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
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