The results of OMREB's JANUARY 2014 Buyers Survey are now in and posted! A total of 136 respondents participated in this survey – representing 53% of the 257 OMREB sales representatives who acted as Buyers Agents, and 37% of the 372 deals closed on behalf of Buyers in January.
JANUARY SURVEY SUMMARY
26.4% of purchases were by Move-Up Buyers (up from 25.4% in December) *
20.8% by First Time Buyers (up from 20.1%) *
14.4% moving from Single Family Home to Strata Unit (up from 11.9%) *
8.0% buying Recreation Property (up from 7.5%)
6.4% buying Revenue/Investment Property (down from 8.2%)
6.4% moving from Strata property to Single Family Home (up from 5.2%) *
4.0% moving into Retirement Home/Seniors Community (down from 4.5%)
* During the month of January, there was an increase in purchases by Move-up and First-time buyers, and those moving to single family homes from strata, and from single family to retirement communities.
Buyer Type (Family Dynamic):
23.7% Empty Nester/Retired (up from 16.4% in December) **
20.7% Two Parent Family/Children (down from 31.3%)
19.3% Couple without Children (down from 28.4%)
17.0% Single Female (up from 11.9%) **
14.1% Single Male (up from 9.7%) **
6.7% Single Parent with Children (up from 3.0%) **
** There were more purchases by empty nesters/retirees, singles, and single parents with children in January compared to the previous month.
60.3% from Within OMREB Board Area (down from 66.2% in December)
13.2% from Alberta (down from 14.0%)
11.0% from Other Areas in BC (up from 5.1%) ***
6.8% from Lower Mainland/Vancouver Island (up from 6.6%) ***
4.4% from Saskatchewan/Manitoba (up from 2.2%) ***
2.2% from Eastern Canada/Maritimes (down from 2.9%)
1.5% from Outside Canada (down from 2.9%)
0.7% from NWT/Yukon (up from 0%) ***
*** Compared to December, fewer buyers moved from within the Board area, Alberta, Eastern Canada and overseas last month, while purchasers from other areas increased.
JANUARY 2014 RESULTS & HIGHLIGHTS:
* Full summary of survey results with pie charts
* This month's highlights
* Who is Buying Homes in the Okanagan-Shuswap? hand-outfor February use (includes averages for 2010-2014)
REALTOR Link® Archive: Monthly Buyers Survey results, averages and highlights are posted and archived for easy reference and download on OMREB Statistics page on REALTOR Link®.