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July 2016 Okanagan Real Estate Stats

July Okanagan Real Estate Stats:
 
Property Type:
21.4% by Relocating and moving to similar property type (up from 20.8% in June)
17.7% by Move-Up Buyers (down from 20.0%)
17.4% by First Time Buyers (up from 11.9%)
14.7% by Buyers Downsizing (down from 18.6%)
12.7% buying Revenue/Investment Property (down from 13.6%)
5.5% moving from Strata Property to Single Family Home (up from 3.0%)
5.2% moving from Single Family Home to Strata Unit (down from 7.9%)
4.2% buying Recreation Property (up from 3.6%)
2.0% moving into Retirement Home/Seniors Community (down from 2.6%)
Buyer Type (Family Dynamic):
29.7% Two Parent Family/Children (up from 25% in June)
22.9% Couple without Children (down from 24.7%)
21.1% Empty Nester/Retired (up from 20.7%)
13.8% Single Female (up from 13.5%)
8.8% Single Male (down from 11.2%)
3.4% Single Parent with Children (down from 4.7%)
Moving From:
59.9% from Within OMREB Board Area (up from 55.7% in June)
17.8% from Lower Mainland/Vancouver Island (down from 18.2%)
9.3% from Alberta (down from 11.2%)
6.6% from Other Areas in BC (down from 8%)
2.2% from Eastern Canada/Maritimes (down from 3.1%)
2.2% from Outside Canada (up from 1.2%)
1.7% from Saskatchewan/Manitoba (down from 2.5%)
0.2% from NWT/Yukon (up from 0%)


--
Alexandra Axsen
Lake Okanagan Realty Ltd.
Managing Broker
Tel: (250) 870-2792
Email: Alex@LakeOkanaganRealty.com

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