MAY 2012 STATS IN THE OKANAGAN REAL ESTATE MARKET

MAY SURVEY SUMMARY

INTERESTING STATS

25.5% of purchases were by move up buyers

20.9% by first time buyers

12.3% moving from single family home to strata unit

11.4% purchasing recreation property (up from 4.8% in April)

7.7% buying revenue/investment property

4.1% moving from strata property to single family home

2.7% moving into retirement home/seniors community

BUYER TYPE (FAMILY DYNAMIC):

28.7% two parent family/children

24.2% empty nesters/retired (up from 16.8% in April)

23.7% couple without children

11.2% single female

9.4% single male

3.1% single parent with children

INTERESTING TO NOTE THE RELATIVE "BALANCE" THIS MONTH BETWEEN TWO-PARENT FAMILIES, COUPLES WITHOUT CHILDREN, AND EMPTY NESTERS/RETIREES -- DUE TO A RISE IN PURCHASE BY THE LATTER GROUP.

Nancy Venditello

Nancy Venditello

Sales Representative
CENTURY 21 Executives Realty Ltd.
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