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International home shoppers are interested in Phoenix real estate

by Emily Marek

The Phoenix metro area makes up 1.9% of all international home searches for United States properties — and while that may not sound like a lot, it’s the ninth-highest rate of any metro area in the country, according to data from Realtor.com.

The median Phoenix-area home price viewed by those international shoppers during the third quarter of the year was $588,000, 8.8% higher than the typical home viewed by domestic shoppers.

Nationwide, the highest rate of internet traffic from international home shoppers was in Miami at 8.4%, followed by New York at 5.6%, Los Angeles at 4.8% and Orlando, Florida at 2.7%. On average, the homes they viewed were 29.8% more expensive than those of shoppers in the U.S.

Nearly one-third of those international shoppers were from Canada in Q3 — despite the fact that Canadian interest in U.S. real estate declined 4.4% year over year in the wake of Trump’s tariffs on Canadian goods.

Despite that decrease, Canadians still accounted for 61% of all international home searches in Phoenix last quarter.

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