The January 2019 Kelowna and Central Okanagan Real Estate Buyers Survey Results have now by produced, courtesy of our local Real Estate Board - OMREB.
One of the main highlights to note this month is the fall in Buyers coming from the Lower Mainland and Vancouver area, where their own Real Estate Markets have been slow this winter.
16.87% First Time Purchase (down from 19.88% in December)
19.28% Move Up Purchase (up from 14.91%)
18.07% Relocating to Similar Property Type (down from 21.12%)
10.84% Revenue/Investment (down from 15.53%)
16.27% Downsizing (up from 8.70%)
4.82% Moving from Single-family Home to Strata Unit (down from 4.97%)
2.41% Moving from Strata Property to Single Family Home (down from 2.48%)
7.83% Recreational Property (down from 8.70%)
3.61% Retirement Home/Seniors Community (up from 1.86%)
Buyer Type (Family Dynamic):
30.30% Two Parent family/children...