Kelowna Real Estate Market News

Kelowna Real Estate Buyers Survey Results July 2021

The Kelowna and Interior Buyer Survey Results are now out for June 2021.


Move-up Buyers were less busy last month while Buyers of similar properties and downsizing Buyers were busier.


They were slightly fewer Alberta buyers, however a few more buyers from other areas of BC.


There seemed to be slightly fewer Buyers in Kelowna, Vernon & Coldstream, with more Buyers in the Shuswap / Revelstoke and Summerland areas.


Please read the full report below.


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


First Time Buyer – 16.93% (17.65 %)

Revenue Property Investor – 13.75% (12.33%)

Moving Up – 13.94% (15.75%)

Similar Property Type – 24.10% (22.77%)

Downsizing – 13.35%  (10.82%)

Single-family Res to Strata – 5.18% (2.66%)

Recreational Property – 7.77% (9.87%)

Retirement Community – 1.39% (2.09%)

Strata to Single Family – 1.99% (3.61%)

 


Describe the Buyer (family dynamic):


Couple without children – 24.51% (24.95%)

Two-Parent Family /children – 25.49% (28.17%)
Empty nesters or retired – 18.97% (18.34%)
Single female – 14.03% (13.61%)
Single male – 12.45% (12.48%)
Single parent with children – 4.35% (1.32%)



Where did Buyer move from?


From within Association area – 48.53% (48.41%)
From Lower Mainland/Island – 24.17% (24.77%)
From Alberta – 10.41% (12.01%)
From other Areas BC – 8.06% (7.5%)

From E Canada/Maritimes – 5.89% (5.63%)
From Sask./Manitoba – 1.96% (0.75%)
From outside Canada – 0.59% (0.75%)

From the NWT/Yukon – 0.39% (0.19%)


In what area was the property purchased?


Kelowna/West Kelowna – 45.06% (46.99%)
Vernon/Coldstream – 13.44% (15.98%)
Central Ok (outside K/WK) – 6.13% (5.26%)
Salmon Arm – 3.75% (3.76%)
North Ok (outside V/CS) – 3.95% (4.32%)
Shuswap/Rev (outside SA) – 9.49% (8.27%)
Oliver/Osoyoos – 4.74% (5.08%)
Princeton/Keremeos – 0.59% (0.56%)
Summerland – 1.98% (0.75%)
Penticton/Naramata – 7.71% (7.14%)
Dawson Creek – 2.96% (1.88%)
Chetwynd/Tumbler Ridge – 0.20% (0.00%)


Kind Regards


Trish Cenci

Tel 250 864 1707

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