August Buyer Survey Results Are In!
Posted by kelownarealestatepros on September 23, 2011 | No Comments
August again shows the main buyers being first timers followed by move up buyers. First time buyers tend to enter the market when interest rates are extremely low and the market is balanced. As pricing in the Okanagan has fallen back in line with true home values it is to no surprise that we are seeing first timers dominating the buyer’s market. First time buyers tend to buy lower price categories and smaller home types like townhomes, condos or smaller single family homes. When this happens the sellers are then able to move up in home size which creates the surge in....
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