Visits to MIAMI Properties Soar in September, Venezuela Tops Lists of Countries Searching Miami Properties

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There were 114,338 visits to the MIAMI website, Miamire.com, in September 2013, an increase of 47% compared to the prior year, according to the 30,000-member MIAMI Association of Realtors (MIAMI). In addition, there were 9,557 additional unique visitors, totaling 43,016 people, searching for properties and information about the South Florida real estate market, an increase of 29%.

Natascha Tello, 2013 Chairman of the Board, MIAMI Association of Realtors

It’s very impressive that Miami continues to be the premier real estate destination for international buyers from Venezuela to as far as Lithuania and the Philippines.

There were 114,338 visits to the MIAMI website, Miamire.com, in September 2013, an increase of 47% compared to the prior year, according to the 30,000-member MIAMI Association of Realtors (MIAMI). In addition, there were 9,557 additional unique visitors, totaling 43,016 people, searching for properties and information about the South Florida real estate market, an increase of 29%.

Venezuela topped the list of countries that conducted searches on the MIAMI site in September. This is consistent with recent reports of political instability in the Latin American nation and a significant interest in the Miami real estate market. Accordingly, Venezuela was sixth in the list of nations that visited the MIAMI site during the same period last year. Following Venezuela were Canada, Colombia, Brazil, Argentina, Lithuania, France, Italy, Spain and the Philippines, eight of which also made the top ten list last year.

“The double-digit growth in both the visits and visitors to our website is a sign of a strong interest in Miami’s booming real estate market,” MIAMI Chairman of the Board Natascha Tello said. “It’s very impressive that Miami continues to be the premier real estate destination for international buyers from Venezuela to as far as Lithuania and the Philippines.”

Top Ten Countries visiting Miamire.com in September:
2013: 1) Venezuela 2) Canada 3) Colombia 4) Brazil 5) Argentina 6) Lithuania 7) France 8) Italy 9) Spain 10) Philippines

2012: 1) Brazil 2) Canada 3) Colombia 4) Argentina 5) France 6) Venezuela 7) Spain 8) United Kingdom 9) Italy 10) Russia

“Miami continues to attract consumers from around the world including countries such as Lithuania and the Philippines that may not have been strong markets for South Florida in the past,” said 2013 MIAMI Association of REALTORS Residential President Fernando I. Martinez. “Miami is a global city that benefits by attracting buyers and investors throughout the country and the world, fueling its vibrant real estate market.”

Top U.S. Markets for Miami
Miami is also a top choice for consumers in many U.S. markets. Not including Florida, the top Ten U.S. States for consumers searching Miamire.com in September 2013 were:

2013: 1) California 2) Texas 3) New York 4) Georgia 5) Illinois 6) North Carolina 7) Virginia 8) New Jersey 9) Ohio 10) Michigan
2012: 1) New York 2) California 3) Texas 4) Georgia 5) North Carolina 6) Maryland 7) Michigan 8) Illinois 9) Virginia 10) New Jersey

Miami Top Market for U.S. and Foreign Consumers
Nationally, Miami is consistently one of the top markets for most of the highest ranking countries searching for property in the U.S. – including Canada, Germany, Brazil, Italy, France, Netherlands, Spain, Russia, and Switzerland. In September, it was also a top market for U.K., Ireland, Philippines, and Sweden. The 20 top countries (outside the U.S.) where global consumers were most engaged on Realtor.com® & Realtor.com® International and the top 5 U.S. markets they searched were:

  •     *Canada: Detroit, Las Vegas, Los Angeles, Fort Lauderdale, Miami
  •     *United Kingdom: Los Angeles, Orlando, Houston, Las Vegas, Miami
  •     Australia: Los Angeles, Detroit, New York City, Las Vegas, Houston
  •     *Ireland: Los Angeles, New York City, Orlando, Miami, Chicago
  •     *Brazil: Miami, Orlando, Los Angeles, Boca Raton, Atlanta
  •     *Germany: Los Angeles, San Antonio, Detroit, Colorado Springs, Miami
  •     India: Las Vegas, Los Angeles, San Diego, San Jose, Dallas
  •     Japan: San Diego, Honolulu, Jacksonville, Los Angeles, Las Vegas
  •     Mexico: San Diego, San Antonio, Laredo, El Paso, Houston
  •     *France: Los Angeles, Miami, Detroit, Miami Beach, San Francisco
  •     *Italy: Detroit, New York, Miami, Los Angeles, Miami Beach
  •     *Netherlands: Los Angeles, Miami, New York, Houston, Las Vegas
  •     China: Los Angeles, Seattle, Boston, Irvine, New York
  •     *Philippines: Los Angeles, Las Vegas, Miami, San Francisco, San Diego, CA
  •     *Spain: Miami, Los Angeles, New York, Detroit, Washington DC
  •     South Korea: Los Angeles, Las Vegas, Colorado Springs, Irvine, Atlanta
  •     *Switzerland: Miami, Los Angeles, Detroit, Raleigh, Naples
  •     *Russian Federation: Los Angeles, New York, Miami, Detroit, San Francisco
  •     New Zealand: Los Angeles, Washington, Detroit, Las Vegas, San Diego
  •     *Sweden: Los Angeles, Miami, New York, Detroit, Fort Lauderdale

*Countries with Miami and/or Fort Lauderdale as top searches.

Based on the 2012 Miami International Market Report, Miami attracts a significant number of buyers from countries not reflected in property search rankings above, including Venezuela, Argentina, and Colombia.

In September, Miami again rose to second place - from third place in August - behind Los Angeles among the top ten overall most searched U.S. cities by non-U.S. consumers on Realtor.com® & Realtor.com® International.

1.    Los Angeles, CA
2.    Miami, FL
3.    Detroit, MI
4.    New York, NY
5.    Las Vegas, NV
6.    Orlando, FL
7.    Houston, TX
8.    San Diego, CA
9.    Fort Lauderdale, FL
10.    Chicago, IL

About the MIAMI Association of REALTORS
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating 93 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 30,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S., and has partnerships with more than 100 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.

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