How is buying in the North Okanagan? June Buyers Survey!

The results of OMREB's JUNE 2013 Buyers Survey are now in and posted.  A total of 267 respondents participated in this survey – representing 64% of the 416 OMREB sales representatives who acted as

JUNE SURVEY SUMMARY

Property Type:
23.7% of purchases were by Move-Up Buyers  (down from 24.5% in May) 
17.5% by First Time Buyers  (same as May)
17.1% moving from Single Family Home to Strata Unit  (up from 15.0%)*
8.6% buying Revenue/Investment Property  (up from 7.3%)*
5.1% buying Recreation Property  (down from 7.3%)
4.7% moving into Retirement Home/Seniors Community  (down from 5.8%)
4.3% moving from Strata property to Single Family Home  (same as May)

* During the month of June, there was an increase in owners downsizing from Single Family to Strata, and revenue property purchases by investors, while other categories saw a drop or remained the same as the previous month.

Buyer Type (Family Dynamic):
28.6% Empty Nester/Retired (up from 23.5% in May)**
27.8% Couple without Children (up from 24.4%)**
20.3% Two Parent Family/Children (down from 24.4%)
11.3% Single Female (down from 11.7%)
6.8% Single Male (down from 8.9%)
2.3% Single Parent with Children (up from 1.4%)**

** In June, there were more purchases by empty nesters/retirees, couples without children and single parents, while other categories saw decreases.

Moving From: 
58.8% from Within OMREB Board Area  (up from 55.5% in May)***
18.8 % from Alberta (down from 21.6%)
8.3% from Other Areas in BC  (up from 4.9%)***
7.5% from Lower Mainland/Vancouver Island  (same as May)
3.4% from Saskatchewan/Manitoba (down from 5.7%)
1.1% from Outside Canada  (down from 1.8%)
0.8% from Eastern Canada/Maritimes (down from 2.8%)
0.4% from NWT/Yukon (same as May)

*** Compared to May, there was more movement from within the Board area and other areas of BC, and less migration from elsewhere last month.

JUNE 2013 RESULTS & HIGHLIGHTS:   (Click on highlighted text for links)
* 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 Typeand Where From - during the past 34 months (since September 2010) to show trends.
* 2013 pie charts for six months - showing averages compiled for all five Survey categories
* 2012 and 2011 pie charts to compare.

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Blog Archives

Tags