WHERE DO THE BUYERS COME FROM?

The following report explain where our buyers come according to our Board.

The results of OMREB's JULY 2012 Buyers Survey are now posted! A total of 216 respondents participated in this survey – representing 54% of the 402 OMREB sales representatives who acted as Buyers Agents and 36% of the 603 deals closed on behalf of Buyers in July.

JULY SURVEY SUMMARY
Property Type:

22.8% of purchases were by Move-Up Buyers
19.9% by First Time Buyers
13.1% moving from Single Family Home to Strata Unit
10.7% buying Revenue/Investment Property (up from 6% in June)*
9.7% purchasing Recreation Property (up from 7.6% in June)*
4.4% moving from Strata property to Single Family Home
3.9% moving into Retirement Home/Seniors Community

* During the month of July there was a significant jump in sales to Buyers of Revenue/Investment Property (10.7% compared to 6%) and Recreation Property (9.7% compared to 7.6%) over June.

Buyer Type (Family Dynamic):
26.4% Two Parent Family/Children
24.5% Empty Nesters/Retired (up from 16.7% in June)**
19.9% Couple without Children
16.7% Single Female (up from 13.5% in June)**
10.2% Single Male
4.6% Single Parent with Children

** In July, there was a significant increase in purchases by Empty Nesters (24.5% compared to 16.7%) and Single Females (16.7% compared to 13.5%) over June.

Moving From:
47.2% from Within OMREB Board Area
19.4% from Alberta (up from 13% in June)***
13.4% from Lower Mainland/Vancouver Island
9.7% from Other Areas in BC
4.6% from Eastern Canada/Maritimes (up from 2.1% in June)***
2.3% from Saskatchewan/Manitoba
1.9% from Outside Canada
1.4% from NWT/Yukon (11th month reported – up from 0% in June)***

*** Compared to June, there was more migration from Alberta (19.4% of purchases compared to 13%), Eastern Canada and the Maritimes (4.6% compared to 2.1%), and from the North West Territories and Yukon (1.4% compared to 0%) during the current reporting month (July).

JULY 2012 RESULTS & HIGHLIGHTS: Click here for full summary of July survey results with pie charts and here for this month's highlights. Click here for “Who is Buying Homes in the Okanagan-Shuswap?” hand-out for July 2012.

2011 & 2012 PIE CHARTS - Averages: Click here for pie charts showing for averages compiled for all five Survey categories during the first six months of 2012 (first and second quarters), and here for 2011. Click here for averages for the two main categories - Buyer Type and Where From - compiled for the past 23 months (since September 2010).

Nancy Venditello

Nancy Venditello

Sales Representative
CENTURY 21 Executives Realty Ltd.
Contact Me

Blog Archives