Kelowna Real Estate Market News

Kelowna Real Estate Market April 2019 Buyers Survey

The latest Buyers Survey Results have now been published for the Kelowna Real Estate Market and Central Okanagan Area for April 2019.


Points of interest this month -:


- 61.37% of Buyers were local compared to 56.2% in April 2018.

- 15.07% of Buyers came from the Lower Mainland compared to 20.2% April 2018 - highlighting the effects of the dip in their Real Estate Markets.

- 9.59% of Buyers came from Alberta, which was up from 9.1% last year.


Here is the full summary below.


Overview Property Type:


23.48% First Time Purchase (down from 24.00% in March)

19.61% Move Up Purchase (up from 19.11%)

16.85% Relocating to Similar Property Type (up from 15.56%)

8.29% Revenue/Investment (up from 8.00%)

15.75% Downsizing (up from 14.67%)

5.52% Moving from Single-family Home to Strata Unit (up from 4.89%)

2.76% Moving from Strata Property to Single Family Home (up from 2.67%)

5.25% Recreational Property (up from 4.89%)

2.49% Retirement Home/Seniors Community (up from 0.89%)


Buyer Type (Family Dynamic):


22.47% Two Parent family/children (down from 27.19% in March)

30.41% Couple without children (up from 27.19%)

21.10% Empty nesters or retired (up from 20.18%)

11.78% Single female (up from 9.21%)

12.05% Single male (up from 10.09%)

2.19% Single parent with children (down from 2.63%)


Moving From:


61.37% From within Board area (up from 59.65% in March)

15.07% From Lower Mainland/Island (up from 14.91%)

7.95% From other Areas BC (down from 8.33%)

9.59% From Alberta (down from 9.65%)

2.74% From outside Canada (up from 2.63%)

1.92% From E Canada/Maritimes (down from 3.95%)

1.10% From Sask./Manitoba (up from 0.88%)

0.27% From the NWT/Yukon (up from 0.00%) 


Kind Regards


Trish Cenci


 

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