Broward Council of the MIAMI Association of REALTORS

                                                                                                     

                

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    Total Miami-Dade County home sales surged 13.3 percent year-over-year in August with single-family homes and condominium markets posting double-digit gains as total luxury sales, median prices and dollar volume increased, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
  • Colombia Continues to be Top Country Searching for Miami Homes

    Sep 17, 2018
    Colombian consumers registered the most international web searches for Miami homes in June, according to a new report by the MIAMI Association of Realtors (MIAMI). Colombia registered 12 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in June 2018. Colombia has led the rankings for seven consecutive months.
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  • MIAMI Realtors Showcase South Florida Real Estate at Brazilian Convention

    Sep 14, 2018
    The MIAMI Association of REALTORS® (MIAMI) promoted South Florida real estate at one of Brazil’s largest real estate events, the Secovi-SP Convention, on Aug. 26-28 in São Paulo. Secovi-SP, Latin America’s largest trade union, was MIAMI’s first of 178 foreign partner associations worldwide.
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  • JTHS-MIAMI Realtors Raises Money for Palm Beach’s Center for Child Counseling

    Sep 13, 2018
    The Young Professionals Network of the Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) donated about $7,560 to the Center for Child Counseling in Palm Beach Gardens from proceeds raised from their annual Battle of Bartenders event.
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  • South Florida Office Dollar Volume Surges in 2Q 2018

    Sep 04, 2018
    South Florida office dollar volume rose to its highest value in the past three quarters, according to the new 2Q 2018 The Quarterly Report – South Florida Commercial Real Estate released by data firm Vizzda (Visual Data) and the MIAMI Association of Realtors Commercial (MIAMI Commercial).
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  • Miami Existing Condo Sales Continue Upward Trend in July

    Aug 22, 2018
    Miami-Dade County existing condominium sales increased year-over-year for the fifth time in the last seven months as median prices rose for all properties in July 2018, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Miami Realtors to Exhibit at Colombia’s Largest Real Estate Expo

    Aug 09, 2018
    The MIAMI Association of REALTORS® (MIAMI) will again promote South Florida’s lifestyle and real estate market at Colombia’s largest property showcase, El XII Gran Salón Inmobiliario – Feria Internacional, starting today through Sunday, Aug. 12 in Bogotá, Colombia. MIAMI will make a South Florida market presentation at the 13th annual expo, which is expected to attract 30,000 visitors and 200 exhibitors.
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  • Miami Condominium Sales Rise in 2Q 2018

    Aug 08, 2018
    Miami-Dade County existing condominium sales surged 5.6 percent in 2Q 2018 as median prices for all properties rose for the 26th consecutive quarter, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • JTHS-MIAMI Realtors Collect School Supplies for Boys & Girls Clubs of Palm Beach County

    Aug 06, 2018
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) collected $800 worth of school supplies for Boys & Girls Clubs of Palm Beach County children during its annual school supply drive.
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  • Colombia Continues to be Top Country Searching for Miami Homes

    Jul 24, 2018
    Colombian consumers registered the most international web searches for Miami homes in April, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia registered 12.2 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in April 2018. Colombia has led the rankings for five consecutive months.
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  • Luxury Sales Continue to Rise while Limited Supply in Lower Price Points Results in Fewer Sales, Increased Prices

    Jul 23, 2018
    Miami-Dade County luxury real estate sales continue to increase while lower price points experience strong demand and limited supply, resulting in price increases countywide, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
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  • Colombia Continues to be Top Country Searching for Miami Homes

    Jul 09, 2018
    Colombian consumers registered the most international web searches for Miami homes in March, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia registered 11.9 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in March 2018. Colombia has led the rankings for four consecutive months.
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  • South Florida Multifamily Transactions, Prices Rise in 1Q

    Jun 26, 2018
    South Florida multifamily real estate transactions jumped 8.5 percent year-over-year in 1Q 2018 and per-unit multifamily prices increased in Miami-Dade, Broward and Palm Beach counties, according to the new 1Q 2018 The Quarterly Report – South Florida Commercial Real Estate
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  • JTHS-MIAMI Realtors Collect 364 Pounds of Food for Needy Palm Beach Residents

    Jun 25, 2018
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) collected 364 pounds of non-perishable food for the Palm Beach County Food Bank in April as part of its annual JTHS-MIAMI’s “Move for Hunger” Food Drive.
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  • Colombia Leads Countries Looking for Miami Homes in February

    Jun 25, 2018
    Colombian consumers registered the most international web searches for Miami homes in February, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida remains the most-searched U.S. market by international consumers and a top-five market for homebuyers in the world’s six largest regions, according to February data.
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  • Miami Luxury Home Sales Jump in May 2018

    Jun 20, 2018
    Total Miami luxury home sales rose 24.1 percent year-over-year in May as existing condominium sales rose for the second consecutive month, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story
  • Miami Realtors Join Chapman Partnership to Feed Homeless

    Jun 18, 2018
    Continuing its changing communities initiative, MIAMI Association of Realtors (MIAMI) members and peers again fed dinner to 500 homeless residents on June 14 at the Chapman Partnership’s Downtown Miami Homeless Assistance Center.
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  • Miami Existing Condo Sales Jump 24.6 Percent in April

    May 24, 2018
    Miami’s existing condominium market posted its best April in three years as condo transactions jumped 24.6 percent and condo dollar volume surged 40.8 percent year-over-year, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. Miami single-family home sales and residential prices rose.
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  • MIAMI REALTORS® Launches MIAMI Platinum PLUS for its Members

    May 17, 2018
    The MIAMI Association of REALTORS® (MIAMI) is now offering its members subscriptions to MIAMI Platinum PLUS, an exclusive and unparalleled suite of upgraded Realtor products and services, so Realtors can utilize an even higher level of industry tools to improve and expand their business while enhancing the home buying and home selling process for the public.
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  • Miami Luxury Home Sales Soar in 1Q 2018

    May 15, 2018
    Total Miami luxury home sales surged 12.3 percent in 1Q 2018 as median prices rose for the 25th consecutive quarter, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system.
    Full story

Colombians Adding to Miami's Multicultural Community

by | Jul 27, 2016

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Looking for a world-class city and a safe place to keep their money, Colombians have increasingly turned to Miami. Known as the Capital of Latin America, Miami boasts premier beaches, brand shopping and urban living, which Colombians and South Americans desire.

So it should come to no surprise that Colombia continues to lead all foreign countries searching for South Florida real estate. Colombia registered the most web searches among all global nations on the MIAMI Association of REALTORS® (MIAMI) web portal, www.Miamire.com in May 2016. Colombia has now led the MIAMI search rankings for six consecutive months.

"We are seeing an increased diversification of foreign buyers from a large array of countries," said Mark Sadek, the 2016 MIAMI Chairman of the Board. "This increased diversification is the new norm for Miami real estate."

Miami is just a three-hour flight from Bogota. Colombians are attracted by Miami's multicultural, multilingual population, tropical climate, global business center and world-class amenities. They join a growing percentage of South Americans here in Miami from countries like Brazil, Peru, Argentina, Venezuela and more.

South Florida is the No. 1 U.S. market for international consumers in May 2016, according to Realtor.com data.

Colombia: A Top Market for South Florida Real Estate
Colombian home buyers tied with Argentinians in purchasing the third-most Miami real estate among foreign countries, according to the 2015 Profile of International Home Buyers in Miami Association of Realtors Business Areas. Colombia registered 10 percent of all foreign South Florida transactions, according to the survey conducted by MIAMI and the National Association of REALTORS. Only Venezuelan (13 percent) and Brazilian (12 percent) buyers purchased more.

Colombians moving to South Florida are often upper-middle-class families who want to enjoy their prosperity earned in their homeland as professionals and entrepreneurs. Colombians spend the second-most on South Florida property among foreign buyers. The $516,000 average purchase price of Colombians tied with Argentina and only trailed Brazil ($766,000), according to the 2015 survey.

Surging Interest from Spain, India
Spain posted the fifth-most searches of South Florida real estate in May. It was the country's highest finish since it took sixth in June 2013. India, meanwhile, continues to show strong interest in Miami properties. India, which has a population of 1.25 billion residents had the sixth-most searches for the third consecutive month.

The top-10 countries visiting Miamire.com in May

2016

  1. Colombia
  2. Venezuela
  3. Argentina
  4. Brazil
  5. Spain
  6. India
  7. Canada
  8. Israel
  9. Philippines
  10. Mexico

2015

  1. Brazil
  2. Colombia
  3. Canada
  4. Venezuela
  5. Argentina
  6. India
  7. Russia
  8. Philippines
  9. United Kingdom
  10. France

South Florida: The Top-Ranked U.S. Market for International Consumers
Miami-Fort Lauderdale-West Palm Beach is the most-searched U.S. market for international consumers, according to Realtor.com May 2016 data. South Florida has now registered the global real estate web searches of any U.S. market for seven consecutive months. Realtor.com began studying U.S. regions for international real estate demand in November 2015.

The top-10 U.S. markets for international real estate demand:

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

South Florida ranked as a top-five market for consumers in eight of the world's ten-largest regions in May 2016. South Florida finished as the most-searched market in four of the regions:

North America:

  1. New York-Newark-Jersey City, NY-NJ-PA
  2. Chicago-Naperville-Elgin, IL-IN-WI
  3. Dallas-Fort Worth-Arlington, TX
  4. Philadelphia PA
  5. Miami-Fort Lauderdale-West Palm Beach

South America:

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

Northern Europe:

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

Australia and New Zealand:

  1. Los Angeles-Long Beach-Anaheim, CA
  2. New York-Newark-Jersey City, NY-NJ-PA
  3. Dallas-Fort Worth-Arlington, TX
  4. San Francisco-Oakland-Hayward, CA
  5. Chicago-Naperville-Elgin, IL-IN-WI

Western Europe:

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

Caribbean:

  1. Miami-Fort Lauderdale-West Palm Beach
  2. Orlando-Kissimmee-Sanford, FL
  3. Tampa-St. Petersburg-Clearwater, FL
  4. New York-Newark-Jersey City, NY-NJ-PA
  5. Atlanta-Sandy Springs-Roswell, GA

Southern Europe:

  1. Miami-Fort Lauderdale-West Palm Beach
  2. Los Angeles-Long Beach-Anaheim, CA
  3. New York-Newark-Jersey City, NY-NJ-PA
  4. Tampa-St. Petersburg-Clearwater, FL
  5. Chicago-Naperville-Elgin, IL-IN-WI

Eastern Asia:

  1. Los Angeles-Long Beach-Anaheim, CA
  2. New York-Newark-Jersey City, NY-NJ-PA
  3. San Francisco-Oakland-Hayward, CA
  4. Washington DC
  5. Dallas-Fort Worth-Arlington, TX

Western Asia:

  1. Miami-Fort Lauderdale-West Palm Beach
  2. Los Angeles-Long Beach-Anaheim, CA
  3. New York-Newark-Jersey City, NY-NJ-PA
  4. Houston-The Woodlands-Sugar Land, TX
  5. Washington DC

Eastern Europe:

  1. Los Angeles-Long Beach-Anaheim, CA
  2. Miami-Fort Lauderdale-West Palm Beach
  3. Chicago-Naperville-Elgin, IL-IN-WI
  4. New York-Newark-Jersey City, NY-NJ-PA
  5. Tampa-St. Petersburg-Clearwater, FL

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