Wednesday, 18 July 2012

Kelowna Real Estate - Buyers Survey Results for June 2012

Hi All,
As you can see 'Move Up' and 'First Time' Buyers continued to dominate the market in the Central Okanagan last month.
The results of OMREB's JUNE 2012 Buyers Survey are now posted!  A total of 193 respondents participated in this survey – representing 55% of the 352 OMREB sales representatives who acted as Buyers Agents and 32% of the 611 deals closed on behalf of Buyers in June.

JUNE SURVEY SUMMARY
Property Type:
29.3% of purchases were by Move-Up Buyers
22.8% by First Time Buyers
16.8% moving from Single Family Home to Strata Unit
7.6% purchasing Recreation Property
6.0% buying Revenue/Investment Property
5.4% moving from Strata property to Single Family Home
4.3% moving into Retirement Home/Seniors Community
Buyer Type (Family Dynamic):
31.8% Two parent family/children
20.8% Couple without children
16.7% Empty Nesters/Retired
13.5% Single Female
13.0% Single Male
4.2% Single Parent with children
Moving From:
55.4% from Within OMREB Board Area
13.0% from Alberta
12.4% from Lower Mainland/Vancouver Island  (up from 7.7% in May) *
10.4% from Other Areas in BC
3.6% from Saskatchewan/Manitoba  (up from 0.9% in May) *
3.1% from Outside Canada  (1.4% in May)
2.1% from Eastern Canada/Maritimes
0% from NWT/Yukon (10th month reported)
* Compared to May, there was more migration from Lower Mainland/Vancouver Island (12.4% of purchases compared to 7.7%) and from Saskatchewan and Manitoba (3.6% compared to 0.9%) this month.

Kind Regards

Trish Cenci

Tel 250 864 1707
Email trishcenci@shaw.ca

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