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Okanagan Real Estate Statistics - May 2017

Okanagan Real Estate Statistics - May 2017

Property Type:
21.7% by Relocating and moving to similar property type (up from 19.0% in April)
18.2% by First Time Buyers (down from 18.5%)
17.8% by Move-Up Buyers (up from 15.8%)
14.3% by Buyers Downsizing (down from 15.5%)
13.2% buying Revenue/Investment Property (down from 14.3%)
5.9% moving from Single Family Home to Strata Unit (up from 5.7%)
4.4% buying Recreation Property (up from 3.9%)
2.6% moving from Strata Property to Single Family Home (down from 4.2%)
1.3% moving into Retirement Home/Seniors Community (down from 1.8%)
 
Buyer Type (Family Dynamic):
26.0% Two Parent Family/Children (down from 27.1% in April)
25.8% Couple without Children (up from 21.8%)
20.7% Empty Nester/Retired (up from 19.2%)
12.7% Single Female (down from 14.7%)
10.7% Single Male (down from 11.8%)
3.1% Single Parent with Children (down from 4.7%)
 
Moving From:
52.5% from Within OMREB Board Area (down from 56.3% in April)
20.8% from Lower Mainland/Vancouver Island (up from 19.9%)
9.8% from Alberta (up from 8.5%)
8.2% from Other Areas in BC (down from 9.1%)
4.3% from Eastern Canada/Maritimes (up from 2.9%)
3.3% from Saskatchewan/Manitoba (up from 2.1%)
1.1% from Outside Canada (up from 0.9%)
0.0% from NWT/Yukon (down from 0.3%)

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

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