 鲜花( 7)  鸡蛋( 0)
|
Luxury home sales plummet
' ~4 K( s) O) m3 t3 x q2 j* KSlow economy blamed for drop4 h/ b! X0 a* U' Y1 E7 m: b3 W
The Edmonton Journal! E3 ?2 }2 r) U. b
Published: 2:33 am H9 x$ q B0 Y3 N& o- J. U& r
EDMONTON - Sales of luxury homes in Edmonton dropped 39 per cent in the first seven months of the year compared to 2007, says a report released Thursday.- F- h$ s& u7 K0 N2 t
9 v4 T) H1 z) k/ ?Real estate group Re/Max said 110 homes priced at $850,000 or more sold in the period during 2007 but the number dropped to 67 this year.: x+ g) ` f5 [" ~) N: i
- } d% h w9 M) _& M0 a
Sales over the $1-million mark dipped to 40 from 45. There are currently 218 properties for sale that top the $850,000-mark and average number of days on the market jumped to 72 in 2008 from 59 last year.
8 Z. W& s! k) b" Z/ P t+ x- C }: s* y
) H. N5 L2 d+ X! d3 O
Email to a friend
* \: ]( B9 U/ E% _) L5 ]9 B
/ X" Q% q+ p- _1 [: gPrinter friendly
1 N/ C& W% O9 x2 M; C( j8 n7 D) yFont:****Re/Max blamed a slowing economy and overheated real estate market for the downward trend.
4 X. O4 T# f# |: m7 W) D9 X" n) Y2 c$ Y1 X# M8 K
The top price for an MLS sale this year was $2.25 million, while the highest-priced listing is a $6.9-million property in Crestwood. A $1.39-million property in Strathcona is the highest price condo on the market.0 r. Z+ g$ \0 u8 m' R, p/ ^! i. ~! T
0 O6 w0 t# n* z2 s% vRe/Max predicts prices will soften this year and a rebound isn't expected until late 2009 when excess housing inventory is sold.
( n R9 ]/ N; S6 U% v9 w9 W, d- R/ P* Q$ ] u. y3 D
In Calgary, where Re/Max defines a luxury home as costing $1 million or more, sales dropped 17 per cent to 258 from 312 units. And there's lots of choice for high-end buyers -- 395 properties are currently listed.
0 M: I6 X0 T6 t* [) C1 Y `
: G. V( m/ O# w+ n% T( TBesides Edmonton and Calgary, sales fell in Toronto, Hamilton and Kelowna. Those cities bucked the national trend that saw sales rise in 10 of the 15 major Canadian markets tracked.
0 V5 ? K1 Y5 c
- ]+ [9 k+ k3 s8 w& jHowever, the real estate organization said strength in this market segment is not expected to last.
! j: y- @5 x# i/ c' u% i+ N2 @
& e( Q0 E9 T$ v% y% S! u6 Q"The market for luxury homes is usually the first to show pressure cracks, but the reverse is actually true this year, with pent-up demand (due to trade-up activity), less speculation and job transfers all factors contributing to stability in this segment," Michael Polzler, Re/Max's executive vice-president for Ontario and Atlantic Canada, said in statement.. D- N% R( P7 v S( n K
9 k& t) A, E) \; I+ S; V$ J: z3 w
But financial market conditions and more higher-end homes being put up for sale are expected to curtail both sales volumes and price levels in the coming months, Re/Max said.
% Z- i9 T% @. I4 O- D/ d3 o0 q I M+ Q2 Y
Elton Ash, Re/Max's executive vice-president for Western Canada, said, "We are seeing a return to more balanced conditions. This situation is expected to have an impact on high-end values in coming months, especially in areas that have experienced consistent double-digit growth."1 Q1 O) p( T' }4 J% ~ f( c& Q
) Y% x7 q5 n3 M+ U+ O( c- T2 tIn terms of growth in upper-end homes sales, Regina saw the most proportionally this year at 306 per cent. Winnipeg was next at 89 per cent, followed by St. John's, N.L., at 78 per cent.* r s0 `% r# p8 C7 p/ g
$ ^6 S& L6 }8 i$ ?. ?9 SEach market has a different price point that marks what Re/Max defined as the start of the luxury-home category.# i9 W/ i3 Y& y
/ j; t; R) U; s/ fIt ranges from about $2 million in Greater Vancouver to $1 million in Calgary to $750,000 in Ottawa, and $400,000 in St. John's and Halifax.
2 G i' Z6 j2 T% ?6 A- r) h
, {4 K% y2 H0 M. H& R; _9 [( L2 C! a; x8 f
! d- }$ h- n7 `& q7 w3 F. c7 R I" r8 `# S, r+ ~7 z
© The Edmonton Journal 2008 |
|
狗仔卡
发表于 2008-9-26 11:54
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
