Kelowna Real Estate Market News

The Kelowna and Interior Buyer Survey Results are now out for July 2021.


Investors and move-up Buyers were busier last month, while there were fewer people buying similar properties.


Buyers from the Lower Mainland and Alberta were still very active, while there were significantly fewer Buyers in the Kelowna / West Kelowna area.


Please read the full report below.


Best describe your most recent Buyer (moving to/from property type)


First Time Buyer – 15.69% (16.93%)

Revenue Property Investor – 14.31% (13.75%)

Moving Up – 16.47% (13.94%)

Similar Property Type – 19.02% (24.10%)

Downsizing – 12.75% (13.35% )

Single-family Res to Strata – 6.67% (5.18%)

Recreational Property – 9.61% (7.77%)

Retirement Community – 1.18% (1.39%)

Strata to Single Family – 3.33% (1.99%)

 


Describe the Buyer (family dynamic):


Couple without children – 21.32% (24.51%)

Two-Parent Family /children – 28.88% (25.49%)
Empty nesters or retired – 20.35%...

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The Kelowna and Interior Buyer Survey Results are now out for June 2021.


Move-up Buyers were less busy last month while Buyers of similar properties and downsizing Buyers were busier.


They were slightly fewer Alberta buyers, however a few more buyers from other areas of BC.


There seemed to be slightly fewer Buyers in Kelowna, Vernon & Coldstream, with more Buyers in the Shuswap / Revelstoke and Summerland areas.


Please read the full report below.


Best describe your most recent Buyer (moving to/from property type)


First Time Buyer – 16.93% (17.65 %)

Revenue Property Investor – 13.75% (12.33%)

Moving Up – 13.94% (15.75%)

Similar Property Type – 24.10% (22.77%)

Downsizing – 13.35%  (10.82%)

Single-family Res to Strata – 5.18% (2.66%)

Recreational Property – 7.77% (9.87%)

Retirement Community – 1.39% (2.09%)

Strata to Single Family – 1.99% (3.61%)

 


Describe the Buyer (family dynamic):


Couple without children – 24.51%...

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The Kelowna and Interior Buyer Survey Results are now out for May 2021.


First-time Buyers were busier again this month, and Buyers from the Lower Mainland & Vancouver Island are also continuing to purchase homes in this area.


Please read the full report below.


Best describe your most recent Buyer (moving to/from property type)


First Time Buyer – 17.65 % (14.47%)

Revenue Property Investor – 12.33% (13.05%)

Moving Up – 15.75% (16.82%)

Similar Property Type – 22.77% (18.24%)

Downsizing – 10.82% (15.41%)

Single-family Res to Strata – 2.66% (5.35%)

Recreational Property – 9.87% (9.12%)

Retirement Community – 2.09% (1.89%)

Strata to Single Family – 3.61% (2.67%)



Describe the Buyer (family dynamic):


Couple without children – 24.95% (24.77%)

Two-Parent Family /children – 28.17% (28.02%)
Empty nesters or retired – 18.34% (18.58%)
Single female – 13.61% (12.54%)
Single male – 12.48% (10.84%)
Single parent with children...

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Downsizing Buyers were busier in the Kelowna and Central Okanagan Real Estate Market during April 2021, with fewer Buyers moving from the Lower Mainland and more from Alberta.


A higher percentage purchase in the Vernon / Coldstream area last month, while slightly fewer buyers purchased in the Kelowna / West Kelowna area.


Please read the full report below.


Best describe your most recent Buyer (moving to/from property type)


First Time Buyer – 14.47% (16.21%)

Revenue Property Investor – 13.05% (14.40%)

Moving Up – 16.82% (16.60%)

Similar Property Type – 18.24% (19.46%)

Downsizing – 15.41% (13.23%)

Single-family Res to Strata – 5.35% (4.41%)

Recreational Property – 9.12% (8.43%)

Retirement Community – 1.89% (1.56%)

Strata to Single Family – 2.67% (2.72%)


Describe the Buyer (family dynamic):


Couple without children – 24.77% (23.82%)

Two Parent family /children – 28.02% (27.27%)
Empty nesters or retired – 18.58% (20.10%)
Single...

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There were fewer Revenue Property Buyers last month, but more buying similar properties and downsizing.


Local buyers continued to be busy in the MArket as well as Buyers from the Lower Mainland and Vancouver Island.


Please read the full report below.


Best describe your most recent Buyer (moving to/from property type)


First Time Buyer – 16.21% (16.67%)

Revenue Property Investor – 14.40% (18.99%)

Moving Up – 16.60% (16.46%)

Similar Property Type – 19.46% (14.35%)

Downsizing – 13.23% (10.97%)

Single-family Res to Strata – 4.41% (6.96%)

Recreational Property – 8.43% (9.28%)

Retirement Community – 1.56% (0.63%)

Strata to Single Family – 2.72% (2.74%)


Describe the Buyer (family dynamic):


Couple without children – 23.82% (24.79%)

Two Parent family /children – 27.27% (29.41%)
Empty nesters or retired – 20.10% (19.54%)
Single female – 12.42% (10.71%)
Single male – 11.52% (10.50%)
Single parent with children – 3.20%...

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Revenue Property Investors were busier in the Market during the last month, as were Couples without Children.


We saw an increase in Buyers from the Lower Mainland and Vancouver Island & a few more Buyers Buying in the Kelowna / West Kelowna areas and Shuswap / Revelstoke areas.


Please read the full report below.


Best describe your most recent Buyer (moving to/from property type)


First Time Buyer – 16.67%

Revenue Property Investor – 18.99%

\Moving Up – 16.46%

Similar Property Type – 14.35%

Downsizing – 10.97%

Single-family Res to Strata – 6.96%

Recreational Property – 9.28%

Retirement Community – 0.63%

Strata to Single Family – 2.74%


Describe the Buyer (family dynamic):


Couple without children – 24.79%
Two Parent family /children – 29.41%
Empty nesters or retired – 19.54%
Single female – 10.71%
Single male – 10.50%
Single parent with children – 3.57%


Where did Buyer move from?


From within Association...

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