March Buyers Survey - Where are Kelowna Home Buyers Coming From?
By Jaime Briggs, Kelowna Real Estate
April 20, 2012
The Buyers Survey of "Who Bought Homes in the Okanagan and Where did they come from?" is now available:
MARCH SURVEY SUMMARY
Property Type:
28.7% of purchases were by Move-Up Buyers
21.3% by First Time Buyers
12.4% buying Revenue/Investment Property
9.6% moving from Single Family Home to Strata Unit
5.6% Recreation Property Buyers
3.9% moving into Retirement Home/Seniors Community
3.4% moving from Strata property to Single Family Home
Buyer Type (Family Dynamic):
30.9% Couple without children
18.2% Two parent family/children
17.1% Empty Nesters/Retired
14.9% Single Male
13.8% Single Female
6.1% Single Parent with children
Moving From:
63.0% from Within OMREB Board Area
12.7% from Alberta
10.5% from Lower Mainland/Vancouver Island
9.4% from Other Areas in BC
2.2% from Saskatchewan/Manitoba
1.7% from Eastern Canada/Maritimes
0.6% from NWT/Yukon (seventh month reported)
0% from Outside Canada
MARCH 2012 RESULTS & HIGHLIGHTS: Click here for full summary of survey with pie charts and here for highlights for the month. For averages for the first quarter of this year (pie-charts), click here, and to download “Who is Buying Homes in the Okanagan-Shuswap?” hand-out for April 2012, click here.
2011 HIGHIGHTS & AVERAGES: Click here for 2011 highlight comparisons for each month in 2011, and here to download pie charts illustrating averages compiled for all five Survey categories during the past year.
REALTORLink Archive: Monthly Buyers Survey results, averages and highlights are posted and archived for easy reference on OMREB's Statistics page on REALTORLink.