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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Argentina Ranks No. 2 Globally for Most Miami Real Estate Transactions

by | Aug 23, 2017

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Argentinian consumers buy the second-most South Florida real estate among all foreign countries.

The South American country registered 11 percent of the $6.2 billion in South Florida residential real estate purchases by foreign buyers, according to the 2016 Profile of International Homebuyers of MIAMI Association of RELATORS® Members. The National Association of REALTORS® (NAR) conducts the annual profile for MIAMI.

South Florida’s global business center, world-class shopping, affordability compared to other world cities, and outdoor lifestyle are some reasons why Argentinians purchase.

 Top Countries Investing in South Florida 

                  1.    Venezuela (15 percent of South Florida foreign purchases) 
                  2.    Argentina (11 percent) 
                  3.    Brazil and Colombia (10 percent each) 
                  4.    Canada (6 percent) 
                  5.    Mexico, France & Peru (4 percent each)

Argentinian Buyer Characteristics
Argentinians preferred Miami-Dade over Broward, according to MIAMI’s 2016 Profile. About 69 percent of Venezuelan residential buyers purchased in Miami-Dade. About 26 percent purchased in Broward County, 2 percent bought in Palm Beach County and 2 percent chose another South Florida county.

 Argentina ranked as the third-highest foreign buyer (14 percent) in Miami-Dade behind Venezuela (17 percent) and Brazil (15 percent). Argentinians registered 12 percent of all foreign transactions in Broward, trailing Venezuela (18 percent), Colombia (17 percent) and Canada (13 percent).

Argentinian consumers paid on average $406,000 for South Florida properties. In comparison, all MIAMI buyers spend $352,900 on average. Foreign buyers of Florida Realtors members spend $412,100 on average, while foreign buyers in the U.S. spend $477,500 on average.

Country                                Avg. Purchase Price for South Florida Real Estate

1. Brazil                                 $775,000
2. Canada                             $646,000
3. Venezuela                         $534,000
4. Argentina                         $406,000
5. Colombia                          $388,000

78 Percent of Argentinian Buyers Pay All-Cash
About 78 percent of Argentinian buyers paid all-cash for South Florida real estate. Among all foreign buyers, Argentina ranked second for highest percentage of cash sales. Canada (81 percent) finished first. About 72 percent of South Florida international buyers paid all-cash, according to the 2016 Profile.

Most Argentinian buyers purchased condominiums in the central city/urban areas. About 70 percent of Argentinians preferred condominiums over townhouse (15 percent) and single-family homes (11 percent). About 72 percent of Argentinian buyers bought in the central city/urban locations over suburban (9 percent), small town (2 percent and resort area (17 percent).

Argentinians Buy Properties for Residential Rental Reasons
Argentinians mostly use their South Florida property for residential rentals. About 52 percent of Argentinians intend to use their properties for residential rentals; 22 percent for vacation home, 14 percent for both vacation and residential rental, 16 percent for primary residence, 6 percent other reasons and 4 percent didn’t list a reason.

World-Class Amenities, Affordability
International home buyers purchase in Miami for more reasons than just world-class beaches and sunny weather. Miami has developed into a top global city with world-class amenities. Miami is also so multicultural that it’s very easy to integrate here.

Miami’s global transformation began when Art Basel, the biggest contemporary-art fair in the United States and one of the largest in the world, chose to host an annual event here. Art Basel added Miami Beach to the radar of wealthy international collectors.

New cultural institutions such as Pérez Art Museum Miami, the Institute of Contemporary Art, Miami, and the Frost Museum of Science have added to Miami’s global brand. From its colorful Wynwood murals to its shining new art museums to its hip Design District, Miami exudes art. You can’t go anywhere in this town without seeing this staple of Miami life.

Miami is also affordable compared to cities like New York and San Francisco.

A 120-square meter condo in Miami-Fort Lauderdale-Miami Beach cost $149,900 on average, according to the National Association of Realtors 2015 Profile of Home Buying Activity of International Clients. The price for the same condo in London ($960,840), Hong Kong ($776,280), and New York ($1.6 million) were at least five times higher.

Safe Place to Invest
Like other international buyers, Venezuelans view Miami as a safe place to invest their money. In an ideal location for a resort lifestyle, Miami provides foreign home buyers safety of investment that they don’t typically see in their respective homelands. The U.S. has a trustworthy legal system, which places importance on property rights.

 Historical-low interest rates in addition to world-class condominiums with oceanfront views are attracting international home buyers to South Florida.

Miami Welcomes All Culture
Miami is the most international city in the U.S. About 51.3 percent of Miami residents are foreign born, according to the U.S. Census. Miami’s concentration of foreign-born residents is more than double the national average of 19.4 percent.

Direct Flights
Miami International Airport (MIA) offers 160 direct flights, including 25 to South America. MIA has non-stop flights to Buenos Aires (American Airlines, Latam Airlines and Aerolineas Argentinas). Fort Lauderdale-Hollywood International Airport (FLL) has 116 direct flights, including 60 international destinations.

Boosting the Market
Argentinians are part of a significant number of South Florida international buyers who are increasingly purchasing property in South Florida. The foreign clients want to live, work, and play in our multicultural, multilingual region.

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