Kelowna Real Estate Market News

Kelowna Real Estate Buyers Survey Results May 2021

Downsizing Buyers were busier in the Kelowna and Central Okanagan Real Estate Market during April 2021, with fewer Buyers moving from the Lower Mainland and more from Alberta.


A higher percentage purchase in the Vernon / Coldstream area last month, while slightly fewer buyers purchased 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 – 14.47% (16.21%)

Revenue Property Investor – 13.05% (14.40%)

Moving Up – 16.82% (16.60%)

Similar Property Type – 18.24% (19.46%)

Downsizing – 15.41% (13.23%)

Single-family Res to Strata – 5.35% (4.41%)

Recreational Property – 9.12% (8.43%)

Retirement Community – 1.89% (1.56%)

Strata to Single Family – 2.67% (2.72%)


Describe the Buyer (family dynamic):


Couple without children – 24.77% (23.82%)

Two Parent family /children – 28.02% (27.27%)
Empty nesters or retired – 18.58% (20.10%)
Single female – 12.54% (12.42%)
Single male – 10.84% (11.52%)
Single parent with children – 2.94% (3.20%)


Where did Buyer move from?


From within Association area – 49.38% (51.28%)
From Lower Mainland/Island – 24.84% (23.59%)
From Alberta – 13.20% (9.62%)
From other Areas BC – 4.81% (6.28%)

From E Canada/Maritimes – 4.19% (4.62%)
From Sask./Manitoba – 2.48% (2.31%)
From outside Canada – 1.09% (2.18%)

From the NWT/Yukon – 0.00 % (0.13%)


In what area was the property purchased?


Kelowna/West Kelowna – 42.44% (43.33%)
Vernon/Coldstream – 19.91% (15.94%)
Central Ok (outside K/WK) – 5.25% (4.88%)
Salmon Arm – 5.71% (4.37%)
North Ok (outside V/CS) – 4.63% (5.41%)
Shuswap/Rev (outside SA) – 6.64% (6.30%)
Oliver/Osoyoos – 6.02% (3.98%)
Princeton/Keremeos – 0.77% (1.03%)
Summerland – 1.54% (1.93%)
Penticton/Naramata – 6.33% (7.84%)
Dawson Creek – 0.62% (1.54%)
Chetwynd/Tumbler Ridge – 0.15% (0.64%)


Kind Regards


Trish Cenci

Tel 250 864 1707

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