Apparently there has been a slight fall in purchase of U.S. real estate properties from aboard with the major foreign country here being China were the drop is of about 5%. While foreign buyers are still of small ratio compared to local buyers, there main focus is in the high end of the American market and are also likely to pay more than the asking price. This has pressured the local buyer to pay more down payments. Strengthening dollar is attributed to this result as well as political tensions, particularly worth noting is the American and Canadian trade negotiations as well as Mexican and American border issues. California is considered as a favorite destination for real estate investment amongst people from China. Canadian buyers primarily buy vacation and retirement related properties especially in Florida, Nevada and Arizona. Experts however believe that this is for short term period as the real estate market is expected to continue the boom up to the year 2020.
To watch and wait or to invest now
Before jumping to any conclusion always note that real estate is always a hefty but beneficial investment when it comes to considering the long term. Land property is one of the best fixed property assets to have in the world and U.S. real estate market is as inviting as ever as of 2018. Below is an estimated report for the real estate market conditions around top 5 places in U.S.
Mission bay in San Francisco has seen about 16 real estate properties which are active with average price increase of 99.7%, average price being $ 1,264,380
Campbell in Silicon Valley has seen about 80 real estate properties which are active with average price increase of 99.3%, average price being $ 1,664,510
Northstar in Lake Tahoe has seen about 16 real estate properties which are active with average price increase of 95.1%, average price being $ 1,264,110
Kenwood in Sonoma Valley has seen about 16 real estate properties which are active with average price increase of 100.2%, average price being $ 1,800,180
Tiburon in Marin County has seen about 105 real estate properties which are active with average price increase of 98.7%, average price being $ 3,765,230
Our agents will always be ready with current real estate report to help you for your U.S. real estate property investment.
