Friday, 20 April 2012

Kelowna Real Estate April 2012 Buyers Survey Results

Hi All,

The results of OMREB's MARCH 2012 Buyers Survey are posted!  A total of 181 respondents participated in this survey – representing 75% of the 241 OMREB sales representatives who acted as Buyers Agents and 37% of the 492 deals closed on behalf of Buyers in March.
Property Type:
28.7% of purchases were by Move-Up Buyers
21.3% by First Time Buyers
12.4% buying Revenue/Investment Property
9.6% moving from Single Family Home to Strata Unit
5.6% Recreation Property Buyers
3.9% moving into Retirement Home/Seniors Community
3.4% moving from Strata property to Single Family Home
Buyer Type (Family Dynamic):30.9% Couple without children
18.2% Two parent family/children
17.1% Empty Nesters/Retired
14.9% Single Male
13.8% Single Female
6.1% Single Parent with children

Moving From:
63.0% from Within OMREB Board Area
12.7% from Alberta
10.5% from Lower Mainland/Vancouver Island
9.4% from Other Areas in BC
2.2% from Saskatchewan/Manitoba
1.7% from Eastern Canada/Maritimes
0.6% from NWT/Yukon (seventh month reported)
0% from Outside Canada

Interestingly move up buyers and buyers from Kelowna and the surrounding area dominated the market this month.

Things definitely seem busier in the market, so it will be interest to see whether the 'out of town' buyers play a bigger part in next months figures.

Kind Regards
Trish Cenci
Tel 250 864 1707

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