International Council of the MIAMI Association of REALTORS

     

                

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The MIAMI Association of REALTORS® features a half-page article each week in The Miami Herald –International Edition, promoting MIAMI Members and the South Florida real estate market to affluent consumers in Latin America and Europe.

Colombia Tops All Countries Searching Miami Real Estate Miami is the No. 1 Most-Searched U.S. Market Globally

by | Jun 15, 2017

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Colombia is the most-active foreign country searching Miami real estate, according to new data from the MIAMI Association of REALTORS® (MIAMI). Colombia registered the most South Florida property searches among all countries on MIAMI’s portal, www.MiamiRealtors.com, in March 2017.

Colombia has led the MIAMI property search rankings in 11 of the last 16 months. Venezuela and Brazil finished second and third, respectively. India, the second-most populous country in the world, entered the top-five in March 2017 after finishing sixth in December 2016, January 2017 and February 2017.

“As Miami evolved from a tourist city to a global metropolis, we’ve seen more diversified foreign home buyers search and buy properties here,” said Coral Gables Realtor Christopher Zoller, the 2017 MIAMI chairman of the board. “It’s no longer just South America. It is home buyers in India, China, Turkey, France and other countries who want to live the Miami lifestyle.”

 

The top-10 countries visiting Miamire.com in March 2017:
1.    Colombia        
2.    Venezuela  
3.    Brazil
4.    Argentina         
5.    India              
6.    Canada              
7.    Philippines
8.    Dominican Republic
9.    France
10.  Spain

The top-10 countries visiting Miamire.com in March 2016:
1.    Colombia           
2.    Venezuela              
3.    United Kingdom
4.    Argentina            
5.    Brazil                     
6.   India        
7.   Canada
8.    France        
9.    Philippines
10.  Dominican Republic

Colombia: A Top Market for South Florida Real Estate
Colombian home buyers tied with Brazil in making the third-most international purchases in South Florida, according to the 2016 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Colombia had a 10 percent share of all international purchases in South Florida. Venezuela (15 percent) and Argentina (11 percent) finished first and second, respectively.

Colombian consumers had the fifth-highest average purchase price ($388,000) among South Florida international clients, according to the 2016 MIAMI report. Brazil had the highest ($775,000).

Colombia home buyers rank fourth among top international buyers in Miami-Dade County (8 percent), second in Broward County (17 percent) and tied for fourth in Palm Beach County (4 percent).

Georgia Leads All States in Miami Real Estate Searches
Georgia registered the most domestic Miami web searches in March 2017. Georgia has led the domestic rankings in three of the last four months.

The top-10 U.S. states searching Miamire.com in March:
2017: 1) Georgia, 2) California, 3) New York, 4) Texas, 5) Illinois, 6) Virginia, 7) North Carolina, 8) New Jersey, 9) Massachusetts, 10) Ohio

2016: 1) Texas, 2) Georgia, 3) California, 4) New York, 5) Illinois, 6) Tennessee, 7) North Carolina, 8) Michigan, 9) Indiana, 10) South Carolina

South Florida is the Most Searched U.S. Market by International Consumers
Miami-Fort Lauderdale-West Palm Beach finished as the No. 1 U.S. market for international consumers in March 2017, according to Realtor.com.
The top-10 U.S. markets for international real estate demand:

  1. Miami-Fort Lauderdale-West Palm Beach, FL
  2. Los Angeles-Long Beach-Anaheim, CA
  3. Bellingham, WA
  4. Kahului-Wailuku-Lahaina, HI
  5. New York-Newark-Jersey City, NY-NJ-PA
  6. Urban Honolulu, HI
  7. Orlando-Kissimmee-Sanford, FL
  8. El Centro, CA
  9. Tampa-St. Petersburg-Clearwater, FL
  10. Houston-The Woodlands-Sugar Land, TX

South Florida ranked as a top-five market for consumers in six of the world’s largest regions in March 2017. South Florida finished as the most-searched U.S. market in Western Europe, South America and Western Asia. 

North America:
1. New York-Newark-Jersey City, NY-NJ-PA;
2. Chicago-Naperville-Elgin, IL-IN-WI;
3. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD;
4. Dallas-Fort Worth-Arlington, TX;
5. Miami-Fort Lauderdale-West Palm Beach, FL

● Northern Europe:

1. New York-Newark-Jersey City, NY-NJ-PA;
2. Los Angeles-Long Beach-Anaheim, CA;
3. Orlando-Kissimmee-Sanford, FL;
4. Miami-Fort Lauderdale-West Palm Beach, FL;
5. Tampa-St. Petersburg-Clearwater, FL

● Western Europe:

1. Miami-Fort Lauderdale-West Palm Beach, FL;
2. Los Angeles-Long Beach-Anaheim, CA;
3. New York-Newark-Jersey City, NY-NJ-PA;
4. Cape Coral, FL;
5. Tampa, FL

● Australia and New Zealand:

1. Los Angeles-Long Beach-Anaheim, CA;
2. New York-Newark-Jersey City, NY-NJ-PA;
3. Dallas, TX;
4. Miami-Fort Lauderdale-West Palm Beach, FL;
5. San Francisco-Oakland-Hayward, CA

South America:
1. Miami-Fort Lauderdale-West Palm Beach, FL;
2. Orlando-Kissimmee-Sanford, FL;
3. Los Angeles-Long Beach-Anaheim, CA;
4. New York-Newark-Jersey City, NY-NJ-PA;
5. Chicago, IL

Western Asia:
1. Miami-Fort Lauderdale-West Palm Beach, FL;
2. Los Angeles-Long Beach-Anaheim, CA;
3. New York-Newark-Jersey City, NY-NJ-PA;
4. Houston, TX;
5. Washington-Arlington-Alexandria, DC-VA-MD-WV

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