The latest Buyers Survey Results are now available for the Kelowna and Central Okanagan Real Estate Market for June 2019.
There were fewer people 'moving up', more people purchasing similar properties, fewer people downsizing and more people moving into Retirement Communities.
Local buyers were a little more active, Lower Mainland Buyers Slightly less and Alberta Buyers slightly higher.
Here is the full summary below.
Best describe your most recent Buyer (moving to/from property type)
First Time Buyer – 18.95%
Revenue Property Investor – 10.46%
Moving Up – 14.71%
Similar Property Type – 21.24%
Downsizing – 15.69%
Single-family Residential to Strata – 5.23%
Recreational Property – 5.88%
Retirement Community – 4.58%
Strata to Single Family – 3.59%
Describe the Buyer (family dynamic):
Couple without children – 22.22%
Two Parent family/children – 28.43%
Empty nesters or retired – 25.49%
Single female – 10.78%