Colombia Continues to be Top Country Searching for Miami Homes

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Colombian consumers registered the most international web searches for Miami homes in May, according to a new report by the MIAMI Association of Realtors (MIAMI).

George C. Jalil, 2018 MIAMI Chairman of the Board

“Miami real estate continues to attract attention and demand from countries around the globe,” said George C. Jalil, a Miami broker and the 2018 MIAMI chairman of the board.

Colombian consumers registered the most international web searches for Miami homes in May, according to a new report by the MIAMI Association of Realtors (MIAMI). Colombia registered 10.2 percent of all international searches on MIAMI’s portal, http://www.MiamiRealtors.com, in May 2018. Colombia has led the rankings for six consecutive months.

“Miami real estate continues to attract attention and demand from countries around the globe,” said George C. Jalil, a Miami broker and the 2018 MIAMI chairman of the board.

Pakistan, located in South Asia and the fifth-most populous country in the world, had the fourth-most web searches for Miami real estate for the second consecutive month.

Top-10 countries Visiting MiamiRealtors.com in May 2018:
Country / Share of International Searches
1. Colombia / 10.2%
2. Venezuela / 8.0%
3. Argentina / 6.2%
4. Pakistan / 5.7%
5. Canada / 5.3%
6. India / 5.1%
7. Spain / 4.5%
8. Dominican Republic / 4.1%
9. Peru / 3.6%
10. Mexico / 3.3%

Colombia: A Top Market for South Florida Real Estate
Colombian home buyers tied with Canada in making the third-most international purchases in South Florida, according to the 2017 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Colombia had a 9 percent share of all international purchases in South Florida. Argentina (15 percent) and Venezuela (11 percent) had the most and second-most purchases, 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, last year 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 May 2018
1.    Bogotá, Colombia
2.    Karachi, Pakistan
3.    Capital District, Venezuela
4.    Buenos Aires, Argentina
5.    Ontario
6.    Antioquia, Colombia
7.    Lima
8.    Buenos Aires Province
9.    Quebec
10.    Carabobo, Venezuela

New York Tops States Looking for Miami Homes
California registered the most domestic Miami real estate web searches in May.

Top-10 U.S. States Visiting MiamiRealtors.com in May 2018
1. New York
2. California
3. North Carolina
4. Georgia
5. Texas
6. Virginia
7. Pennsylvania
8. Illinois
9. Tennessee
10. District of Columbia

Top-10 U.S. Cities Visiting MiamiRealtors.com in May 2018
1. New York City
2. Charlotte, NC
3. Atlanta
4. Ashburn, VA.
5. Concordville, PA
6. Washington, D.C.
7. San Francisco
8. Chicago
9. Houston
10. Los Angeles

South Florida: No. 1 Most-Searched U.S. Market by International Home Buyers
Miami-Fort Lauderdale-West Palm Beach ranked as the most searched U.S. market by international consumers, according to Realtor.com May 2018 data. South Florida has consistently ranked among the top-five U.S. markets for global real estate demand.

Top-10 U.S. Markets for International Real Estate Demand: May 2018
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.    El Centro, CA
8.    Kahului-Wailuku-Lahaina, HI
9.    Tampa-St. Petersburg-Clearwater, FL
10.    Houston-The Woodlands-Sugar Land, TX

Top-10 countries Driving International Demand in South Florida: May 2018
1.    Canada
2.    Brazil
3.    Colombia
4.    United Kingdom
5.    Argentina
6.    Germany
7.    Italy
8.    Spain
9.    France
10.    Mexico

South Florida ranked as a top-five market for consumers in five of the world’s six largest regions in May 2018. South Florida finished as South America’s most-searched U.S. market, collecting 30.18 percent of all international page views from South America.

  • North America: 1. Dallas (3.09% of all pages views in the region); 2. Chicago (2.99%); 3. Miami (2.61%); 4. Atlanta (2.17%); 5. Tampa (1.97%)
  • Northern Europe: 1. Los Angeles (9.73%); 2. Orlando (6.07%); 3. Miami (4.82%); 4. New York (4.75%); 5. Lakeland, FL (3.02%)
  • Western Europe: 1. Los Angeles (7.06%); 2. Miami (5.71%); 3. New York (3.75%); 4. Washington D.C. (2.82%); 5. Tampa, FL (2.79%)
  • Australia and New Zealand: 1. Los Angeles (12.98%); 2. New York (11.63%); 3. Chicago (2.34%); 4. Las Vegas (2.24%); 5. Houston (2.19%).
  • South America: 1. Miami-Fort Lauderdale-West Palm Beach, FL (26.52%); 2. Orlando (12.55%); 3. Los Angeles (5.18%); 4. New York (3.57%); 5. Tampa (2.44%)
  • Western Asia: 1. Los Angeles (7.26%); 2. Miami (5.78%); 3. New York (3.55%); 4. Chicago (3.45%); 5. Houston (3.11%)

About the MIAMI Association of REALTORS®
The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 98 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 46,000 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 178 international organizations worldwide. MIAMI’s official website is http://www.MiamiRealtors.com

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Lynda Fernandez

Chris Umpierre
Miami Association of Realtors
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