Who is Buying Real Estate In Vernon BC?

Are you curious who bought that house on your street that was for sale? Maybe you want to know why homes are selling again so quickly? Below is a survey of new home buyers for our area of the Okanagan for the month of July 2012...........keep checking back here to my blog page for my update each time a new survey is published!

 JULY SURVEY SUMMARY

Property Type:

23% of purchases were by Move-Up Buyers

20% by First Time Buyers

13% moving from Single Family Home to Strata Unit  - 4% moving from Strata property to Single Family Home!

11% buying Investment Property (up from 6% in June)*

10% purchasing Recreation Property (up from 8% in June)*

4% moving into Retirement Home/Seniors Community

Buyer Type (Family Dynamic):

26% Two Parent Family/Children

25% Empty Nesters/Retired

20% Couple without Children

17% Single Female

10% Single Male

5% Single Parent with Children

Moving From:

47% from Within our area

19% from Alberta

13% from Lower Mainland/Vancouver Island

10% from Other Areas in BC

5% from Eastern Canada/Maritimes

2% from Saskatchewan/Manitoba

2% from OutsideCanada

1% from NWT/Yukon

 Well that's the breakdown folks! It looks like people are still staying in the area and who wouldn't? The Okanagan is a beautiful part of the world! Just ask all those people who were vacationing here this summer! We are the lucky ones, we live here all year!   ....'till next time

warmly,

 

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