Kelowna Real Estate Market News

Kelowna Real Estate News - Buyers Survey Nov 2018

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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