JTHS Council of the MIAMI Association of REALTORS - Jupiter, Tequesta, Hope Sound

     

                

  • JTHS-MIAMI Golf Tournament to Benefit Veterans Organization on 9/11

    Aug 10, 2017
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) will host its 32nd annual JTHS-MIAMI Golf Tournament on Monday, Sept. 11 at the PGA National Resort & Spa in Palm Beach Gardens. Partial proceeds will benefit the Renewal Coalition, a Jupiter-based organization that assists wounded veterans and their families.
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  • JTHS-MIAMI Realtors Collect 240 Pounds of Food for Needy Palm Beach Residents

    May 16, 2017
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) collected 240 pounds of non-perishable food for the Palm Beach County Food Bank in April as part of the JTHS-MIAMI Leadership Academy’s “Move for Hunger” Food Drive.
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  • JTHS-MIAMI Rock the Market Attracts Top Experts, Panels

    Mar 09, 2017
    Palm Beach County real estate will continue outperforming the national average because of continued population gains, a growing economy and spectacular amenities, South Florida top brokers and real estate analysts said at the Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) Rock the Market conference on Feb. 28 in Jupiter.
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  • JTHS-MIAMI Realtors to Host Rock the Market in Jupiter

    Feb 27, 2017
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) will host JTHS-MIAMI Rock the Market on Tuesday, Feb. 28 at the Wyndham Grand Jupiter at Harbourside Place. The conference is designed to equip local Realtors with the latest market information, services and trends so they can better serve their clients.
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  • Lynne Rifkin Elected 2017 JTHS President of the MIAMI Association of REALTORS

    Feb 10, 2017
    The MIAMI Association of REALTORS® (MIAMI) has elected Lynne Rifkin, Broker Associate, ABR, MRP, PMN, SRES as the 2017 President of the Jupiter-Tequesta-Hobe Sound Association of Realtors (JTHS) Council. She and the entire 2017 JTHS Board of Governors were installed Dec. 2 at Frenchman’s Creek Beach & Country Club in Palm Beach Gardens.
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  • JTHS Realtors Collect More than 500 Holiday Toys for Local Children

    Jan 09, 2017
    The Jupiter Tequesta Hobe Sound (JTHS) Council of the MIAMI Association of REALTORS® (MIAMI) collected more than 500 toys for local families in need this holiday season during its first JTHS Young Professionals Network Toy Drive on December 15.
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  • JTHS Realtors to Host Educational Breakfast with Palm Beach Schools Superintendent

    Jan 09, 2017
    The Jupiter Tequesta Hobe Sound (JTHS) Council of the MIAMI Association of REALTORS® (MIAMI) will host a “Make a Connection” Breakfast with Palm Beach County Schools Superintendent Dr. Robert Avossa as the featured speaker on Wednesday, Jan. 18 at the Eastpointe Country Club in Palm Beach Gardens.
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  • YOUR July Minute with the JTHS President

    Jul 29, 2016
    Announcing Important Upcoming Events
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  • Jupiter Broker Patti Fitzgerald Appointed to Florida Real Estate Commission

    Mar 03, 2016
    The MIAMI Association of REALTORS® is honored to have one of its members, Patti Fitzgerald, named to the Florida Real Estate Commission, which administers and enforces real estate license law. Fitzgerald is a past president of the statewide Florida Realtors association and is currently a real estate broker associate and manager for Illustrated Properties in Hobe Sound.
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  • YOUR February Minute with the JTHS President

    Feb 18, 2016
    We are halfway through February. Time goes by so quickly. Our JTHS Leaders continue to focus on goals to maximize our Member's strengths. Our Professional staff continue to make enhancements to products and service offerings.
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  • Sue Gaieski Elected 2016 JTHS Council President of the MIAMI Association of REALTORS

    Feb 18, 2016
    The MIAMI Association of REALTORS® (MIAMI) has elected Sue Gaieski, e-PRO, SFR as the 2016 President of the Jupiter-Tequesta-Hobe Sound Association of Realtors (JTHS) Council. She and the entire 2016 JTHS Board of Governors were installed Dec. 11 at Frenchman’s Creek Beach & Country Club in Palm Beach Gardens.
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Canadian Buyers a Top Market for South Florida Real Estate

by | Mar 09, 2016

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Canadian consumers buy the fourth-most South Florida real estate among all foreign countries. The North American nation registered 7 percent of all South Florida international sales last year, according to the 2015 Profile of International Home Buyers in MIAMI Association of REALTORS® Business Areas. The National Association of REALTORS® (NAR) conducts the annual profile for MIAMI.

Miami's tropical climate, resort lifestyle, global business center, and world-class shopping are some reasons why Canadians are buying properties and relocating their families here.

South Florida's top international buyers in 2015:

Country Percentage of South Florida foreign sales
1. Venezuela 13%
2. Brazil 12%
3. Argentina 10%
Colombia 10%
4. Canada 7%
5. Mexico 5%
6. France 4%
Italy 4%

Canadians Finished as Highest Foreign Buyer in Broward
Canadians purchased considerably more property in Broward County than Miami-Dade in 2015. Canada tied with Venezuela as the most significant foreign buyer in Broward, registering 16 percent of all foreign sales. Colombia (12 percent) and Argentina (9 percent) finished second and third, respectively.

Canadians purchased 3 percent of all foreign sales in Miami-Dade County. Venezuela (26 percent), Brazil (13 percent) and Argentina (12 percent) were the top-three buying countries in Miami-Dade in 2015.

Canadians paid on average $510,000 for South Florida properties, which is significantly higher than the $258,000 average among all buyers in Florida.

Country Avg. Purchase Price for
South Florida Real Estate
1. Brazil $766,000
2. Colombia $516,000
Argentina $516,000
3. Canada $510,000
4. Venezuela $488,000

Canadians Topped All International Countries in All-Cash Sales in South Florida
Among all international buyers, Canadians spend the most on South Florida real estate. About 86 percent of Canadian buyers paid all-cash for South Florida real estate in 2015. Argentina (80 percent), Brazil (75 percent) and Venezuela (74 percent) trailed Canada in cash sales. About 75 percent of South Florida international buyers paid all-cash, according to the 2015 Profile.

Canadians purchased properties in the central city/urban, suburban and resort areas almost equally. About 30 percent of Canadians bought in the central city, 33 percent in suburban and 30 percent in rural areas. As far as the type of property, about 57 percent of Canadians bought condos versus 24 percent who purchased single-family homes.

Vacation Homes are a Big Draw for Canadians
Most Canadian buyers intend to use their South Florida properties for vacation reasons. About 46 percent of South Florida Canadian buyers said they desired a vacation home. About 18 percent wanted a residential rental, 15 percent were looking for a primary residence/retirement, 19 percent wanted both a vacation and rental and 2 percent listed unknown reasons.

Most Canadians intend to use their South Florida properties for up to six months each year. About 76 percent of Canadians planned to use the property for up to six months. About 11 percent listed an unknown time period.

Palm Beach: a Top Location for Canadian Home Buyers
In addition to Broward and Miami-Dade, Canadian consumers purchase significant property in Palm Beach County. Canada is in fact the largest foreign demographic purchasing real estate in Palm Beach County. About 32 percent of Canadian foreign buyers purchased property in Palm Beach in 2015. Brazil (28 percent) came in second among all foreign countries.

All-Year Sunny Weather
South Florida's tropical climate is one of the top draws for Canadians. With an average temperature of 75 Fahrenheit, Miami is the only major "subtropical" city in the continental U.S. In comparison, the average annual temperature in Canada's capital of Ottawa is 51.62 Fahrenheit, according to Environment Canada data.

February weather shows an even greater disparity between Miami and Canada's capital city. On March 2, 2016, Miami registered a high of 81 degrees Fahrenheit. Ottawa, meanwhile, posted a high of 16 degrees Fahrenheit on the same day.

The disparity in weather is one reason why many retired Canadians purchase second homes in South Florida. Before the winter arrives in Canada, these "snowbirds" relocate to their Miami and Fort Lauderdale homes and live up to six months here. More than a million Canadians over 55 years old have adopted the "snowbird" lifestyle, spending the winter months in Florida.

Outdoor Activities
South Florida's all-year warm weather and miles of coastline allows for a bevy of outdoor and boating activities. Greater Miami has 84 miles of Atlantic Ocean coastline & 67 square miles of inland waterways & more than 15 miles of world-famous beaches. Miami is a leading global city with many resort qualities. Look no further than its cruise industry. Nicknamed the "Cruise Capital of the World," South Florida cruise lines serve more than 4 million passengers a year.

Fort Lauderdale in Broward County enjoys a reputation as one of the globe's preeminent international yachting centers. The city's network of canals makes it a boat lover's dream. The draw is just one reason why Canadians lead all foreign buyers in Broward County.

World-Class Amenities
With world-class amenities like the Pérez Art Museum Miami and the Adrienne Arsht Center for the Performing Arts in downtown Miami and four major professional sports teams, South Florida offers international and domestic buyers a bevy of culture, arts, and entertainment. Basketball's Miami Heat, baseball's Miami Marlins and football's Miami Dolphins have each won championships.

South Florida' professional hockey team, the NHL's Florida Panthers, play their home games in Broward County. This is a big lure for residents from Canada as hockey is the national sport there. Broward is also home to the Broward Center for the Performing Arts.

Direct Flights
Miami International Airport (MIA) offers more than 215 non-stop flights to 147 cities, including 95 international destinations. Fort Lauderdale-Hollywood International Airport (FLL) offers non-stop flights to more than 100 cities, including 50 foreign stops.

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