Foreign Home Buyers Are Down in Number but Up in Value


The National Association of REALTORS is reporting that home sales to Foreigners is down in number but up in Value. Existing-home sales to foreign buyers accounted for approximately 8 percent of the total U.S. existing-home sales market of $1.3 trillion for the 12 months ending March 2015. The good news especially for a high-end luxury market such as Naples is that foreign buyers are an upscale group. Foreigners typically purchase homes above the average market price. On average foreign clients paid 95% more for homes compared to the overall U.S. average house sales price.


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