Sep. 4, 2009
September 2, 2009
By Jed Smith, Managing Director, Quantitative Research
- According to NAR’s recently released 2009 Profile of International Home Buying Activity, foreign purchasers of U.S. real estate appeared to prefer single-family homes, accounting for 69.2 percent of purchases, followed by condominiums, 18 percent of purchases, and townhouses, 8.9 percent of purchases.
- The median price paid for homes was $247,100. Although higher than the median for all U.S. properties, the price compared favorably with the cost of homes in other countries: Canada--$205,800; U.K., $275,000; Mexico, $166,700; India, $322,200; China, $275,000.
Source: 2009 Profile of International Home Buying Activity