Revenue Property Investors were busier buying in the Kelowna Real Estate Market during August than in the previous month.

The number of buyers from the Lower Mainland and Vancouver Island also remained at elevated levels.

Please read the full report below-:

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

First Time Buyer – 12.74%

Revenue Property Investor – 20.75%

Moving Up – 14.62%

Similar Property Type – 20.75%

Downsizing – 10.85%

Single-family Res to Strata – 4.25%

Recreational Property – 8.96%

Retirement Community – 1.89%

Strata to Single Family – 4.01%

Describe the Buyer (family dynamic):

Couple without children – 23.83%

Two Parent family /children – 31.54%

Empty nesters or retired – 20.33%

Single female – 10.75%

Single male – 9.81%

Single parent with children – 2.80%

Where did Buyer move from?

From within Association area – 46.28%

From Lower Mainland/Island – 25.35%

From Alberta – 11.16%

From other Areas BC – 6.74%

From E Canada/Maritimes – 5.35%

From Sask./Manitoba – 2.33%

From outside Canada – 1.63%

From the NWT/Yukon – 1.16%

In what area was property purchased?

Kelowna/West Kelowna – 40.00%

Vernon/Coldstream – 16.74%

Central Ok (outside K/WK) – 6.74%

Salmon Arm – 4.88%

North Ok (outside V/CS) – 5.58%

Shuswap/Rev (outside SA) – 10.00%

Oliver/Osoyoos – 3.49%

Princeton/Keremeos – 0.47%

Summerland – 1.40%

Penticton/Naramata – 6.98%

Dawson Creek – 3.02%

Chetwynd/Tumbler Ridge – 0.70%

Kind Regards

Trish Cenci

Kelowna Real Estate Agent