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2013 Home Buyer's Report

Blog by Steven Bergg and Allen Epp | January 28th, 2014

Where Okanagan Home Buyers Originate From

January - December 2013

Studying buyer’s behavior and buying trends is just one of the manythings RE/MAX® Sales Associates do to ensure that they maximize theexposure of our seller client’s property. Knowing where our buyer’s hailfrom is important as it assists us in deciding where to advertise to capturethese buyers.RE/MAX Kelowna markets directly to our past clients and customers asthe bulk of our business comes from repeat clients.RE/MAX Kelowna belongs to one of the largest real estate referralnetworks in the world! Buyers are referred directly to our officefrom other RE/MAX offices!
Where Okanagan home buyers originated from in 2013

What Are They Buying?

Understanding what type of property appeals to our buyer pool and the amount of inventory of that particular type of property assists us in determining pricing and expected days on market.
What property type Okanagan home buyers bought in 2013

Family Dynamic

January - December 2013 Studying the composition of the family dynamic of our buyers is an integral piece to the puzzle of understanding buyer’s behavior and their future housing needs.
Family dynamic of Okanagan home buyers in 2013

How They Financed Their Purchase

The Canadian banking industry has been lauded recently for their strict banking policies which allowed them to hold their own during our most recent economic downturn. Lenders continue to introduce more stringent lending policies. RE/MAX Sales Associates continue to monitor these changes to ensure that our buyers have viable financing options.
How Okanagan home buyers financed their purchase

Where Buyers Purchased

Understanding where Buyers wish to buy and how many sales occur annually and monthly in any given area is just one of the many statistics that prudent RE/MAX Kelowna Sales Associates analyze.
Where home buyers purchased in the Okanagan in 2013