Logo1
Markus Hartwich
Prime Real Estate in Southwest Florida
Markus
Cape Coral | Fort Myers | Fort Myers Beach | Estero | Bonita Springs | Naples | Sanibel Island | Captiva Island

Profile of International Residential Real Estate Activity in Florida

 

Profile International Buyers 2019Since 2005, the National Association of REALTORS® Research Group has conducted an annual survey for Florida REALTORS® to assess international investment trends in U.S. residential real estate, including sales volume, characteristics of foreign buyers, as well as challenges and opportunities inherent in cross border transactions (click on the picture for the report).

 

The 2019 Profile of International Residential Real Estate Activity in Florida presents information from Florida REALTORS ® members regarding residential transactions with international clients closed.

 

$16 Billion

Dollar volume of Florida’s existing homes purchased by foreign buyers during August 2018-July 2019, which is 12% of the dollar volume of Florida’s existing home sales (30% decrease from $22.9 billion during the prior 12 month period)

36,400
Number of existing homes purchased in Florida by foreign buyers, which is 9% of existing home sales (30% decrease from 52,000 during the prior 12 month period)

71%
Share of foreign buyers whose primary residence is abroad (Type A)

Florida’s Top 5 Foreign Buyers
Canada ($3.3 B)
Brazil ($1.6 B)
Argentina ($1.3 B)
Venezuela ($0.9 B)
Colombia ($0.8 B)

Top 5 Foreign Buyer Destinations
Miami-Ft.-Lauderdale-West Palm Beach (53% of foreign buyers)
Orlando-Kissimmee-Sanford (11%)
Tampa-St. Petersburg-Clearwater (7%)
Cape Coral-Ft. Myers (6%)
North Port-Sarasota-Bradenton (5%)

$288,600
Foreign buyer median purchase price ($246,479 for all Florida existing--homes sold)

67%
Foreign buyers who paid all--cash

70%
Foreign buyers who intended to use the property for vacation, residential rental, or both uses

43%
Foreign buyers who purchased condo or co--op units

94%
Percent of foreign buyers who visited Florida at least once before making a purchase

37%
Percent of respondents who speak a language other than English