The National Association of Realtors (NAR) just revealed that AGAIN, Florida is the number one state for foreign buyers of real estate.
Between April 2016 and March 2017, foreign buyers purchased $153 billion of residential property, which is a 49% jump from the previous year.
The median sales price paid was $302,290; up from the previous year’s sales price of $277,380. 44% of these buyers were cash transactions.
Rounding out the top three states:
- Florida (22%)
- California (12%)
- Texas (12%)
What countries do these buyers come from?
- United Kingdom
Interestingly, in our local market, we see many buyers coming from Germany and Canada.
If you would like to discuss marketing YOUR home, please feel free to give me a call.