Home sales in the U.S. to international clients was a record $92 million for the period between April 2013 and March 2014. According to a June report by the National Association of Realtors® (NAR) the focus of these buyers is on high-end homes in Florida, California, Texas and Arizona.
An overwhelming 54% of buyers came from only five countries, namely China, Canada, Mexico, India, and the United Kingdom. China and Canada hold the top two positions in foreign investment with China’s focus on New York, California and Washington, while Canadian buyers target the warmer regions of Florida, Arizona and California.
The NAR report cites the following as the top reasons that foreign buyers purchase homes in this country; a place to live for those relocating to the U.S., for a job or for children going to college, for investment and portfolio diversification, and for vacation purposes. Whatever the reason, this is great news for high-end home owners in North Scottsdale and Arizona.
In Arizona, Canadians hold the top position by a long-shot, and most of them are purchasing homes to enjoy during the winter months.
Reaching international buyers can be a challenge, but Don and Jenny Matheson have strategically positioned themselves as leaders in the industry with the RE/MAX brand that has a presence in more than 85 countries. Having moved to Arizona from Canada in 1995, Don and Jenny have strong Canadian connections, which serve them well when it comes to marketing their Scottsdale area listings.
Contact us today if you are interested in buying or selling a home in the Scottsdale area.
Realtor | Founder
The Matheson Team – RE/MAX Fine Properties
21000 N. Pima Rd., #100, Scottsdale, AZ 85255
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