International Buyers Love Florida - Top Spots in Daytona
We aren’t called World Famous for nothin’! Yes, our beautiful state of Florida, to include our globally-renowned coast here in the Daytona Beach area, is the overwhelming top destination for international real estate buyers in 2023. According to the National Association of Realtors, from April 2022 to March 2023, nearly one-quarter of all international real estate purchases were made in Florida. Florida held the top spot over California, Texas, North Carolina and Arizona, and it was by a wide margin.
Top Destinations for Foreign Buyers
- 1.Florida (23%)
- 2.California (12%)
- 3.Texas (12%)
- 4. North Carolina (4%)
- 5. Arizona (4%)
And while the study found that real estate sales to international buyers was down more than 14%, this was still less than the overall decrease in existing homes sales calculated at 17.8%. International buyers also achieved a record average sale price in 2023 of $639,900, while their overall presence in the real estate market accounted for 2.3% of all homes sales in the U.S. Buyers from other countries also used cash to purchase property in 42% of transactions. And interestingly, nearly 60% of these buyers purchased attached homes or townhome type properties.
We have helped customers from all around the world to find the perfect home or condo along our Central Florida coast. If you are an international buyer or seller looking for professional real estate assistance in Florida, please contact us today.