Colombia Registers Most South Florida Real Estate Online Searches in December; Miami Market is No. 1 on Realtor.com

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Colombia topped all foreign countries searching online for South Florida real estate in December 2015, according to new statistics from the MIAMI Association of REALTORS® (MIAMI)

Mark Sadek, 2016 Chairman of the Board, MIAMI Association of REALTORS

Miami’s tropical climate, global business center, world-class shopping and history of multiculturalism are just a few reasons why Colombians and all international home buyers continue buying local properties

Colombia topped all foreign countries searching online for South Florida real estate in December 2015, according to new statistics from the MIAMI Association of REALTORS® (MIAMI). Colombia edged Brazil to lead all global consumers using MIAMI’s search portal, http://www.Miamire.com. Brazil had ranked as the top foreign nation using Miamire.com in 17 of the previous 18 months.

Brazil has led MIAMI’s global search rankings in every month except three (May 2014, July 2015 and December 2015) since June 2014. The December 2015 statistics also showcase increased interest from the Philippines and Spain.

“Colombian home buyers have long sought South Florida real estate,” said Mark Sadek, the 2016 MIAMI Chairman of the Board. “Miami’s tropical climate, global business center, world-class shopping and history of multiculturalism are just a few reasons why Colombians and all international home buyers continue buying local properties.”

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 Miami transactions, according to the survey conducted by MIAMI and the National Association of REALTORS. Only Venezuelan (13 percent) and Brazil (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.

Interest Grows from the Philippines, Spain
Philippine and Spanish buyers increased their online interest in South Florida real estate in December 2015. The Philippines’ fifth-place finish among Miamire.com foreign visitors was the country’s highest-ever finish. Spain posted its highest appearance since it took sixth place in consecutive months in May 2013 and June 2013.

The top-10 countries visiting Miamire.com in December 2015:
1.    Colombia                
2.    Brazil                
3.    Venezuela
4.    Argentina                
5.    Philippines                        
6.    India                
7.    Spain
8.    Canada            
9.    France        
10. Puerto Rico

The top-10 countries visiting Miamire.com in December 2014:
1. Brazil                
2. Venezuela                
3. Colombia
4. Canada                
5. Russia                        
6. India            
7. Argentina
8. France            
9. Greece
10. United Kingdom

Texas is Top U.S. Market for Miami
Texas finished as the top U.S. state searching South Florida real estate online in December 2015, ending a long Californian streak atop of the rankings. California had led Miami real estate online searches for 13 consecutive months, a streak dating back to November 2014.

This marks the first time Texan consumers had posted the most searches on Miamire.com.

The top-10 U.S. states searching Miamire.com in December:
2015: 1) Texas, 2) California, 3) New York, 4) Georgia, 5) Tennessee, 6) Illinois, 7) Michigan, 8) North Carolina, 9) South Carolina, 10) Pennsylvania

2014: 1) California, 2) Texas, 3) New York, 4) Illinois, 5) Georgia, 6) Ohio, 7) Tennessee, 8) Massachusetts, 9) Pennsylvania, 10) Michigan

South Florida: The No. 1 Market in the U. S. for International Consumers
The Miami-Fort Lauderdale-West Palm Beach market ranked as the top market in the world for international consumers searching for U.S. real estate in December 2015, according to Realtor.com.

The top-10 markets for overall international real estate demand:
1.    Miami-Fort Lauderdale-West Palm Beach, FL
2.    Los Angeles-Long Beach-Anaheim, CA
3.    Bellingham, WA
4.    New York-Newark-Jersey City, NY-NJ-PA
5.    Urban Honolulu, HI
6.    Orlando-Kissimmee-Sanford, FL
7.    Kahului-Wailuku-Lahaina, HI
8.    Naples-Immokalee-Marco Island, FL
9.    Watertown-Fort Drum, NY
10.    Tampa-St. Petersburg-Clearwater, FL

South Florida ranked as a top-five market for consumers in nine of the top-10 largest regions in the world in December 2015, according to Realtor.com:

● 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. Miami-Fort Lauderdale-West Palm Beach, FL; 5. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
● South America: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Orlando-Kissimmee-Sanford, FL; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Los Angeles-Long Beach-Anaheim, CA; 5. Tampa-St. Petersburg-Clearwater, FL
● Northern Europe: 1. Los Angeles-Long Beach-Anaheim, CA; 2. New York-Newark-Jersey City, NY-NJ-PA; 3. Miami-Fort Lauderdale-West Palm Beach, FL; 4. Orlando-Kissimmee-Sanford, FL; 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. Houston-The Woodlands-Sugar Land, TX; 5. Miami-Fort Lauderdale-West Palm Beach, FL
● Western Europe: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Los Angeles-Long Beach-Anaheim, CA; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Washington-Arlington-Alexandria, DC-VA-MD-WV; 5. Cape Coral-Fort Myers, FL
● Caribbean: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Orlando-Kissimmee-Sanford, FL; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Tampa-St. Petersburg-Clearwater, FL; 5. Atlanta-Sandy Springs-Roswell, GA
● Southern Europe: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Los Angeles-Long Beach-Anaheim, CA; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Chicago-Naperville-Elgin, IL-IN-WI; 5. Tampa-St. Petersburg-Clearwater, FL
● Eastern Asia: 1. Los Angeles-Long Beach-Anaheim, CA; 2. Dallas-Fort Worth-Arlington, TX; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Washington-Arlington-Alexandria, DC-VA-MD-WV; 5. Jacksonville, FL
● Western Asia: 1. New York-Newark-Jersey City, NY-NJ-PA; 2. Miami-Fort Lauderdale-West Palm Beach, FL; 3. Los Angeles-Long Beach-Anaheim, CA; 4. Houston-The Woodlands-Sugar Land, TX; 5. Washington-Arlington-Alexandria, DC-VA-MD-WV
● Eastern Europe: 1. Los Angeles-Long Beach-Anaheim, CA; 2. Miami-Fort Lauderdale-West Palm Beach, FL; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Chicago-Naperville-Elgin, IL-IN-WI; 5. Orlando-Kissimmee-Sanford, FL

About the MIAMI Association of REALTORS®
The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 96 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of six organizations, the Residential Association, the Realtors Commercial Alliance, the Broward Council, the Jupiter Tequesta Hobe Sound (JTHS) Council, the Young Professionals Network (YPN) Council and the award-winning International Council, it represents more than 41,000 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 official partnerships with 136 international organizations worldwide. MIAMI’s official website is http://www.miamire.com

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