
The November 2018 Buyers Survey Results are now out for the Kelowna and Central Okanagan Real Estate Market.
First-time Buyers were busier again this month, up from 14.87% to 16.84%. Investor numbers were also up from 14.56% to 16.84%.
The numbers Buying properties from within the Central Okanagan area were also up from 56.07% to 58.95%, from the Lower Mainland up from 18.07% to 205 and from Alberta up from 7.48% to 10.53%.
People Buying in the Kelowna area last month took a jump fro, 42.06% to 62.11%.
Here are the full results below.
Best describe your most recent Buyer (moving to/ from property type)
First Time Buyer – 16.84%
Revenue Property Investor –
16.84%
Moving Up – 20.00%
Similar Property Type – 21.05%
Downsizing – 7.37%
Single Family Residential to Strata – 3.16%
Recreational Property – 9.47%
Retirement Community – 3.16%
Strata to Single Family – 2.11%
Best describe your most recent Buyer (moving to/ from property type)
A couple without children – 24.21%
Two Parent family/children – 29.47%
Empty nesters or retired – 21.05%
Single female –10.53%
Single male –10.53
A single parent with children –4.21%
How did Buyer finance purchase?
Conventional (>20% down) – 57.45%
All cash – 20.21%
High ratio (< 20% down) – 22.34%
Rental income to qualify – 1.06%
Where did Buyer move from?
From within Board area- 58.95%
From Lower Mainland/Island – 20.00%
From Alberta – 10.53%
From other Areas BC – 5.26%
From E Canada/Maritimes – 2.11%
From Sask./Manitoba – 1.05%
From outside Canada – 2.11%
From the NWT/Yukon – 0.00%
In what area was property purchased?
Kelowna/West Kelowna – 62.11%
Vernon/Coldstream – 15.79%
Central Ok (outside K/WK) – 9.47%
Salmon Arm – 3.16%
North Ok (outside V/CS) – 3.16%
Shuswap/Rev (outside SA) – 6.32%
Kind Regards
Trish Cenci
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