Posted on Monday, March 26, 2012
Yesterday evening at a Naples dinner party with six couples I looked around the dinner table and found three of the couples were from Canada. Earlier in the day a gentleman came by our open house to review his offer on a seven figure property – he was also from Canada. In fact an estimated 19% of all Naples real estate buyers today are from Canada. Thank you Canada for making our real estate markets work – and for sending down such a great bunch of people.
So what’s going on here? Florida Realtor reported the state of Florida was the top ranked state for Canadian buyers last year. They go on to say “The strength of the Canadian dollar, sustained low pricing in the U.S. housing market, and perceptions regarding the general economic outlook continue to encourage Canadians to purchase a home in the Sunbelt states.”
What does this mean for buyers and sellers? Well if you are a seller you might consider going with a broker with a big international brand – one that international buyers will recognize. Remember in addition to Canada, Western Europe is also a strong Naples real estate buyer – get with a brokerage they recognize. And do not forget the internet thing. 83% (estimated) of all Naples buyers start their search on the internet so get with a brokerage with a massive online presence. Talk to us about marketing your property to international buyers.
Looking forward to another week of Naples Florida real estate!
No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
Mark Goebel, PA REALTOR Coldwell Banker 5th Avenue South Mobile: 239.595.3921 Email: firstname.lastname@example.org NaplesBestAddresses.com Facebook: NaplesBestAddresses Twitter @mcgoebel Naples Best Addresseses – Where The Best Address in Naples Real Estate Is Yours