Below is a recently released Buyers Agents survey by OMREB (Okanagan Mainline Real Estate Board).  A total of 119 real estate agents participated in this survey – representing 58% of the 207 OMREB sales representatives who acted as Buyers Agents and 40% of the 297 deals closed on behalf of Buyers in January.

JANUARY SURVEY SUMMARY

Property Type:

23.6% by First Time Buyers

16.7% of purchases were by Move-Up Buyers

16.7% buying Revenue/Investment Property

6.1% moving from Single Family Home to Strata Unit

4.4% moving into Retirement Home/Seniors Community

4.4% Recreation Property Buyers

4.4% moving from Strata property to Single Family Home

Buyer Type (Family Dynamic):

28.6% Two parent family/children

23.5% Couple without children

14.3% Empty Nesters/Retired

13.4% Single Female

13.4% Single Male

4.2% Single Parent with children

Moving From:

64.7% from Within OMREB Board Area

10.9% from Alberta

10.9% from Lower Mainland/Vancouver Island

10.1% from Other Areas in BC

1.7% from Saskatchewan/Manitoba

0.8% from Eastern Canada/Maritimes

0.8% from Outside Canada

0% from NWT/Yukon (fourth month reported)

JANUARY RESULTS & HIGHLIGHTS: Click here for full summary of survey with pie charts and here for highlights.

 2011 HIGHIGHTS & AVERAGES: Click here for highlight comparisons and here for a pie chart re: Where Buyers Are From during the past year.

Sincerely,

Jason Neumann