April’s Buyer Survey Results are in!
Posted by paige on May 21, 2011 | No Comments
If the April statistics showing buyer profiles are any indication, the Kelowna real estate market should be in recovery mode over the summer.
A full 33% of home buyers were “move up” buyers. This will hopefully give a boost to the $600-$800,000 price range that I was talking about yesterday. Also 33% was the type of buyer who bought in April - 2 parent families with children. That makes sense! Another stat that’s going to breath some life into the Kelowna real estate market is the growing number of those coming from other areas. 49% came from across Canada somewhere and of those 21% were from Alberta. Suggesting responsible and healthy financial situations for our home buyers is the fact that 34% were cash buyers and 54% paid with conventional financing with more than 20% down. Those are sure healthy stats - Bring it on! If your thinking of buying, call me on my direct line at 250-862-6464. Want to check out some great listings? Click here.
Talk to you soon…
Paige
