Revenue Property Investors were busier in the Market during the last month, as were Couples without Children.

We saw an increase in Buyers from the Lower Mainland and Vancouver Island & a few more Buyers Buying in the Kelowna / West Kelowna areas and Shuswap / Revelstoke areas.

Please read the full report below.

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

First Time Buyer – 16.67%

Revenue Property Investor – 18.99%

\Moving Up – 16.46%

Similar Property Type – 14.35%

Downsizing – 10.97%

Single-family Res to Strata – 6.96%

Recreational Property – 9.28%

Retirement Community – 0.63%

Strata to Single Family – 2.74%

Describe the Buyer (family dynamic):

Couple without children – 24.79%
Two Parent family /children – 29.41%
Empty nesters or retired – 19.54%
Single female – 10.71%
Single male – 10.50%
Single parent with children – 3.57%

Where did Buyer move from?

From within Association area – 50.63%
From Lower Mainland/Island – 22.71%
From Alberta – 11.88%
From other Areas BC – 6.46%
From E Canada/Maritimes – 5.00%
From Sask./Manitoba – 1.88%
From outside Canada – 0.83%

In what area was the property purchased?

Kelowna/West Kelowna – 43.04%
Vernon/Coldstream – 14.35%
Central Ok (outside K/WK) – 4.78%
Salmon Arm – 4.37%
North Ok (outside V/CS) – 5.41%
Shuswap/Rev (outside SA) – 6.44%
Oliver/Osoyoos – 6.03%
Princeton/Keremeos – 0.83%
Summerland – 2.91%
Penticton/Naramata – 10.40%
Dawson Creek – 0.83%
Chetwynd/Tumbler Ridge – 0.62%

Kind Regards

Trish Cenci

Tel 250 864 1707