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:
$99,999 or less: A townhouse in Ft. Myers, Fla., selling for $99,999.
$100,000 to $199,999: A two-bedroom house in Ft. Myers selling for $150,000.
$200,000 to $299,000: House for sale in North Ft. Myers for $250,000.
$300,000 to $399,999: House in Ft. Myers selling for $395,000.
$400,000 to $499,999:: Three-bedroom, two-bathroom house in Ft. Myers selling for $475,000.
$500,000 to $749,999: House in Naples selling for $749,000.
$750,000 to $999,999:: Five-bedroom, four-bathroom house in Fort Myers selling for $850,000.
$1,000,000 or more:: House for sale in Naples for $5,700,000.