Tuesday, 19 June 2012

The Okanagan Real Estate Board Buyers Survey Results for May 2012

Hi All,

The results of OMREB's MAY 2012 Buyers Survey are now posted!   A total of 223 respondents participated in this survey – representing 55% of the 406 OMREB sales representatives who acted as Buyers Agents and 35% of the 637 deals closed on behalf of Buyers in May.
Property Type:

25.5% of purchases were by Move-Up Buyers
20.9% by First Time Buyers
12.3% moving from Single Family Home to Strata Unit
11.4% purchasing Recreation Property  (up from 4.8% in April)*
7.7% buying Revenue/Investment Property
4.1% moving from Strata property to Single Family Home
2.7% moving into Retirement Home/Seniors Community

*Recreation property sales improved significantly over April with 11.4% of purchases in compared to 4.8%.
Buyer Type (Family Dynamic):
28.7% Two parent family/children
24.2% Empty Nesters/Retired  (up from 16.8% in April)**
23.7% Couple without children
11.2% Single Female
9.4% Single Male
3.1% Single Parent with children
**Interesting to note the relative “balance” this month between two-parent families, couples without children, and empty nesters/retirees -- due to a rise in purchases by the latter group.

Moving From:
59.5% from Within OMREB Board Area
16.2% from Alberta
10.8% from Other Areas in BC  (up from 6.8% in April)***
7.7% from Lower Mainland/Vancouver Island
2.7% from Eastern Canada/Maritimes
1.4% from Outside Canada
0.9% from Saskatchewan/Manitoba
0.4% from NWT/Yukon (9th month reported)
*** More migration from other areas of BC this month with 10.8% of purchases compared to 6.8% in April.
Kind Regards
Trish Cenci
EMail trishcenci@shaw.ca
Cell 250 864 1707

1 comment:

  1. Hello,

    Interesting... I was searching this info for my uncle. He will be happy for such a great info. Thanks for sharing...

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