The latest Kelowna Real Estate Buyers Survey Results are now out, for January 2021.
First Time Buyers & those moving to similar properties were busier this month, & there was a reduction in move-up Buyers.
Fewer families purchased, and fewer local Buyers were in the market, but more empty-nesters / retired people bought & more from the Lower Mainland and Alberta.
There was also a significant fall in those buying in the Kelowna area, I suspect due to lack of inventory,
Here is the full report.
Best describe your most recent Buyer (moving to/from property type)
First Time Buyer – 17.67% (15.61%)
Revenue Property Investor – 14.67% (14.97%)
Moving Up – 16.33% (24.20%)
Similar Property Type – 18.00% (15.92%)
Downsizing – 12.67% (12.74%)
Single-family Res to Strata – 3.33% (2.55%)
Recreational Property – 11.33% (6.69%)
Retirement Community – 1.00% (1.27%)
Strata to Single Family – 0.67% (2.87%)
Describe the Buyer (family...