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2104 Home Buyer Report

Blog by Steven Bergg and Allen Epp | April 23rd, 2014

Where Okanagan Home Buyers Originate From

January - March 2014

Studying buyer’s behavior and buying trends is just one of the many things RE/MAX® Sales Associates do to ensure that they maximize the exposure of our seller client’s property. Knowing where our buyer’s hail from is important as it assists us in deciding where to advertise to capture these buyers.RE/MAX Kelowna markets directly to our past clients and customers as the bulk of our business comes from repeat clients.RE/MAX Kelowna belongs to one of the largest real estate referral networks in the world! Buyers are referred directly to our office from other RE/MAX offices!
Where Kelowna home buyers originate from, first quarter 2014

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 Kelowna home buyers purchased, first quarter 2014

Family Dynamic

January - March 2014 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 Kelowna home buyers, first quarter 2014

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 Kelowna home buyers financed their purchase, first quarter 2014

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 Kelowna home buyers purchased, first quarter 2014