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Profile of International Home Buying in Miami 2011

Profile of International Home Buying in Miami 2011

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Published by narwebteam

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Published by: narwebteam on Jun 14, 2012
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2011 Survey of International Home Purchases in Greater MiamiConducted October 2011 by NAR Research forMIAMI Association of REALTORS®Summary of ResponsesLawrence Yun, Senior Vice PresidentKeunwon Chung, Statistical EconomistJed Smith, Managing Director, Quantitative Research
Introduction and Summary
Survey of Miami Realtors® Concerning International Clients
Survey Conducted During October 2011.
Questions Focused on Experiences During PastTwelve Months.
Received a Total of 726 Responses.
Analysis Indicates that International Sales Are
Important niche market for a number of Realtors®.
Are to a large degree based on referrals.
Are a growing market.
Result in transactions significantly above currentmedian prices.
83 Percent of Miami Realtors® Had Worked with an InternationalClient in the Previous Twelve Months
The comparable result for Florida Realtors® overall was 77%

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