Kelowna Real Estate Market News

Kelowna Real Estate Buyers Survey Results July 2019

When we look at the Buyers Survey Results for Kelowna and the Central Okanagan, for July 2019, we see fewer people relocated to the area, more people moved up in their purchase, fewer 'local people' moved but there were a few more buyers from Alberta.

To view the full details from the Okanagan Mainline Real Estate Board (OMREB)- see below-:

Property Type: Buyer Type (Family Dynamic):

18.29% First Time Purchase (down from 18.95% in June)

16.81% Move Up Purchase (up from 14.71%)

16.81% Relocating to Similar Property Type (down from 21.24%)

13.27% Revenue/Investment (up from 10.46%)

15.04% Downsizing (down from 15.69%)

5.01% Moving from Single-family Home to Strata Unit (down from 5.23%)

2.65% Moving from Strata to Single Family Home (down from 3.59%)

7.67% Recreational Property (up from 5.88%)

0.59% Retirement Home/Seniors Community (down from 4.58%)

Buyer Type (Family Dynamic):

28.57% Two Parent family with children (up from 28.43% in June)

21.57% Couple without children (down from 22.22%)

23.03% Empty nesters or retired (down from 25.49%)

10.79% Single Female (up from 10.78%)

10.79% Single Male (up from 8.50%)

2.92% Single parent with children (down from 3.59%)

Moving From:

60.17% From within Board area (down from 63.19% in June)

13.66% From Lower Mainland/Island (down from 14.01%)

9.59% From other Areas BC (up from 8.14%)

9.59% From Alberta (up from 8.14%)

2.62% From outside Canada (up from 1.30%)

2.03% From E Canada/Maritimes (down from 3.26%)

2.03% From Sask./Manitoba (up from 1.63%)

0.29% From the NWT/Yukon (down from 0.33%) 

Kind Regards

Trish Cenci

Tel 250 864 1707

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