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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China: A Fast-Growing Segment of South Florida Foreign Buyers

by | Sep 20, 2017
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Chinese buyers have increased their South Florida residential property purchases from 1 percent of international sales in 2012 to 3 percent in 2016, according to the 2016 Profile of International Homebuyers of MIAMI Association of REALTORS® (MIAMI) Members. The National Association of REALTORS® (NAR) conducts the annual profile for MIAMI.

Three percent of international sales is an impressive figure considering South Florida foreign real estate buyers accounted for $6.2 billion of total sales volume in 2016. A 3 percent international sales figure for Miami is higher than most U.S. states have in total international sales.

Greater Miami’s diversified economy, clean air, award-winning schools, stellar universities, international banking system, infrastructure improvements, name-brand shopping, port expansion and proximity to emerging markets are encouraging major Asian investment. 

Miami: Top Destination for Chinese Buyers in Florida

The Miami-Miami Beach metro area ranked as the top destination for Chinese buyers in Florida, according to NAR’s 2015 Profile of International Home Buyers in Florida. About 42 percent of all Chinese buyers purchased in Miami-Miami Beach, the total is 15 percentage points higher than the second-most purchased location (Bradenton-Sarasota-Venice.)

The Asian-born population in Miami-Dade County increased 10.5 percent from 2010 to 2014, growing from 34,251 to 37,853, according to 2014 U.S. Census population estimates. Asian-born residents accounted for 2.8 percent of the Miami-Dade County population, according to 2014 U.S. Census population estimates. About 19.6 percent of Miami’s Asian residents, or 7,425, identified as Chinese.

South Florida Educational Institutions Attracting Chinese Interest 
Miami’s Florida International University, the first U.S. university to establish campuses in China more than a decade ago, has about 5,000 Chinese students in Miami. The parents of these students purchase property for their children and for investment purposes.

FIU has a partnership with the Tianjin University of Commerce in Tianjin, China. Each year, more than 1,000 FIU students study hospitality and tourism management while learning about the Chinese culture in China. The Marriott Tianjin China Program began in September 2006 and is FIU’s largest program in China.

The University of Miami has 942 students from China, the most among all foreign countries, according to the school’s 2014 student enrollment figures. Venezuela ranks second with 212 students. The Chinese student population at UM has increased 88.4 percent since 2010-11, when 500 students from China were enrolled.

Chinese students at UM participate in the University of Miami Chinese Students and Scholars Association (UMCSSA), which was founded in 2012. The UMCSSA facilitates the transition of new incoming Chinese students to University of Miami through monthly meetings, the Mid-Autumn Celebration and the Chinese New Year Celebration.

Greater Miami is the nation’s eighth-largest college town (438,000 total students), according to the FIU-Miami Creative City Initiative. More than two-thirds of Miami college students stay in the region after graduating — the 16th best retention rate of the nation’s metros with more than 1 million people.

Miami-to-Asia Direct Flight Could Spur More Investment

Miami-Dade County government officials and local businessmen have been working on securing a Miami-to-Asia direct flight for years.

The main obstacle is finding an aircraft capable of traveling the long distance without refueling. In June 2017, Taiwan President Tsai Ing-wen told Miami International Airport that the 8,628-mile, 17-hour flight was possible. A Tokyo-Miami direct flight is a potential route.

In August 2017, Miami-Dade County Aviation Director Emilio Gonzalez said Miami is two years out from securing a direct flight to Asia. The demand is there. More than 415,000 travelers made connecting flights between Asia and Miami in 2015, which ranked Miami International Airport No. 15 among all U.S. cities with Asian traffic — all without a direct flight.

Asia is a Strong Miami Trade Partner

The most recent figures show that nearly 100,000 tons of cargo flow between Miami International Airport and Asia annually, at a value of $5.2 billion, the airport said.

Miami is in position to increase its international investments, particularly from Chinese buyers. PortMiami, the top-ranked container cargo port in Florida with 900,000 TEUs handled each year, spent $2 billion to deepen its channel from 42-foot depth to 50-52.

PortMiami is the only U.S. port south of Norfolk, Va. that can accommodate new, mega cargo vessels from the expanded Panama Canal.

Miami’s Amenities, Affordability Attract Global Clients

Miami’s global transformation began when Art Basel — one of the largest contemporary-art fairs in the world — chose Miami for its annual American home in 2002. Art Basel Miami Beach annually fields more than $3 billion in art, draws more than 77,000 visitors and attracts more private jets (800) than America’s most-watched sporting event, the Super Bowl.

In the years following Art Basel’s debut, the hip Miami Design District and the Wynwood Art District gained global attention. 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.

Miami ranks among the most affordable global cities. 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.

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