Kelowna Real Estate Market News

The latest Association of Interior Realtors Buyer Survey Results for July 2022 are now out.

First-Time Buyers and Move-Up Buyers were busier last month, as well as buyers of Similar Properties.

There were a larger proportion of local buyers in the Market last month, together with a modest uptick in Buyers from the Lower Mainland and Vancouver Island, and a slight drop in Alberta Buyers.

There were fewer Buyers in the Kelowna /West Kelowna area, while many other areas saw numbers rise.

Here are the full results.

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

First Time Buyer – 19.79% (16.85%)

Revenue Property Investor – 10.25% (11.80%)

Moving Up – 13.07% (10.67%)

Similar Property Type – 25.80% (22.75%)

Downsizing – 15.90% (16.01%)

Single-family Res to Strata – 4.95% (5.62%)

Recreational Property – 8.13% (8.43%)

Retirement Community – 2.47% (2.25%)

Strata to Single Family – 2.47% (2.53%)

Describe the Buyer (family dynamic):...

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