Colombia Tops Miami Real Estate Searches for Seventh Consecutive Month

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Colombian consumers have posted the most global Miami real estate searches for seven consecutive months, according to a new report by the MIAMI Association of REALTORS® (MIAMI).

Christopher Zoller, 2017 Chairman of the Board, MIAMI Association of REALTORS

Miami real estate continues to be a top destination for consumers in Latin America but all over the world

Colombian consumers have posted the most global Miami real estate searches for seven consecutive months, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida, a top destination for international home buyers, finished as the second-most searched U.S. market by Realtor.com international consumers in September 2017.

Colombia registered 11.4 percent of all international searches on MIAMI’s portal, http://www.MiamiRealtors.com, in September 2017. Colombia has led the MIAMI property search rankings for seven consecutive months and 17 of the last 22 months.

Miami real estate continues to be a top destination for consumers in Latin America but all over the world,” said Coral Gables Realtor Christopher Zoller, the 2017 MIAMI chairman of the board. “Canada, Ukraine, Spain, Italy, India and the Philippines rank among the top-10 foreign countries searching for Miami real estate.”

Top-10 countries visiting MiamiRealtors.com in September 2017:
Country                Share of International Searches
1.    Colombia                             11.4%
2.    Canada                                10.4%
3.    Ukraine                                 5.5%
4.    Venezuela                             5.2%
5.    Spain                                     4.7%
6.    Brazil                                     4.3%
7.    Italy                                     4.3%
8.    India                                     4.3%
9.    Argentina                             3.8%
10. Philippines                             3.0%

Colombia: A Top Market for South Florida Real Estate
Colombian home buyers tied with Brazil in making the third-most international purchases in South Florida, according to the 2016 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Colombia had a 10 percent share of all international purchases in South Florida. Venezuela (15 percent) and Argentina (11 percent) finished first and second, respectively.

MIAMI again promoted its members, South Florida’s lifestyle and real estate market at Colombia’s largest property showcase, El XII Gran Salón Inmobiliario – Feria Internacional, on Aug. 24-27, 2017 in Bogotá, Colombia. MIAMI made a South Florida market presentation at the 12th annual expo, which attracted 30,000 visitors and 200 exhibitors.

Top-10 International Cities Visiting MiamiRealtors.com in September 2017
1.    Ontario, Canada
2.    Bogotá, Colombia
3.    Kyiv City, Ukraine
4.    Capital District, Venezuela
5.    Buenos Aires, Argentina
6.    Sao Paolo, Brazil
7.    Antioquia, Colombia
8.    Quebec, Canada
9.    Madrid, Spain
10.    Milan

North Carolina Tops Miami Real Estate Searches for First-Time Ever
North Carolina registered the most domestic Miami web searches for the first time since MIAMI began tabulating the statistics in May 2013. North Carolina had the most searches for Miami real estate in September 2017, its highest finish ever. It previously peaked at No. 3 in August 2017.

The top-10 U.S. states searching MiamiRealtors.com in September:
2017: 1) North Carolina, 2) New York, 3) California, 4) Georgia, 5) Texas, 6) Illinois, 7) Virginia, 8) New Jersey, 9) Massachusetts, 10) Tennessee

Top-10 U.S. Cities Visiting MiamiRealtors.com in September 2017
1.    Charlotte, NC
2.    New York City
3.    Atlanta
4.    Chicago
5.    Los Angeles
6.    Houston
7.    Dallas
8.    Auburn, VA
9.    Boston
10.    Simi Valley, CA

South Florida is Second-Most Searched U.S. Market by International Clients
Miami-Fort Lauderdale-West Palm Beach is the second-most searched U.S. market by international consumers, according to Realtor.com September 2017 data. South Florida has ranked among the top-two U.S. markets for global demand for years.

Top-10 U.S. markets for international real estate demand: September 2017
1.    Los Angeles-Long Beach-Anaheim, CA
2.    Miami-Fort Lauderdale-West Palm Beach
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.    Phoenix-Mesa-Scottsdale, AZ
10.    Las Vegas-Henderson-Paradise, NV

Top-10 countries driving international demand in South Florida: September 2017
1.    Canada
2.    Brazil
3.    Argentina
4.    United Kingdom
5.    Colombia
6.    Germany
7.    France
8.    Spain
9.    Italy
10.    Mexico

South Florida ranked as a top-five market for consumers in five of the world’s six largest regions in September 2017. South Florida finished as South America’s most-searched U.S. market.

● 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. Los Angeles; 5. Miami-Fort Lauderdale-West Palm Beach, FL
● Northern Europe: 1. New York-Newark-Jersey City, NY-NJ-PA; 2. Los Angeles-Long Beach-Anaheim, CA; 3. Orlando-Kissimmee-Sanford, FL; 4. Miami-Fort Lauderdale-West Palm Beach, FL; 5. Lakeland, FL
● Western 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. Dallas; 5. Tampa
● Australia and New Zealand: 1. Los Angeles-Long Beach-Anaheim, CA; 2. New York-Newark-Jersey City, NY-NJ-PA; 3. Dallas; 4. Nashville, TN; 5. San Francisco
● South America: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Orlando-Kissimmee-Sanford, FL; 3. Los Angeles; 4. New York-Newark-Jersey City, NY-NJ-PA; 5. Tampa, FL
● Western Asia: 1. New York-Newark-Jersey City, NY-NJ-PA; 2. Los Angeles; 3. Miami-Fort Lauderdale-West Palm Beach, FL; 4. Washington, D.C.; 5. Dallas

About the MIAMI Association of REALTORS®
The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 97 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-MIAMI) Council, the Young Professionals Network (YPN) Council and the award-winning International Council, it represents 45,000 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 166 international organizations worldwide. MIAMI’s official website is http://www.MiamiRealtors.com

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