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Profile of International Home Buying Activity 2013

by Kijner & Sons International Realty


Kijner & Sons International Realty
 is pleased to share with you the latest report from the National Association of Realtors® (NAR), entitled "2013 Profile of International Home Buying Activity". This report is based on a survey conducted annually since 2007 to measure the level of sales of U.S. residential real estate to foreign nationals. It provides information on international homebuyers and their preferences through data gathered from Realtors®. In this report, the terms "international" referes to both: 

> Type A: Foreigners with permanent residences outside the US and who purchase real estate properties for investments, vacations or visit purposes (they remain less than 6 months in the US)

> Type B: Clients who are recent immigrants (less than two years in the U.S.) or temporary visa holders and who reside for more than 6 months in the US for professional or educational purposes or other reasons

It is interesting to note that international sales accounted for $68.2 billion from March 2012 to March 2013, approximately a 6.3% of the total U.S. existing homes sales (EHS) market of $1.08 trillion for the same period. To most international buyers, the U.S. is seen as a desirable location, a secure and profitable investment with Florida being in the top four states in terms of number of buyers. Leading the way, Canadians and Chinese are the main international homebuyers of U.S. properties. 

To download and read the full NAR report, click here or on the image below.



Looking to invest in or move to the Greater Miami or Sarasota area in Florida? Contact KSI Realty at info@kijner.com

Sarasota real estate market: May 2013 Sales Hit New 8-Year High

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to announce that "[m]embers of the Sarasota Association of Realtors® sold 1,020 properties in May 2013, the second consecutive month that sales have hit four figures since June 2005 (...). There have now been only 11 months in SAR's 90-year history that sales have topped 1,000, with the other nine occuring in 2004 and 2005". 

A total of 737 single family homes and 283 condos with respective median sales prices of $220,000 - the highest since August 2008 - and $194,250 sold last month.

Pending sales rose to 1,157 while available inventory hit a new low at 3,297, a 16% drop since May 2012. Currently, only 333 properties listed for sale on the MLS are either short sales or foreclosures. 

According to SAR President, Roger Piro, "[m]any local real estate agents are reporting their busiest year ever, and the buyers seem to be everywhere. With the tight inventory, prices are heading up, so for those looking to buy properties in Sarasota, you shouldn't put off the purchase".

To read the full May 2013 SAR Report and get all the statistics, please click here

To learn more about real estate opportunities in the Sarasota area, contact Kijner & Sons International Realty at info@kijner.com.

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