The latest Buyers Survey report has now been published by the Okanagan Real Estate Board.
As you can see local buyers are continuing to dominate the market , and many of them are taking advantage for the great prices, here in the valley and the continuing low interest rates.
APRIL Buyers Survey Results!
A total of 192 respondents participated in this survey – representing 58% of the 333 OMREB sales representatives who acted as Buyers Agents and 38% of the 507 deals closed on behalf of Buyers in April.
APRIL SURVEY SUMMARY
31.0% of purchases were by Move-Up Buyers
17.6% by First Time Buyers
16.6% moving from Single Family Home to Strata Unit
10.7% buying Revenue/Investment Property
4.8% purchasing Recreation Property
4.3% moving into Retirement Home/Seniors Community
3.2% moving from Strata property to Single Family Home
Buyer Type (Family Dynamic):
30.4% Two parent family/children
27.7% Couple without children
16.8% Empty Nesters/Retired
11.5% Single Female
9.4% Single Male
3.7% Single Parent with children
58.6% from Within OMREB Board Area
19.4% from Alberta
7.9% from Lower Mainland/Vancouver Island
6.8% from Other Areas in BC
4.2% from Eastern Canada/Maritimes
2.1% from Outside Canada
1.0% from Saskatchewan/Manitoba
0% from NWT/Yukon (8th month reported)
Tel 250 864 1707