Kelowna Real Estate News – Fewer Local Buyers November 2015

Hi All, In our latest Kelowna Real Estate News update, the Okanagan Mainline Real Estate Board have now released the latest Buyers Survey Results for November 2015. A total of 159 Real Estate Agents participated in this latest survey – representing 42% of the 378 OMREB…

OMREB logoHi All,

In our latest Kelowna Real Estate News update, the Okanagan Mainline Real Estate Board have now released the latest Buyers Survey Results for November 2015.

A total of 159 Real Estate Agents participated in this latest survey – representing 42% of the 378 OMREB sales representatives who acted as Buyers Agents, in the Kelowna Housing Market & Central Okanagan area, and provided 219 responses for 39% of the 554 deals closed on behalf of Buyers in November.

It seems, overall, that the only change of note last month was the reduction in local Buyers, which reduced from 60.6% to 52.1%, other than that things were very similar to October 2015.

NOVEMBER SURVEY SUMMARY

Property Type:

Kelowna Real Estate Buyer Property Types Q4 2015

22.1% by Move-Up Buyers (down from 23.9% in October)

17.4% by First Time Buyers (down from 18.1%)

17.4% by Buyers Downsizing (down from 17.7%)

12.7% moving from Single Family Home to Strata Unit (up from 11.9%)

12.2% buying Revenue/Investment Property (up from 11.5%)

7% buying Recreation Property (up from 4.6%)

1.9% moving from Strata Property to Single Family Home (down from 3%)

3.8% moving into Retirement Home/Seniors Community (up from 1.9%)

Buyer Type (Family Dynamic):

Family Dynamic of Kelowna Real Estate Q4 2015

21.2% Two-Parent Family/Children (down from 22.1% in October)

24% Empty Nester/Retired (down slightly from 24.3%)

26.7% Couple without Children (down from 27%)

10.6% Single Male (up from 9%)

12.9% Single Female (down from 16.5%)

4.1% Single Parent with Children (up from 2.3%)

Moving From:

Where did the Kelowna Real Estate buyers come from Q4 2015

52.1% from Within OMREB Board Area (down from 60.5% in October)

12.3% from Alberta (down from 13.1%)

11.9% from Lower Mainland/Vancouver Island (up from 9%)

11.4% from Other Areas in BC (up from 8.2%)

4.1% from Eastern Canada/Maritimes (down from 5.6%)

2.7% from Outside Canada (up from 0.7%)

4.6% from Saskatchewan/Manitoba (up from 2.6%)

0.9% from NWT/Yukon (up from 0.4%)

Kind Regards

Trish and Tanis Real Estate

For all your local Kelowna Real Estate News

Tel 250 864 1707



Source: |

Trish & Tanis
studio@hiilite.com
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