Highlights of the recently released report include:
- Foreign buyers purchased $121.0 billion of residential property from April 2017—March 2018, a decrease from $153 billion during the previous 12-month period (April 2016—March 2017).
- The average price of properties purchased by the mix of foreign buyers was $454,400, a decrease from $536,900 during the previous period.
- Foreign buyers continued to purchase properties at the higher price point compared with all existing home buyers: among existing home buyers, the average price was $290,600 and the median price was $249,300.
- The major foreign buyers were China ($30.4B), Canada ($10.5B), the United Kingdom ($7.3B), India ($7.2B), and Mexico ($4.2B).
