FEBRUARY SURVEY SUMMARY

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Property Type:

27.7% by First Time Buyers  (up from 20.8% in January)*

27.7% of purchases were by Move-Up Buyers (up from 26.4%) *

10.9% moving from Single Family Home to Strata Unit  (down from 14.4%)

6.7% buying Revenue/Investment Property  (up from 6.4%)*

5.9% buying Recreation Property  (down from 8.0%)

5.0% moving from Strata property to Single Family Home  (down from 6.4%)

3.4% moving into Retirement Home/Seniors Community  (down from 4.0%)


* During the month of February, there was an increase in purchases by Move-up and First-time buyers, and revenue property investors, while all other property types were down compared to the previous month.


Buyer Type (Family Dynamic):

31.7% Two Parent Family/Children (up from 20.7% in January)**

24.2% Couple without Children (up from 19.3%)**

17.5% Empty Nester/Retired (down from 23.7%)

14.2% Single Male (similar to January - 14.1%)

6.7% Single Female (down from 17.0%)

5.0% Single Parent with Children (down from 6.7%)


** There were more purchases by two parent families with children and couples without kids during February.


Moving From:

59.8% from Within OMREB Board Area  (down from 60.3% in January)

18.0% from Alberta (up from 13.2%)***

8.2% from Other Areas in BC  (down from 11.0%)

7.4% from Lower Mainland/Vancouver Island  (up from 6.8%)***

4.1% from Outside Canada  (up from 1.5%)***

1.6% from Eastern Canada/Maritimes (down from 2.2%)

0.8% from Saskatchewan/Manitoba (down from 4.4%)

0% from NWT/Yukon (down from 0.7%)


*** Compared to January, more buyers moved from within Alberta, the Lower Mainland/Vancouver Island, and outside Canada, while purchasers from other areas decreased in February.


FEBRUARY 2014 RESULTS & HIGHLIGHTS: (click on highlighted links to view)

* Full summary of survey results with pie charts

* This month's highlights

* Who is Buying Homes in the Okanagan-Shuswap? hand-out for March


2011-2013 PIE CHARTS:

Compiled averages to show trends:

* 2013 pie charts for the year (January through December) - showing averages compiled for all five Survey categories  (click on highlighted link)

* 2012 and 2011 pie charts to compare (available on REALTOR Link)


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

 

Best Regards,

 

Lisa Butler | Professional Real Estate Agent
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CENTURION® Producer 2013

 

CENTURY 21 Lifestyles
Box 869 364 Ross St. NE
Salmon Arm BC, V1E4N9
Cell: 250.804.7955 | Fax: 250.832.6062

When you want service call the Butler!

www.century21.ca/Lisa.Butler

www.LisaSells.ca




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Lisa Butler

Lisa Butler

REALTOR®
CENTURY 21 Executives Realty Ltd.
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