Florida Had the Highest Amount of All-cash Real Estate Transactions in June 2014
Scott Pearson - Gulf Coast International Properties - Port Royal - Naples, FLJust over 50% of the Florida real estate transactions in June 2014 were paid in cash according to CoreLogic, an analytics company out of California.
The Naples area, specifically, in the early part of 2014 had about 75% of all transactions paid in cash and even more so for luxury real estate.
A few other notable areas for all-cash transactions were Alabama with 48%, New York with 44.6%, and Nevada with 40%.
A few other notable areas for all-cash transactions were Alabama with 48%, New York with 44.6%, and Nevada with 40%.
Nationally all-cash purchases were 33% which is down from 2008 but still higher than the historic highs we had before the financial meltdown of around 25%.
The lowest amount of all-cash transactions nationally was in Washington DC where there were only 15%.
Scott Pearson GRI, CRS