March 2013 Buyers Survey Results


 

 

The results of OMREB's MARCH 2013 Buyers Survey are posted! A total of 184 respondents participated in this survey – representing 55.9% of the 329 OMREB sales representatives who acted as Buyers Agents, and 39.8% of the 462 deals closed on behalf of Buyers in February.

MARCH SURVEY SUMMARY

Property Type:

24.6% of purchases were by Move-Up Buyers (up from 21.3% in February)*
16.2% by First Time Buyers (down from 19.7%)
10.6% moving from Single Family Home to Strata Unit (up from 7.1%)*
10.6% buying Revenue/Investment Property (down from 13.2%)
7.8% moving into Retirement Home/Seniors Community (up from 7.1%)*
7.3% purchasing Recreation Property (down from 12.6%)
6.1% moving from Strata property to Single Family Home (down from 6.3%)

* During the month of March, there was an increase in purchases by Move-up Buyers as well as owners of Strata units moving to Single Family homes, and Seniors moving into Retirement Communities.

Buyer Type (Family Dynamic):
27.5% Empty Nesters/Retired (up from 18.8% in February)**
25.8% Couple without Children (same as February)
23.1% Two Parent Family/Children (down from 30.5%)
12.6% Single Female (up from 10.9%)**
7.7% Single Male (similar to February)
2.2% Single Parent with Children (down from 3.1%)

** In March, there was an increase in purchases by Empty Nesters and Single Females, while other categories remained the same or saw decreases.

Moving From:
57.6% from Within OMREB Board Area (down from 68.2% in February)
17.9% from Alberta (up from 11.6%)***
10.3% from Other Areas in BC (up from 5.4%)***
8.7% from Lower Mainland/Vancouver Island (up from 5.4%)***
2.7% from Saskatchewan/Manitoba (down from 3.1%)
1.6% from Eastern Canada/Maritimes (down from 3.1%)
1.1% from Outside Canada (down from 3.16%)
0% from NWT/Yukon (same as February)

*** Compared to February, there was more movement from Alberta, other areas of BC, and the Lower Mainland/Vancouver Island.

MARCH 2013 RESULTS & HIGHLIGHTS:
* Full summary of survey results with pie charts
* This month's highlights
* Who is Buying Homes in the Okanagan-Shuswap? hand-out

2011-2013 PIE CHARTS – Plus 2010-2013 Averages:
* Compiled averages for the two main categories - Buyer Type and Where From - during the past 31 months (since September 2010) to show trends.
* 2013 pie charts for first quarter - showing averages compiled for all five Survey categories
* 2012 pie charts and 2011 pie charts to compare.

REALTORLink Archive: Monthly Buyers Survey results, averages and highlights are posted and archived for easy reference and download on OMREB's Statistics page on REALTORLink.

Carla Dahlen

Carla Dahlen

Personal Real Estate Corporation
CENTURY 21 Executives Realty Ltd.
Contact Me