Friday, 2 March 2012

Where did the Kelowna & Central Okanagan Real Estate Buyers come from in January 2012?

The results of Okanagan Mainline Real Estate Board's January 2012 Buyers Survey are now posted.  
A total of 119 respondents participated in this survey – representing 58% of the 207 OMREB sales representatives who acted as Buyers Agents and 40% of the 297 deals closed on behalf of Buyers in January.
Property Type:
23.6% by First Time Buyers
16.7% of purchases were by Move-Up Buyers
16.7% buying Revenue/Investment Property
6.1% moving from Single Family Home to Strata Unit
4.4% moving into Retirement Home/Seniors Community
4.4% Recreation Property Buyers
4.4% moving from Strata property to Single Family Home
Buyer Type (Family Dynamic):
28.6% Two parent family/children
23.5% Couple without children
14.3% Empty Nesters/Retired
13.4% Single Female
13.4% Single Male
4.2% Single Parent with children
Moving From: 
64.7% from Within OMREB Board Area
10.9% from Alberta
10.9% from Lower Mainland/Vancouver Island
10.1% from Other Areas in BC
1.7% from Saskatchewan/Manitoba
0.8% from Eastern Canada/Maritimes
0.8% from Outside Canada
0% from NWT/Yukon (fourth month reported)

As expected, local and first time buyers are continuing to be the main purchasers in the market. As we head in to spring,it will be interesting to see whether we see an increase in investment property purchases and more buyers from 'out of town'.

Kind Regards
Trish Cenci
Tel 250 864 1707

No comments:

Post a Comment