Like most communities, the majority of buyers are local. They’re people moving to a bigger house when they have a baby or downsizing to a townhouse once the kids move out. Royal LePage tracked 3,160 Kelowna Home buyers and found some surprising stats.
The eye-opener for me was that so few purchasers have been coming from Alberta lately. In this 12 month period, 18 were from Edmonton, 43 from Calgary and 28 from rest of Alberta. That seemed like a typical Spring weekend in the good old days instead of a 12 months period.
I was surprised too to find out that so many came from the South Okanagan (90) and North Okanagan (167). Vancouverites still love moving here with 172 moving trucks coming this way. Other areas…
Sask-Manitoba 10, International 5, USA 9, Northern BC 19, Ontario 16.
For a Realtor it is always a consideration where to advertise and what percentage of advertising dollars in each area will bring the best response and attract the most promising buyer for a particular Kelowna listing. We are always looking for the perfect answer to what will make the phone ring. Â So, the next time a Realtor has a strategy to attract out of town buyers for your home it might be more prudent to advertise the home in Salmon Arm or Penticton instead of Calgary of Edmonton. You can ask your Kelowna Realtor where the majority of buyers have been coming from and how likely your home would fit their requirements.
If you are considering putting your home on the market or just wondering what the Kelowna market value is, please call Andrew 250-979-8066 for an honest answer. Andrew can go over the market details and recommend to you the best time to go on the market and what improvements will bring you the highest return Â on investment when you do decide to sell.