The latest Buyers Survey Results have now been published for the Kelowna Real Estate Market and Central Okanagan Area for April 2019.

Points of interest this month -:

- 61.37% of Buyers were local compared to 56.2% in April 2018.

- 15.07% of Buyers came from the Lower Mainland compared to 20.2% April 2018 - highlighting the effects of the dip in their Real Estate Markets.

- 9.59% of Buyers came from Alberta, which was up from 9.1% last year.

Here is the full summary below.

Overview Property Type:

23.48% First Time Purchase (down from 24.00% in March)

19.61% Move Up Purchase (up from 19.11%)

16.85% Relocating to Similar Property Type (up from 15.56%)

8.29% Revenue/Investment (up from 8.00%)

15.75% Downsizing (up from 14.67%)

5.52% Moving from Single-family Home to Strata Unit (up from 4.89%)

2.76% Moving from Strata Property to Single Family Home (up from 2.67%)

5.25% Recreational Property (up from 4.89%)

2.49% Retirement Home/Seniors Community (up from 0.89%)

Buyer Type (Family Dynamic):

22.47% Two Parent family/children (down from 27.19% in March)

30.41% Couple without children (up from 27.19%)

21.10% Empty nesters or retired (up from 20.18%)

11.78% Single female (up from 9.21%)

12.05% Single male (up from 10.09%)

2.19% Single parent with children (down from 2.63%)

Moving From:

61.37% From within Board area (up from 59.65% in March)

15.07% From Lower Mainland/Island (up from 14.91%)

7.95% From other Areas BC (down from 8.33%)

9.59% From Alberta (down from 9.65%)

2.74% From outside Canada (up from 2.63%)

1.92% From E Canada/Maritimes (down from 3.95%)

1.10% From Sask./Manitoba (up from 0.88%)

0.27% From the NWT/Yukon (up from 0.00%) 

Kind Regards

Trish Cenci