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International Real Estate Shoppers Bought $82 Billion Worth of Residential Property in 2010

In terms of international real estate sales, California used to be at the forefront of the market in 2007 and 2008; but in 2009 it was Florida that took the lead – and still has it. Almost one-third of international real estate bought in the U.S. in 2011 was in Florida. 30% of those deals took place in the Miami/Miami Beach/Fort Lauderdale market according to the National Association of Realtors. Residential inventory in Miami-Dade County fell from 25,769 in August 2010 to 15,405 in August 2011: in Coral Gables it fell from 746 to 506, respectively. The top five international buyer markets are Venezuela, Brazil, Argentina, Canada and Colombia. Condominiums continue to be the international shopper’s residence of choice accounting for more than 70% of purchases (August 2011).








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