Kelowna Real Estate Market News

Kelowna Real Estate Market - Where the Buyers Came from November 2017

 

The Kelowna Real Estate Market Buyers Survey Results are now out for November 2017.

 

Interestingly Relocating were Buyers busy in the Kelowna Real Estate Market and interestingly Lower Mainland / Vancouver Buyers represented 21.1% of the Market, which is one of the highest percentages we have seen.

Property Type:

21.3% by Relocating and moving to similar property type (down from 21.5% in October)
18.9% by First Time Buyers (up from 15.5%)
18.9% by Move-Up Buyers (up from 13.9%)
13.1% buying Revenue/Investment Property (down from 18.2%)
11.9% by Buyers Downsizing (up from 11.5%)
5.7% buying Recreation Property (down from 7.6%)
4.5% moving from Strata Property to Single Family Home (up from 3.6%)
4.1% moving from Single Family Home to Strata Unit (down from 5.2%)
0.4% moving into Retirement Home/Seniors Community (down from 2.7%)

Buyer Type (Family Dynamic):


29.1% Two Parent Family/Children (up from 28.8% in October)
25.8% Couple without Children (up from 23.3%)
16.8% Empty Nester/Retired (down from 18.5%)
11.5% Single Female (down from 13.3%)
9.8% Single Male (down from 10.9%)
5.3% Single Parent with Children (up from 4.2%)
 
Moving From:


54.1% from Within OMREB Board Area (down from 56.3% in October)
21.1% from Lower Mainland/Vancouver Island (up from 16.6%)
8.5% from Alberta (down from 13.6%)
7.7% from Other Areas in BC (up from 6.0%)
3.3% from Eastern Canada/Maritimes (no change from 3.3%)
2.9% from Outside Canada (up from 2.1%)
2.4% from Saskatchewan/Manitoba (up from 2.1%)
0.0% from NWT/Yukon (no change from 0.0%)

 

Kind Regards

 

Trish Cenci

 

Tel 250 864 1707

 

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