December & Year End Buyers Survey Results

 

   

The results of OMREB's DECEMBER 2012 Buyers Survey are in! A total of 100 respondents participated in this survey – representing 50% of the 201 OMREB sales representatives who acted as Buyers Agents, and 39% of the 258 deals closed on behalf of Buyers in December.

DECEMBER SURVEY SUMMARY

Property Type:
29.9% of purchases were by Move-Up Buyers
17.5% by First Time Buyers
11.3% purchasing Recreation Property
(up from 9.1%)
9.3 % buying Revenue/Investment Property
5.2% moving from Single Family Home to Strata Unit
(down from 10.4%)
4.1% moving from Strata property to Single Family Home
3.1% moving into Retirement Home/Seniors Community

NOTE: During the month of December, there was an increase in the sales of Recreation Properties, and a decrease in Single Family Homeowners moving to Strata Units compared to November– as noted above. Other categories remained at similar levels to the previous month.

Buyer Type (Family Dynamic):
29.0% Two Parent Family/Children
(up from 27.1%)
21.0% Empty Nesters/Retired
(up from 19.4%)
20.0% Couple without Children
(down from 27.1%)
15.0% Single Female
(up from 10.0%)
13.0% Single Male
(up from 8.8%)
4.0% Single Parent with Children
(down from 5.3%)

NOTE: In December, there was an increase in purchases by Two Parent Families with Children, Empty Nesters, Single Females and Single Males compared to November – as noted above, while other categories saw decreases.

Moving From:
68.7% from Within OMREB Board Area
(up from 57.6%)
9.0% from Alberta
(down from 11.6%)
7.1% from Lower Mainland/Vancouver Island
(down from 10.5%)
4.0% from Other Areas in BC
(down from 9.3%)
4.0% from Eastern Canada/Maritimes
(up from 2.9%)
3.0% from Outside Canada
2.0% from Saskatchewan/Manitoba (
down from 4.1% in November)
2.0% from NWT/Yukon
(up from 0.6% in November -- 15th month reported)

NOTE: Compared to November, there was less migration from Alberta, the Lower Mainland/Vancouver Island, other parts of BC, and Saskatchewan/Manitoba in November, but more movement from within the Board area, Eastern Canada/Maritimes, and NWT/Yukon -- as noted above.

DECEMBER 2012 RESULTS & HIGHLIGHTS: Click here for full summary of survey with pie charts, here for highlights for this month, and here for the “Who is Buying Homes in the Okanagan-Shuswap?” hand-out for January 2013.

2012 PIE CHARTS - Year-End Averages: Click here for pie charts showing averages compiled for all five Survey categories during 2012 (4 quarters – year-end), and here for 2011 to compare. Click here to view averages for the two main categories - Buyer Type and Where From - compiled for the past 28 months (since September 2010) to show trends.

REALTORLink Archive: Monthly Buyers Survey results, averages and highlights are posted and archived for easy reference (and download) on OMREB's Statistics page on REALTORLink.

The Dent Team

The Dent Team

Sales Representative
CENTURY 21 Executives Realty Ltd.
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