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Investor Presentaiton

International Buyer Purchase Prices Florida's median sale price declined slightly 2023 but remains elevated relative to pre-pandemic years. The median sale price among Florida international buyers was $416,000 in 2023, decreasing $41,000 from 2022's median price of $457,000. This is still $68,700 more than the median sale price in 2021. The median price among international buyers was 9% more than the median of all properties Florida between August 2022 and July 2023, which is significantly smaller more than the 22% spread from the prior year. The distribution of international buyer purchase prices has shifted somewhat over the past year. The largest share of purchases were in the $250K-$500K range, rising to 41% from 2022's 37%. The range with the largest decline in 2023 was the $500K-$750K price bracket, with a share of 16% compared to 22% in 2022. Florida's International Buyers Typically Spend More Median Price for Florida Existing Home Sales vs. International Buyer Sales $600K $500K $400K $300K $200K $100K $OK $416K $383K 2018 2019 2020 2021 2022 2023 Among buyers from the five countries with the most purchases, Brazilians typically purchased the most expensive properties. The reason for their higher price point of $489,519 was a combination of a preference for detached single-family homes and their focus in more expensive metros such as the Miami- Fort Lauderdale-West Palm Beach MSA. Argentine buyers also flocked to South Florida, but tended to purchase condominiums, which generally have lower prices than their detached counterparts. The median purchase price for Argentine buyers was $318,470 in 2023. Mild Pullback in $500K-$750K Price Bracket Price Distribution of International Buyer Purchases 2022 2023 Brazil & UK Buyers Purchase More Expensive Properties Median Purchase Price Among Florida's Top 5 International Buyer Countries Brazil Up to $150,000 $489,519 8% $150,001 to $250,000 13% United Kingdom $489,400 $250,001 to $500,000 41% Florida International Buyers $416,000 $500,001 to $750,000 16% Canada $413,200 $750,001 to $1M 9% Florida Existing Home Sales $383,000 $1M to $3M 10% Colombia $359,437 Over $3M 3% Argentina $318,470 0% 10% 20% 30% 40% 2023 Profile of International Residential Transactions in Florida © Florida Realtors®, all rights reserved. 13
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