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Who is Buying Real Estate in Kelowna:


Blog by | January 30th, 2018


Who is Buying Real Estate in Kelowna:

Property Type:

20.5% by First Time Buyers (up from 18.9% in November)
18.2% by Move-Up Buyers (down from 18.9%)
18.2% buying Revenue/Investment Property (up from 13.1%)
14.2% by Relocating and moving to similar property type (down from 21.3%)
13.6% by Buyers Downsizing (up from 11.9%)
6.3% moving from Single Family Home to Strata Unit (up from 4.1%)
4.6% buying Recreation Property (down from 5.7%)
3.4% moving into Retirement Home/Seniors Community (up from 0.4%)
1.7% moving from Strata Property to Single Family Home (down from 4.5%)

Buyer Type (Family Dynamic):
25.4% Couple without Children (up from 25.8% in November)
23.7% Two Parent Family/Children (up from 29.1%)
18.1% Empty Nester/Retired (down from 16.8%)
13.0% Single Male (down from 9.8%)
12.4% Single Female (down from 11.5%)
5.1% Single Parent with Children (up from 5.3%)
 
Moving From:
64.2% from Within OMREB Board Area (up from 54.1% in November)
18.8% from Lower Mainland/Vancouver Island (down from 21.1%)
8.0% from Other Areas in BC (up from 7.7%)
4.0% from Alberta (down from 8.5%)
3.4% from Saskatchewan/Manitoba (up from 2.4%)
1.1% from Eastern Canada/Maritimes (down from 3.3%)
0.6% from Outside Canada (down from 2.9%)
0.0% from NWT/Yukon (no change from 0.0%)


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