Thursday, 15 November 2012

Kelowna Buyers Survey Results - November 2012

The results of OMREB's OCTOBER 2012 Buyers Survey are now posted!  A total of 183 respondents participated in this survey – representing 54% of the 339 OMREB sales representatives who acted as Buyers Agents, and 38% of the 479 deals closed on behalf of Buyers in October.

There appear to be no real surprises in this months figures, with Move Up Buyers continuing to be the most active type of Buyers and the number of 'out of town' buyers falling off , as we head in to winter.

Property Type:

27.4% of purchases were by Move-Up Buyers (27.6% last month)
19.1% by First Time Buyers (21.2% last month)
10.1% moving from Single Family Home to Strata Unit (10.3% last month)
8.4% buying Revenue/Investment Property (up from 7.1% in September)*
7.3% purchasing Recreation Property
5.6% moving from Strata property to Single Family Home  (up from 2.6% in September)*
2.8% moving into Retirement Home/Seniors Community

* During the month of October, there was a jump in the sales of Single Family Homes to owners of Strata Properties, and in the sale of Revenue/Investment Properties compared to September– as noted above. Other categories remained at similar levels to the previous month.

Buyer Type (Family Dynamic):

18.6% Two Parent Family/Children (22.6% last month)
24.0% Empty Nesters/Retired
23.0% Couple without Children
16.4% Single Male
14.8% Single Female (up from 12.6% in September)**
3.8% Single Parent with Children (up from 1.9% in September)**

** In October, there was a significant increase in purchases by Single Parents with Children, and by Single Females compared to September – as noted above, while other categories remained at similar levels as the previous month.

Moving From:
57.1% from Within OMREB Board Area  (up from 50.9% in September)***
14.3% from Alberta  (down from 21.4% in September)***
13.7% from Lower Mainland/Vancouver Island  (up from 10.7% in September)***
8.8% from Other Areas in BC (up from 6.9% in September)***
2.7% from Eastern Canada/Maritimes (up from 1.3% in September)***
2.2% from Outside Canada
0.5% from Saskatchewan/Manitoba (down from 6.3% in September)***
0.5% from NWT/Yukon (14th month reported)

*** Compared to September, there was less migration from Alberta and Saskatchewan/Manitoba in October, but more movement from the Lower Mainland/Vancouver Island, other areas of BC, and Eastern Canada/Maritimes -- as noted above.

Kind Regards
Trish Cenci
Tel 250 864 1707

No comments:

Post a Comment