A growing number of international home shoppers are attracted to residential properties in the United States, according to a survey performed by the National Association of Realtors entitled the 2010 Profile of International Home Buying Activity which covers the one-year period between April 1, 2009, and March 31, 2010. Some interesting statistics revealed were: International buyers came from 53 different countries; top four were Canada, Mexico, U.K. and China. 66% purchased single-family detached homes. 16% of total purchases were for homes priced at more than $500,000. Median price paid by international buyers was $219,400. It is possible that the perception of foreigners is that real estate in the United States is becoming more affordable making it a great time to buy. The majority of international buyers were reported in Florida, California, Arizona and Texas. These four states account for 53% of purchases and have remained the top destinations for the past three years, with Florida and California remaining the top two destinations. Florida typically attracts European, Canadian and South American buyers. Only 44% of international buyers used a mortgage to pay for their home, compared to 92% of domestic buyers. Visit www.slesnick.net to see homes for sale.
The Market in Coral Gables on the move... +As of August 2019 there were 383 single family homes on the market for sale. The average LIST price was $3,173,000 The average SOLD price was $1,208,000 The MEDIAN sold price was $901,000 +There are 122 homes out of 383 homes that are priced under $1,000,000, or 32% of the total +There are 261 homes priced over $1,000,000 in the Gables which is 68% of the Total. + Over the past year there were 446 homes sold in the Gables ( 241 were under $1.0M or 54%) and ( 205 were priced over $1,000,000 or 46%) +The average time a listing is on the market is 63 days. + The average price per square foot is up this year about 3.6%, May-July 2018 to May-July 2019. I think this is due to the sale of many homes that are updated and ready to go. They have been setting records.
Comments