Wednesday, 23 November 2011

Kelowna Real Estate - OMREB Buyers Survey Results October 2011

The results of OMREB's October 2011 Buyers Survey are now posted!

A total of 177 respondents participated in this survey – representing 57.8% of the 306 OMREB sales representatives who acted as Buyers Agents and 42.6% of the 415 deals closed on behalf of Buyers in October.

As you can see, move up buyers taking advantage of the 'Buyers Market' in the Kelowna area have continued to be the main purchasers, together with First Time Buyers.
Property Type:
21.9% of purchases were by Move-Up Buyers
19.5% by First Time Buyers
13.0% moving from Single Family Home to Strata Unit
12.4% buying Revenue/Investment Property
7.7% moving into Retirement Home/Seniors Community
6.5% Recreation Property Buyers
1.8% moving from Strata property to Single Family Home

Moving From:
46.0% from Within OMREB Board Area
15.3% from Other Areas in BC
14.2% from Alberta
13.6% from Lower Mainland/Vancouver Island
4.5% from Saskatchewan/Manitoba
3.4% from Eastern Canada/Maritimes
2.8% from Outside Canada
0.0% from NWT/Yukon (second month reported)

Kind Regards

Trish Cenci
Cell 250 864 1707

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