
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 dynamic):
Couple without children – 18.81% (25.14%)
Two-Parent Family/children – 27.06% (31.35%)
Empty nesters or retired – 19.47% (17.89%)
Single female – 13.20% (7.99%)
Single male – 17.16% (11.82%)
Single parent with children – 1.98% (3.83%)
Where did Buyer move from?
From within Board area – 56.95% (63.49%)
From Lower Mainland/Island – 18.54% (15.56%)
From Alberta – 10.26% (8.57%)
From other Areas BC – 6.95% (5.40%)
From E Canada/Maritimes – 4.30% (4.13%)
From Sask./Manitoba – 2.32% (1.59%)
From outside Canada – 0.33% (0.95%)
From the NWT/Yukon – 0.33% (0.32%)
In what area was the property purchased?
Kelowna/West Kelowna – 40.73% (55.06%)
Vernon/Coldstream – 15.89% (16.77%)
Central Ok (outside K/WK) – 4.97% (7.91%)
Salmon Arm – 5.30% (4.43%)
North Ok (outside V/CS) – 7.95%( 8.86%)
Shuswap/Rev (outside SA) – 4.97% (6.96%)
Oliver/Osoyoos – 5.30%
Kind Regards
Trish Cenci
Kelowna Real Estate Agent
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