Percentage of International Buyers by State

By
Real Estate Agent with TOUCHSTONE REAL ESTATE

Since 2009 the National Association of REALTORS® has been tracking international buyers by country and the state they are buying.  The report released is based on from April 2021 until March 2022 and details country the buyers are from and where they are buying.  Reading the report I was surprised by a few facts and wasn’t with a few.

I was expecting a different country being number one but it turns out Canada leads by almost twice with 11% the second-place country Mexico with 8%.  Rounding out the top 5 was China with 6%, India 5%, Brazil 3% and Columbia 3%.  Before you think our country is being sold out to foreign investors the total of foreign investors equals 2.6% of the total residential home sales.

Now being a Florida REALTOR® the next fact from the report was important to me.  Florida leads the way with 24% and second place is California with 11% followed by Texas with 8%, Arizona with 7%, New York and North Carolina ties with 4%.

Looks like I need to brush up on my Canadian facts, geography and language, hey!  Thanks to my background when I ask folks where are they from I normally can say I have been there or very close by, Canada I have 5 of the 10 provinces cover but only a few of the bigger cities.

Dick Betts, REALTOR®

The Betts Team

Touchstone Real Estate

The Villages, Florida

717-860-3107 cell

Dick@DickBetts.com

 

Comments (18)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Dick, After the downturn of the real estate market in 2008, many schemes were devised to get money out of China and many of those schemes focused on Florida real estate. Enjoy your day.

Nov 26, 2022 04:47 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Wayne Martin many MLS's and Realtor associations are working internationally to bring in buyers, some of the biggest one host events around the world.  

Nov 26, 2022 05:01 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

 Great information.  Thanks for sharing, enjoy your weekend, and here's a GOOD LUCK to your favorite COLLEGE or NFL Team!

Nov 26, 2022 05:23 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Dick... I find these numbers interesting. When I was a real estate broker in NY City a very big percentage of my sales were to international clients. I've had only a handful in Charlotte... and yet the numbers say there are more in North Carolina than in NY.

Nov 26, 2022 05:37 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Thanks Bill Salvatore - East Valley great college football this weekend, Michigan vs Ohio State should be good, I don't have a dog in that hunt so sit back and enjoy!

Nov 26, 2022 05:45 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Nina Hollander, Broker I caught a typo when it was too late, NY and NC are tied buy still I was surprised when I read that.  You made me wonder more about NC so I found this:  In total, North Carolina attracted 4% of all foreign buyers. Thirty-eight percent of North Carolina’s foreign buyers were from Asia, and 25% were from Latin America/Caribbean

Nov 26, 2022 05:49 AM
Nina Hollander, Broker

Dick Betts hi Dick... I'm not surprised by the origins of NC's foreign buyers. Will need to do some reading on this topic.

Nov 26, 2022 06:06 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

This is fascinating to read - I wonder where our buyers in the DC metro area are coming from. 

Nov 26, 2022 05:59 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Lise Howe you made me curious here is what I quickly found: D.C. is an international city, but it doesn’t rank very high for international buyers.

“The diplomatic core is renting. D.C. has a large transient population. People come in, and work for two years before being reassigned elsewhere. So it may be more related to renting rather than purchasing,” Yun said.

Virginia is in the top 10 for buyers from Mexico. Virginia and Maryland are both in the top five for buyers from Colombia. Virginia also ranks No. 10 among states for total foreign-buyer purchases

Nov 26, 2022 06:12 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Dick Betts - thanks for the additional research - we don't get a lot of international buyers here - you would think people would like to come to DC - we have good schools etc - but buyers seem to prefer FLA, CA, NY and apparently NC! 

Nov 26, 2022 06:18 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Lise Howe agree with you I love DC and look forward to my trips to your great city! For years (16 or 17) I attended NAR midyear at the Wardman, now they moved it to National Harbor it doesn't feel the same!

Nov 26, 2022 06:31 AM
Roy Kelley
Retired - Gaithersburg, MD

This is an interesting report to share.

We have have buyers from many nations in our market.

Nov 26, 2022 06:53 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Dick,

A very interesting report. We've had so many China investors over the last 10 years who have been buying land in Texas. Also many buyers from India so was surprised at the report numbers.

Nov 26, 2022 06:56 AM
Sham Reddy CRS
Howard Hanna RE Services, Dayton, OH - Dayton, OH
CRS

Thanks Dick for sharing great information!!!

Canada leads by almost twice with 11% the second-place country Mexico with 8%.  Rounding out the top 5 was China with 6%, India 5%, Brazil 3% and Columbia 3%.  Before you think our country is being sold out to foreign investors the total of foreign investors equals 2.6% of the total residential home sales.

Nov 26, 2022 07:41 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Dorie Dillard Austin TX I like reading NAR reports, this one of course hit home.  I don't think we look at Canadians as foreign at least here in The Villages.  I think half of our snowbirds are Canadian!

Nov 26, 2022 08:03 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Roy Kelley I'm sure the DC metro area has a melting pot of countries!

Nov 26, 2022 08:04 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Sham Reddy CRS It was a good read, I recommend reading most of NAR reports!

Nov 26, 2022 08:05 AM
Emily Medvec
eXp Realty LLC - Santa Fe, NM
Broker | Realtor | Serving Santa Fe & Northern NM

Now I am curious about our Santa Fe NM market. Thank you for this heads up!

Nov 26, 2022 08:06 AM
Dick Betts
TOUCHSTONE REAL ESTATE - The Villages, FL
REALTOR® The Villages, Florida

Emily Medvec read the comments from above many folks are now looking locally!  Google it, I did!

Nov 26, 2022 08:52 AM