Wonder where the buyer's and seller's are coming from? What is going on in Vernon, Kelowna and Shuswap areas?
Stats for September
27.6% of purchases were by move-up buyers (maintaining - 26.6% in August)
21.2% by First Time Buyers (up from August)
15.4% purchasing Recreation Property (maintaining - 15.3% in August)
10.3% moving from Single Family Home to Strata unit (up from August) 7.1% buying Revenue/Investment Property
3.2% moving into Retirement Home/seniors community 2.6% moving from Strata
*During the month of September, there was a noticeable jump in sales to First Time buyers & to Purchasers of Strata Units.
50.9% from within Okanagan Board 21.4% from Alberta (up from August)
10.7% from Lower Mainland/Vancouver (up from August) 6.9% from other areas in BC (up from August)
6.3% from Sask/Man (up from August) 1.9% from outside Canada
compared to August, there was more migration from Alberta, the Lower Mainland/Vancouver Island, other areas of BC & Sask/Manitoba