20% of Kelowna Real Estate Buyers were from Vancouver Area April 2017

Vancouver Buyers were busy again in the Kelowna Real Estate Market in April 2017, according to the results of OMREB’s APRIL 2017 Buyer Survey. A total of 341 responses representing 40.7% of the 837 deals closed on behalf of Buyers in April. Property Type: 19.0% by…

Vancouver Buyers were busy again in the Kelowna Real Estate Market in April 2017, according to the results of OMREB’s APRIL 2017 Buyer Survey.

A total of 341 responses representing 40.7% of the 837 deals closed on behalf of Buyers in April.

Property Type:
19.0% by Relocating and moving to similar property type (down from 20.3% in March)
18.5% by First Time Buyers (down from 19.4%)
15.8% by Move-Up Buyers (down from 17.1%)
15.5% by Buyers Downsizing (up from 13.3%)
14.3% buying Revenue/Investment Property (no change from 14.3%)
5.7% moving from Single Family Home to Strata Unit (up from 4.1%)
4.2% moving from Strata Property to Single Family Home (up from 2.5%)
3.9% buying Recreation Property (up from 3.8%)
1.8% moving into Retirement Home/Seniors Community (down from 2.2%)

Buyer Type (Family Dynamic):
27.1% Two Parent Family/Children (up from 26.3% in March)
21.8% Couple without Children (down from 24.1%)
19.2% Empty Nester/Retired (up from 15.4%)
14.7% Single Female (up from 12.2%)
11.8% Single Male (down from 13.2%)
4.7% Single Parent with Children (down from 6.0%)

Moving From:
56.3% from Within OMREB Board Area (up from 55.6% in March)
19.9% from Lower Mainland/Vancouver Island (up from 17.5%)
9.1% from Other Areas in BC (up from 5.6%)
8.5% from Alberta (up from 8.4%)
2.9% from Eastern Canada/Maritimes (down from 5.3%)
2.1% from Saskatchewan/Manitoba (down from 4.1%)
0.9% from Outside Canada (down from 3.1%)
0.3% from NWT/Yukon (no change from 0.3%)

Kind Regards

Trish and Tanis Real Estate

Tel 250 863 8989



Source: | OMREB

Trish & Tanis
trishandtanis@gmail.com
No Comments

Post A Comment