California, international and global sales

Despite the recent slowdown in real estate international sales continue to rise in the most affluent neighborhoods [Newport Coast, Newport Beach, Laguna Beach and Corona del Mar.

Approximate 7.5% of upper and home sales were two foreign purchasers. Most primarily purchased as a second or vacation home. Typically spending approximately 4 months in this area.  Most financed with a traditional mortgage.

The largest source of buyers in the United States from other countries was Mexico 13% followed by United Kingdom at 12% India, China, and Canada were among the other top purchasers.  There is also a trend increasing from the middle east. Typically paying cash in lieu of traditional mortgages such as also done by many Canadians which were among the groups purchasing luxury homes in excess of $1 million value.

Assistance for buyers outside the US is provided by Hyatt luxury properties at no charge to the buyers.