Kelowna Real Estate Market News

Kelowna Real Estate Buyers Survey Results June 2021

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


First-time Buyers were busier again this month, and Buyers from the Lower Mainland & Vancouver Island are also continuing to purchase homes in this area.


Please read the full report below.


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


First Time Buyer – 17.65 % (14.47%)

Revenue Property Investor – 12.33% (13.05%)

Moving Up – 15.75% (16.82%)

Similar Property Type – 22.77% (18.24%)

Downsizing – 10.82% (15.41%)

Single-family Res to Strata – 2.66% (5.35%)

Recreational Property – 9.87% (9.12%)

Retirement Community – 2.09% (1.89%)

Strata to Single Family – 3.61% (2.67%)



Describe the Buyer (family dynamic):


Couple without children – 24.95% (24.77%)

Two-Parent Family /children – 28.17% (28.02%)
Empty nesters or retired – 18.34% (18.58%)
Single female – 13.61% (12.54%)
Single male – 12.48% (10.84%)
Single parent with children – 1.32% (2.94%)



Where did Buyer move from?


From within Association area – 48.41% (49.38%)
From Lower Mainland/Island – 24.77% (24.84%)
From Alberta – 12.01% (13.20%)
From other Areas BC – 7.5% (4.81%)

From E Canada/Maritimes – 5.63% (4.19%)
From Sask./Manitoba – 0.75% (2.48%)
From outside Canada – 0.75% (1.09%)

From the NWT/Yukon – 0.19% (0.00 %)


In what area was the property purchased?


Kelowna/West Kelowna – 46.99% (42.44%)
Vernon/Coldstream – 15.98% (19.91%)
Central Ok (outside K/WK) – 5.26% (5.25%)
Salmon Arm – 3.76% (5.71%)
North Ok (outside V/CS) – 4.32% (4.63%)
Shuswap/Rev (outside SA) – 8.27% (6.64%)
Oliver/Osoyoos – 5.08% (6.02%)
Princeton/Keremeos – 0.56% (0.77%)
Summerland – 0.75% (1.54%)
Penticton/Naramata – 7.14% (6.33%)
Dawson Creek – 1.88% (0.62%)
Chetwynd/Tumbler Ridge – 0.00% (0.15%)


Kind Regards


Trish Cenci

Tel 250 864 1707

Comments:
No comments

Post Your Comment:

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.