International Demand for Golden State Homes Remains Strong


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1 In 6 California homebuyers hails from overseas

International homebuyer activity across the Golden State “continued its momentum” last year, says the California Association of Realtors, with China being the dominant country of buyer origin.

According to CAR’s 2014 International Home Buyers Survey, 14 percent of real estate professionals polled reported closing a deal with an overseas client last year, unchanged from 2013. Buyers from China accounted for 36 percent of international transactions in the state, nearly identical to the preceding year and more than triple the amount of buyers from Canada, who accounted for 11 percent of closed sales.

A trend: International buyers pay cash, hang on to their property

Two-thirds of international buyers paid all cash, and CAR notes that those from China particularly favored this strategy. Buyers from overseas say they plan to keep their properties for a median seven years, two years longer than in 2013.

Contact Keith Katzman: 925.376.7776

Looking for a home in the Lamorinda community? Contact Keith Katzman–a Moraga native with more than 30 years of industry experience.

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