Quick two minute drill keeping you up to date on the  Real Estate in Kelowna  market

For the week of February 10 – 16 2014

These surveys are done by our real estate board and real estate agents are asked where buyers are coming from and details about their family dynamic.  Certainly not scientific by any means but it reinforces things we already know.  Out of town buyers from Alberta or Vancouver tend to make their presences known in the Summer as opposed to Winter,  There’s no such thing as a normal family anymore and Kelowna is an expensive place to buy a house.

  • New listings last week 178
  • Sales 54
  • Expired Listings 23
  • Lowest/highest Residential $140,000/$3,746,000

 

Survey results from January 2014.

  • 20.8% of buyers were first time buyers
  • 26.4% were move up buyers
  • 6.4% were buying revenue/investment property

Buyer Type (family dynamic)

  • 23.7% empty nester/retired
  • 20.7% Two parent family with children
  • 19.3% Couple without children
  • 17% Single female
  • 14.1% Single male
  • 6.7% Single parent with children

And no,  I’m not sure why numbers don’t add up to 100%.

Moving to Kelowna from

  • 60.3% from within our Okanagan board area (Peachland to Oyama to Big White)
  • 13.2% Alberta
  • 11% other areas in BC
  • 6.8% Vancouver / Vancouver island
  • 9.7% everywhere else

Are you  Moving to Kelowna? Let us put together an information package for you and your family Kelowna real estate information delivered daily Call Andrew 1-877-330-5884

Kelowna Realtor Andrew SmithAndrew Smith

Smith McLellan Group

Royal LePage Kelowna

www.Okanaganbc.com

 

 

Helping families realize their dream of owning a Kelowna home one move at a time

Andrew Smith Royal LePage Kelowna

Andrew Smith 3:06 pm