Kelowna Real Estate Market News

Kelowna Real Estate Buyers Survey Results August 2021

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% (18.97%)
Single female – 11.24% (14.03%)
Single male – 11.82% (12.45%)
Single parent with children – 5.04% (4.35%)



Where did Buyer move from?


From within Association area – 47.49% (48.53%)
From Lower Mainland/Island – 23.17% (24.17%)
From Alberta – 12.16% (10.41%)
From other Areas BC – 8.88% (8.06% )

From E Canada/Maritimes – 5.02% (5.89%)
From Sask./Manitoba – 1.74% (1.96%)
From outside Canada – 1.16% (0.59%)

From the NWT/Yukon – 0.39% (0.39%)


In what area was the property purchased?


Kelowna/West Kelowna – 38.54 % (45.06%)
Vernon/Coldstream – 15.99% (13.44%)
Central Ok (outside K/WK) – 6.94% (6.13%)
Salmon Arm – 5.59% (3.75%)
North Ok (outside V/CS) – 6.74% (3.95%)
Shuswap/Rev (outside SA) – 9.44% (9.49%)
Oliver/Osoyoos – 3.85% (4.74%)
Princeton/Keremeos – 1.16% (0.59%)
Summerland – 1.73% (1.98%)
Penticton/Naramata – 8.67% (7.71%)
Dawson Creek – 0.77% (2.96%)
Chetwynd/Tumbler Ridge – 0.58% (0.20%)



Kind Regards


Trish Cenci

Tel 250 864 1707

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