Kelowna Real Estate – Alberta Buyer Numbers Down in January 2016

Hi All, It seems that First-time Buyers were busy again in the Kelowna Real Estate Market in January, while Alberta Buyer Numbers were down. The Okanagan Mainline Real estate Board reported a total of 130 responses, to their latest survey, representing 39% of the 334…

TrishTanis_Logo_WEB_IconOnly-450x288Hi All,

It seems that First-time Buyers were busy again in the Kelowna Real Estate Market in January, while Alberta Buyer Numbers were down.

The Okanagan Mainline Real estate Board reported a total of 130 responses, to their latest survey, representing 39% of the 334 deals closed on behalf of Buyers in January.

JANUARY SURVEY SUMMARY
Property Type:
22.8% by First Time Buyers (up from 17.4% in December)
20.5% by Move-Up Buyers (down from 23.9%)
14.2% by Buyers Downsizing (down from 18.4%)
14.2% by Relocating and moving to similar property type (NEW FOR 2016)
11.8% buying Revenue/Investment Property (down from 15.4%)
4.7% moving from Single Family Home to Strata Unit (down from 12.9%)
3.9% buying Recreation Property (up from 3.7%)
3.1% moving from Strata Property to Single Family Home (down from 6.0%)
3.1% moving into Retirement Home/Seniors Community (up from 2.0%)

Buyer Type (Family Dynamic):
26.2% Two Parent Family/Children (down from 27.1% in December)
21.5% Couple without Children (down from 22.7%)
19.2% Single Female (up from 10.8%)
16.2% Single Male (up from 10.3%)
13.8% Empty Nester/Retired (down from 26.1%)
3.1% Single Parent with Children (up from 2.5%)

Moving From:
63.1% from Within OMREB Board Area (up from 58.3% in December)
12.3% from Lower Mainland/Vancouver Island (up from 10.8%)
6.9% from Alberta (down from 13.2%)
6.9% from Other Areas in BC (down from 8.8%)
5.4% from Outside Canada (up from 4.4%)
3.1% from Eastern Canada/Maritimes (up from 2.9%)
2.3% from Saskatchewan/Manitoba (up from 1.0%)
0% from NWT/Yukon (up from 0.5%)

Kind regards

Trish and Tanis

Tel 250 863 8989

 



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Trish & Tanis
trishandtanis@gmail.com
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