Taunya Fagan Bozeman Real Estate Blog: SW Montana Homes: MLS Listings

International Home Buyer Stats

The National Association of Realtors (NAR) reports in the period May 2007 to May 2008:

  • Between 150,000 and 190,000 homes were sold to foreign nationals.
  • Typical international buyers bought a single-family vacation home for $297,400.
  • Forty percent paid with cash. Concomitantly, only 7 percent of Americans paid with cash.
  • The typical international home owner visited the purchased U.S. property for 2.6 months each year.
  • Recent foreign buyers bought real estate in all 50 states and the District of Columbia.
  • The most popular states to buy in were Florida, California, and Texas, with Arizona, New York, Washington, and Nevada the next most popular.
  • International buyers generally buy more expensive properties than their U.S. counterparts.
  • International buyers on average purchase real estate that is 36% more expensive than the U.S. buyer purchases.
  • More than 14% of properties international buyers bought were above $750,000.
  • The top five countries for foreign home buyers, were Canada, the United Kingdom, Mexico, China, and India.

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2 commentsTaunya Fagan • September 12 2008 04:45PM
International Home Buyer Stats
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The National Association of Realtors (NAR) reports in the period May 2007 to May 2008: Between 150, 000 and 190, 000 homes were sold to foreign nationals. Typical international buyers bought a single-family vacation home for $297, 400… more