Wednesday, 20 July 2011

Kelowna Real Estate OMREB Buyers Survey Results for June 2011

Hi Everyone,

The results of OMREB's June 2011 Buyers Survey are in!

A total of 153 respondents participated in this survey – representing 42% of the 369 OMREB sales representatives who acted as Buyers Agents and 29% of the 538 deals closed on behalf of Buyers in June.

Property Type:

23.8% by First Time Buyers
21.1% of purchases were by Move-Up Buyers
10.9% buying Revenue/Investment Property
6.8% moving from Single Family to Home Strata unit
6.1% moving from Strata property to Single Family Home
6.1% moving into Retirement Home/Seniors Community
5.4% Recreation Property Buyers

Where did the Buyer move from?

45.6 % From within the OMREB Board area (Peachland to Revelstoke)
18.8% From the Lower Mainland or Vancouver Island
2.8% From Other areas of BC
16.1% From Alberta
3.4% From Saskatchewan/Manitoba
0.7% From Eastern Canada/Maritimes
2.7% From outside Canada

In what area was the property purchased?

56.8% Kelowna/West Kelowna 
7.4% Central Okanagan (excluding Kelowna/West Kelowna)
14.9% Vernon/Coldstream
7.4% North Okanagan (excluding Vernon/Coldstream)
3.4% Salmon Arm
10.1% Shuswap/Revelstoke (excluding Salmon Arm)

Kind Regards

Trish Cenci

Tel 250 864 1707

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