S & J Journal

Out of the four states where 51% of foreign buyers purchase homes - Florida, California, Texas and Arizona - Florida has the largest share at 26%. This data stems from a study conducted from June 2011 to June 2012. Read the complete report online at Florida Realtors’ website: Profile of International Home Buyers in Florida 2012. Excerpts from the report: • 82% of international sales were cash transactions. • The median price paid by international buyers was $194,700 compared to an overall Florida median price of $125,100 and a U.S. median price of $167,758. • Canadian buyers tended to buy in the lower price range; European and Latin American buyers bought at a higher price range. • Condos account for 45% of properties, townhouses 10% and detached single-family homes 36% .