Vancouver Buyers Busy in the Kelowna Real Estate Market January 2017

Vancouver and Lower Mainland Buyers continued to influence the Kelowna Real Estate Market during January 2017, and Empty Nesters were also busy, according to the latest Okanagan Mainline Real Estate Board (OMREB) Results. A total of 155 responses representing 43.7% of the 354 deals closed…

Vancouver and Lower Mainland Buyers continued to influence the Kelowna Real Estate Market during January 2017, and Empty Nesters were also busy, according to the latest Okanagan Mainline Real Estate Board (OMREB) Results.

A total of 155 responses representing 43.7% of the 354 deals closed on behalf of Buyers in January.

January 2017 Buyers Survey Results – Kelowna Real Estate

Property Type:

21.9% by Relocating and moving to similar property type (up from 18.6% in December)

21.2% by First Time Buyers (up from 19.7%)

17.2% by Buyers Downsizing (up from 13.8%)

12.6% by Move-Up Buyers (down from 16.0%)

9.9% buying Revenue/Investment Property (down from 14.9%)

7.9% moving from Single Family Home to Strata Unit (up from 5.3%)

4.6% buying Recreation Property (down from 5.3%)

2.6% moving into Retirement Home/Seniors Community (up from 1.1%)

2.0% moving from Strata Property to Single Family Home (down from 3.2%)

Buyer Type (Family Dynamic):

26.1% Two Parent Family/Children (down from 29.5% in December)

24.2% Couple without Children (down from 30%)

19.6% Empty Nester/Retired (up from 14.7%)

14.4% Single Female (up from 12.1%)

9.2% Single Male (down from 9.5%)

3.3% Single Parent with Children (down from 4.2%) 

Moving From:

54.8% from Within OMREB Board Area (down from 60.8% in December)

21.3% from Lower Mainland/Vancouver Island (up from 10.1%)

11.6% from Alberta (up from 11.1%)

5.2% from Other Areas in BC (down from 5.8%)

2.6% from Saskatchewan/Manitoba (down from 4.2%)

2.6% from Eastern Canada/Maritimes (down from 3.7%)

1.9% from Outside Canada (down from 4.2%)

0% from NWT/Yukon (no change from 0%)

Thinking of Selling and want more details of which Buyers may be looking in your area of the market call or email us today!

Kind Regards

Trish and Tanis

Tel 250 863 8989



Source: | OMREB

Trish & Tanis
trishandtanis@gmail.com
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