Arizona is among the top 10 destinations for foreign buyers purchasing residential real estate, according to a report by the National Association of Realtors.
And the vast majority of Arizona's foreign buyers — at a whopping 60% — are Canadians.
NAR's 2024 Profile of International Transactions in U.S. Residential Real Estate covers Realtor transactions with international clients who purchased and sold U.S. residential property during the 12-month period between April 2023 and March 2024.
Arizona ranked No. 4 for real estate investment in the country during that period, with 5% of all foreign buyers looking to the Grand Canyon State for purchases.
