Kelowna -There's No Such Thing as a Normal" Family Anymore

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

Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
1-1890 Cooper Rd, Kelowna, BC V1Y 8B7
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01
Cal for more information or view here Kelowna new homes for sale