Investor Presentaiton
International Buyers
Transactions Detail
International buyer purchases of Florida residential properties (i.e., single-
family homes, townhouses, condos, and co-ops) between August 2022 and
July 2023 declined 18% compared to the prior 12-month period, in terms of
sales counts. Pent-up demand may have burned off in 2022, resulting in a
stunted 2023. Challenges in the global economy continue to weigh on
buyers as sales levels have not yet returned to pre-pandemic norms.
While sales prices are higher, the decline in transactions have pulled
international buyer dollar volume back in line with 2021 levels at $12.6
billion. Dollar volume in 2023 was 18% less than last year's $15.3 billion.
Domestic demand for Florida homes remained strong, and international
buyers only had a 5% share of existing home purchases across the state. In
terms of dollar volume, international buyers spent 6% of this total since they
spend more than the typical Florida homebuyer. The trend in share of both
existing home sales and dollar volume has remained steady.
International buyers whose primary residence is in another country (Type A)
made up 65% of Florida's international buyers. This is in line with the past
two years with Type A representing 73% of Florida's international buyers in
2022 and 71% in 2021. The U.S. on whole has a smaller share of Type A
buyers purchasing real estate across the country. In 2023, it was 49%.
More Common in Florida for Buyers to Live Outside U.S.
Non-Resident Buyers (Type A) as a Share of All International Buyers
Sales Decline in 2023 As Buyers Face Market Headwinds...
Number of International Sales in Florida (Thousands)
52.0
36.4
33.9
22.5
23.7
19.5
2018
2019
2020
2021
2022
2023
...and Fewer Sales Means Less Dollar Volume
Dollar Volume of International Sales in Florida (Billions)
$22.9
$16.0
$15.6
$15.3
$12.3
$12.6
2018
2019
2020
2021
2022
2023
International Share of Homebuyers Holding Steady
International Buyer Share of Florida Existing Home Sales and Dollar Volume
Florida
65%
U.S.
49%
2023 Profile of International Residential Transactions in Florida
60%
50%
40%
30%
20%
10%
0%
2008
2009
2010
6%
-5%
2011
2012
2013
2014
2015
2016
2017
Florida Realtors®, all rights reserved.
2018
2019
2020
2021
2022
2023
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