Foreign Home Buyers Are Down in Number but Up in Value

07/2/15

 
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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