Thursday, 15 December 2011

Kelowna Real Estate - OMREB Buyers Survey Results - December 2011

The results of OMREB's November 2011 Buyers Survey are now posted! A total of 139 respondents participated in this survey – representing 43.4% of the 297 OMREB sales representatives who acted as Buyers Agents and 35.2% of the 395 deals closed on behalf of Buyers in November.

NOVEMBER SURVEY SUMMARY

Property Type:

22.1% of purchases were by Move-Up Buyers
22.1% by First Time Buyers
13.2% moving from Single Family Home to Strata Unit
6.6% buying Revenue/Investment Property
5.1% moving from Strata property to Single Family Home
3.7% moving into Retirement Home/Seniors Community
3.7% Recreation Property Buyers

Moving From:

58.7% from Within OMREB Board Area
4.3% from Other Areas in BC
14.5% from Alberta
12.3% from Lower Mainland/Vancouver Island
4.3% from Other Areas in BC
3.6% from Saskatchewan/Manitoba
3.6% from Outside Canada
2.2% from Eastern Canada/Maritimes
0.7% from NWT/Yukon (second month reported)

First Time Buyers and Move- Up Buyers continue to be the main players in the market, as they are still taking advantage of lower prices and lower interest rates.

Kind Regards

Trish Cenci

Tel 250 864 1707

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