The Buyers Survey Results are now out for April 2018 covering the Kelowna Real Estate Market and Central Okanagan Area.
Buyers are still moving from Vancouver and the Lower Mainland in greater numbers than those from Alberta, and local Buyer numbers remain steady.
I am also watching how the proposed Speculation Tax may start to affect sales in Kelowna and West Kelowna, and numbers are down 2.34% this month.
Vernon and Coldstream, on the other hand, saw a 6.24% increase in Buyers last month.
I am sure Kelowna Real Estate Sellers will be watching those numbers closely, to see whether the new Tax really does affect Buyer numbers.
Best describe your most recent Buyer (moving to/from property type)
First Time Buyer – 14.53% down from 15.2%
Moving Up – 18.97% up from 18.1%
Similar Property Type – 21.18% down from 23.6%
Revenue Property Investor – 14.78% up from 12.7%