From $99,999 to $1-million plus: Here’s what Canadians can buy in Florida real estate

ld946cf44-m0r.jpgFrom $99,999 to $1-million plus: Here’s what Canadians can buy in Florida real estate

 

Gigi Suhanic | September 17, 2014 12:01 PM ET

Lured by bargain prices, Canadians spent $2.2-billion on Florida property last year, making them the state’s No. 1 foreign buyer of real estate.

Half of all Canadian buyers, most of them paying cash, spent less than US$200,000 — about half the average sale price of a home here last month. Only 16% of Canadians paid more than $400,000 for their Florida homes.

Canadians were behind 31.6% of all international transactions, according to a report Tuesday by the National Association of Realtors for Florida. And so far the lower Canadian dollar hasn’t affected sales.

Here’s a look at what the price range of just under $100,000 to over $1-million will buy in the Sunshine State:

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$99,999 or less: A townhouse in Ft. Myers, Fla., selling for $99,999.

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$100,000 to $199,999: A two-bedroom house in Ft. Myers selling for $150,000.

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$200,000 to $299,000: House for sale in North Ft. Myers for $250,000.

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$300,000 to $399,999: House in Ft. Myers selling for $395,000.

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$400,000 to $499,999:: Three-bedroom, two-bathroom house in Ft. Myers selling for $475,000.

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$500,000 to $749,999: House in Naples selling for $749,000.

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$750,000 to $999,999:: Five-bedroom, four-bathroom house in Fort Myers selling for $850,000.

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$1,000,000 or more:: House for sale in Naples for $5,700,000.

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