Colombia Is Top International Country Searching South Florida Real Estate in January; Miami Market is No. 1 on Realtor.com

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Colombia leads all global consumers searching online for South Florida real estate, according to new statistics from the MIAMI Association of REALTORS® (MIAMI)

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

South Florida real estate attracts international home buyers unlike any other region in the U.S.

Colombia leads all global consumers searching online for South Florida real estate, according to new statistics from the MIAMI Association of REALTORS® (MIAMI). Colombia finished as the top international country using MIAMI’s search portal, http://www.Miamire.com, in January 2016.

Colombia has now led the online search rankings for two consecutive months. Brazil, which led the Miamire.com searches for 13 consecutive months from June 2014 through June 2015, finished runner-up for the second straight month. The January 2016 statistics also showcased strong interest from the Philippines and the United Kingdom.

South Florida real estate attracts international home buyers unlike any other region in the U.S.,” said Mark Sadek, the 2016 MIAMI Chairman of the Board. “Long known as a Gateway to the Americas, Miami’s shopping, restaurants, lifestyle, geographical position, tropical climate, international banking system and growing technological hub continue to attract foreign investors and home buyers.”

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 from Philippines, United Kingdom Grows
Philippine and United Kingdom buyers increased their online interest in South Florida real estate in January 2016. The Philippines’ fifth-place finish among Miamire.com foreign visitors was the country’s highest-ever finish. The United Kingdom, meanwhile, posted its highest appearance since it finished seventh in February 2015.

The top-10 countries visiting Miamire.com in January 2016:
1.    Colombia                
2.    Brazil                
3.    Venezuela
4.    Argentina                
5.    Philippines                        
6.    Canada                
7.    India
8.    United Kingdom            
9.    Puerto Rico        
10. France

The top-10 countries visiting Miamire.com in January 2015:
1.    Brazil                
2.    Colombia                
3.    Russia
4.    Venezuela                    
5. Canada                        
6. Argentina            
7.    India
8.    United Kingdom            
9.    Italy
10. France

California is Top U.S. Market for Miami
California finished as the top U.S. state searching South Florida real estate online in January 2016. California, which finished second to Texas in December 2015, has now led all U.S. states searching on Miamire.com in 14 of the last 15 months.

The top-10 U.S. states searching Miamire.com in January:
2016: 1) California, 2) Texas, 3) New York, 4) Georgia, 5) Illinois, 6) Tennessee, 7) North Carolina, 8) South Carolina, 9) Michigan, 10) Pennsylvania

2015: 1) California, 2) Texas, 3) New York, 4) Georgia, 5) Illinois, 6) Ohio, 7) Pennsylvania, 8) North Carolina, 9) Michigan, 10) Tennessee

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 January 2016, 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.    Urban Honolulu, HI
5.    New York-Newark-Jersey City, NY-NJ-PA
6.    Orlando-Kissimmee-Sanford, FL
7.    Kahului-Wailuku-Lahaina, HI
8.    Naples-Immokalee-Marco Island, FL
9.    Tampa-St. Petersburg-Clearwater, FL
10.    Houston-The Woodlands-Sugar Land, TX

South Florida ranked as a top-five market for consumers in nine of the top-10 largest regions in the world in January 2016, according to Realtor.com:

● North America: 1. New York-Newark-Jersey City, NY-NJ-PA; 2. Chicago-Naperville-Elgin, IL-IN-WI; 3. Miami-Fort Lauderdale-West Palm Beach, FL; 4. Dallas-Fort Worth-Arlington, TX; 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. Dallas-Fort Worth-Arlington, TX
● Northern Europe: 1. Los Angeles-Long Beach-Anaheim, CA; 2. Orlando-Kissimmee-Sanford, FL; 3. Miami-Fort Lauderdale-West Palm Beach, FL; 4. New York-Newark-Jersey City, NY-NJ-PA; 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. Miami-Fort Lauderdale-West Palm Beach, FL; 5. Chicago-Naperville-Elgin, IL-IN-WI
● 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. Tampa-St. Petersburg-Clearwater, FL; 5. Cape Coral-Fort Myers, FL
● Caribbean: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 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, 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. Washington-Arlington-Alexandria, DC-VA-MD-WV
● Eastern Asia: 1. Los Angeles-Long Beach-Anaheim, CA; 2. New York-Newark-Jersey City, NY-NJ-PA; 3. Dallas-Fort Worth-Arlington, TX; 4. Washington-Arlington-Alexandria, DC-VA-MD-WV5. Chicago-Naperville-Elgin, IL-IN-WI
● Western Asia: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. New York-Newark-Jersey City, NY-NJ-PA; 3. Los Angeles-Long Beach-Anaheim, CA; 4. Houston-The Woodlands-Sugar Land, TX; 5. Chicago-Naperville-Elgin, IL-IN-WI
● 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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