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Who’s Buying Homes in Kelowna? December 2015 Stats


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Blog by Marika Wolf | February 3rd, 2016


In case you missed the stats, here is the December buying survey for the Okanagan.

Property Type:

23.9% by Move-Up Buyers (up from 22.1% in November)

18.4% by Buyers Downsizing (up from 17.4%)

17.4% by First Time Buyers (no change from 17.4%)

15.4% buying Revenue/Investment Property (up from 12.2%)

12.9% moving from Single Family Home to Strata Unit (up from 12.7%)

6.0% moving from Strata Property to Single Family Home (up from 1.9%)

3.5% buying Recreation Property (down from 7%)

2.0% moving into Retirement Home/Seniors Community (down from 3.8%)

Buyer Type (Family Dynamic):

27.1% Two Parent Family/Children (up from 21.2% in November)

26.1% Empty Nester/Retired (up from 24%)

22.7% Couple without Children (down from 26.7%)

10.8% Single Female (down from 12.9%)

10.3% Single Male (down from 10.6%)

2.5% Single Parent with Children (down from 4.1%)

Moving From:

58.3% from Within OMREB Board Area (up from 52.1% in November)

13.2% from Alberta (up from 12.3%)

10.8% from Lower Mainland/Vancouver Island (down from 11.9%)

8.8% from Other Areas in BC (down from 11.4%)

4.4% from Outside Canada (up from 2.7%)

2.9% from Eastern Canada/Maritimes (down from 4.1%)

1.0% from Saskatchewan/Manitoba (down from 4.6%)

0.5% from NWT/Yukon (down from 0.9%)

Happy Selling!