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Foreign Investors Buying Up America?

Posted By Wally Reule @ Jul 10th 2014 8:34pm In: Sedona Real Estate Market News

International buyers are helping to keep the housing recovery going. According to an article in CNNMoney two days ago, the two largest groups of foreign buyers are Canadians and Chinese. The Canadians are buying the most properties, but the Chinese are spending more money, with an average purchase price of $591,000. One of the main reasons that we joined the Sotheby's team is because of the international marketing platform that allows us to reach those buyers.

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