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Housing Market 2023: The Top 10 American Homebuying Destinations

Housing Market 2023: The Top 10 American Homebuying Destinations
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Housing Market 2023: Americans are increasingly seeking residences beyond the 50 states, motivated by various factors. Some have jobs that allow for location independence and are in search of a fresh start.

Others are in pursuit of vacation homes or investment properties. Regardless of the motive, interest in real estate outside the U.S. persists, although it has undergone shifts with the rise of work-from-anywhere opportunities in 2021 and 2022.

Housing Market 2023: The Top 10 American Homebuying Destinations

To identify the most coveted destinations for Americans looking to acquire homes outside the 50 states in North America, Central America, and South America, Point2 conducted a thorough analysis of over 2,000 real estate-related keywords. Based on this study, the following are the top 10 sought-after homebuying locations in the Americas:

1. Jamaica – Aspirations of Owning a Slice of Paradise

  • Average Home Price: $1.62 million
  • Price Range: $502,553 – $50.57 million (Source: JamesEdition)

2. U.S. Virgin Islands (St. Thomas) – Tropical Tranquility Tempts Buyers

  • Median Listing Price: $429,500
  • Price Range: $59,500 – $20 million (Source: Realtor.com)

3. Dominican Republic – Where Warm Climates and Affordable Homes Converge

  • Starting Price: $69,000
  • Average for Two-Bedroom Villa: $150,000 – $250,000 (Source: DreamingDR.com)

4. Bahamas – Diverse Islands, Diverse Price Tags

  • Nassau (Capital): Average $721,340
  • Grand Bahama: Average $272,420
  • Eleuthera: Average $992,788 (Many multimillion properties) (Source: Bahamas Guides)

5. Panama – Gateway to Tropical Living

  • Listings: $39,000 – $7.5 million

6. Belize – Tropical Paradise on a Budget

  • Three-Bedroom Home: Starting at $150,000 (Source: REMAX)

7. Puerto Rico (San Juan) – Sun-Kissed Living Awaits

  • Median Listing Price: $795,000
  • Price Range: $24,900 – $8.9 million (Source: Realtor.com)

8. Costa Rica – Nature’s Embrace Comes at Varied Prices

  • San Jose Metro Area: Average $180,000
  • Central Pacific: Average $230,000 (Source: REMAX Costa Rica)

9. Canada – Embrace True North Living

  • Average Home Price: 716,000 Canadian dollars ($526,480) (Source: CBC)

10. Mexico – Affordable Paradise South of the Border

  • Average Home Price: $1.6 million pesos ($90,850)

These destinations offer diverse opportunities for American buyers seeking homes outside the traditional 50 states. Whether it’s a tranquil retreat or an investment venture, these locations cater to a range of preferences and budgets.

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