' r' U4 L0 O3 eSales 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.4 x% f( }; z+ h B
5 g0 S h& I3 _; bThe 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.; L5 p9 x4 l! G8 U4 U H
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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.
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0 e I9 m. b7 n3 v“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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7 S. p5 P- h6 g8 J7 v. t. jYear-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.: P9 s" B, Y9 P( K+ s% m
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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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" e4 _- r9 U5 Q5 U8 P3 Q( I0 J 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 $320,289, the report said.) |7 I5 g. m X* Y
7 |; ^8 U8 L0 x& J: YInventory levels are up marginally over last year, but down from peak levels reached in 2007 and 2008, ReMax said.
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" |1 c" z6 p5 o$ }1 Z. a“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 $350,000. Condos represent 34 per cent of residential sales.
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; a8 \7 o. B% V( e7 uAn influx of new units recently has pushed up supply, putting downward pressure on condo prices, according to the report. Tighter lending rules, requiring a 20-per-cent down payment, “is proving to be detrimental to investment activity.”# E7 `. K! L( s8 N2 \
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The report, which covered trends and developments in 19 major centres from January to August, found year-to-date sales ahead of 2009 levels in 11 markets.
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z) j# a. [ _( LPrices were up year-over-year in all cities, with five experiencing double-digit gains in 2010: Vancouver, St. John’s, Sudbury, Winnipeg and the Greater Toronto Area.+ ?0 x- b! L! F/ f1 a- @; V: z! l
( ?7 D. F: j9 M2 ^! W3 P# E“We cleaned up in the first quarter of 2010 because housing activity during the same period one year earlier was dismal,” said Elton Ash, regional executive vice-president of ReMax, Western Canada.$ e6 S' M# [& M0 x! h/ B
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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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