Whittier, CA

 

Did you know that the United States just reached a record number of residential properties sold to International Buyers. In addition, they also set a record high with the amounts they are paying for these properties. According to current National Association of Realtors statistics, the average price paid was $598,200 with a median price of $366,100. Of these record high sales and prices , would you believe that 44% of these purchases were done without any financing. That's right, ALL CASH! In addition, 46% of these properties were vacation homes, rentals and in some cases both! I'm sure you're wondering which counties are doing the most buying?? Here are the Top 5 countries who are doing the most buying starting with number 5...Brazil with $1.6 Billion spent. Coming in at number 4....Mexico with $2.9 Billion spent. Next at number 3 is....India with $3.6 Billion spent. With the number 2 spot....Canada with $5.5 Billion spent. And the country with the most money spent on buying residential property is......China (no surprise) with $6.1 Billion. You're also probably asking yourself, Where did they spend the majority of this money? In other words, where did they buy the most?? The Top 5 places with the most International purchases might surprise you... Starting our list at number 5 is........New York which had 4% purchased. At number 4 is.....Arizona with 7% purchased. Next up at number 3 is....Texas with 8% purchased. Coming in at number 2 is.....California (bet you thought this was #1) at 11% purchased. Finally at number 1 with a WHOPPING 24% market purchase was......the Sunshine State, Florida.