Colombia Continues to be Top Country Searching for Miami Homes

Share Article

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

George C. Jalil, MIAMI Chairman of the Board

“Miami is a welcoming city for people from all over the world and we see it in our monthly real estate search statistics,” 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 June, according to a new report by the MIAMI Association of Realtors (MIAMI). Colombia registered 12 percent of all international searches on MIAMI’s portal, http://www.MiamiRealtors.com, in June 2018. Colombia has led the rankings for seven consecutive months.

“Miami is a welcoming city for people from all over the world and we see it in our monthly real estate search statistics,” said George C. Jalil, a Miami broker and the 2018 MIAMI chairman of the board. “South America is in love with Miami, but so is Pakistan, Spain and other countries.”

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 June 2018:
Country / Share of International Searches
1. Colombia / 12.0%
2. India / 6.2%
3. Venezuela / 6.0%
4. Spain / 5.9%
5. Canada / 5.5%
6. Argentina / 5.2%
7. Pakistan / 4.4%
8. France / 4.1%
9. Brazil / 3.8%
10. Mexico / 3.4%

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, on Aug. 9-12, 2018 in Bogotá, Colombia. MIAMI made a South Florida market presentation at the 13th annual expo, which attracted 30,000 visitors and 200 exhibitors.

Top-10 International Cities Visiting MiamiRealtors.com in June 2018
City / Share of International Searches
1. Bogotá, Colombia / 4.5%
2. Karachi, Pakistan / 3.0%
3. Antioquia, Colombia / 2.9%
4. Quebec, Canada / 2.5%
5. Ile-de-France / 2.4%
6. Capital District, Venezuela / 2.4%
7. Buenos Aires, Argentina / 2.2%
8. Buenos Aires Province, Argentina / 2.0%
9. Madrid, Spain / 1.8%
10. State of Sao Paolo, Brazil /1.6%

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

Top-10 U.S. States Visiting MiamiRealtors.com in June 2018
1. New York
2. California
3. Texas
4. North Carolina
5. Virginia
6. Georgia
7. Illinois
8. Oregon
9. New Jersey
10. Tennessee

Top-10 U.S. Cities Visiting MiamiRealtors.com in June 2018
City / Share of Domestic Searches
1. New York City / 12.8%
2. Charlotte, NC / 5.2%
3. Atlanta, GA / 3.5%
4. Ashburn, VA / 3.5%
5. Boardman, Oregon / 3.2%
6. Los Angeles, CA / 2.5%
7. Houston, TX / 2.4%
8. Chicago, IL / 2.3%
9. Dallas, TX / 1.5%
10. Austin, TX /1.2%

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 June 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: June 2018
1.    Miami-Fort Lauderdale-West Palm Beach
2.    Los Angeles-Long Beach-Anaheim, CA
3.    Bellingham, WA
4.    Santa Cruz- Watsonville, CA
5.    Orlando-Kissimmee-Sanford, FL
6.    New York-Newark-Jersey City, NY-NJ-PA
7.    Kahului-Wailuku-Lahaina, HI
8.    Urban Honolulu, HI
9.    Houston-The Woodlands-Sugar Land, TX
10.    El Centro, CA

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

South Florida ranked as a top-five market for consumers in five of the world’s six largest regions in June 2018. South Florida finished as South America’s most-searched U.S. market, collecting 26.73 percent of all international page views from South America.

● North America: 1. Dallas (4.05% of all pages views in the region); 2. Chicago (3.82%); 3. Miami-Fort Lauderdale-West Palm Beach, FL (3.12%); 4. Atlanta (2.77%); 5. New York (2.44%)
● Northern Europe: 1. Los Angeles (8.89%); 2. Orlando (8.28%); 3. Miami-Fort Lauderdale-West Palm Beach, FL (5.72%); 4. New York (5.36%); 5. Tampa (3.14%)
● Western Europe: 1. Miami-Fort Lauderdale-West Palm Beach, FL (7.24%); 2. Los Angeles (6.88%); 3. New York (3.8%); 4. Tampa (2.79%); 5. Cape Coral, FL (2.65%)
● Australia and New Zealand: 1. Los Angeles (16.07%); 2. New York (11.87%); 3. Dallas (3.34%); 4. Chicago (3.07%); 5. San Francisco (2.73%).
● South America: 1. Miami-Fort Lauderdale-West Palm Beach, FL (26.73%); 2. Orlando (13.55%); 3. Los Angeles (6.29%); 4. New York (4.21%); 5. Tampa (2.68%)
● Western Asia: 1. Miami-Fort Lauderdale-West Palm Beach, FL (7.17%); 2. Los Angles (5.21%); 3. New York (4.26%); 4. Houston (4.07%); 5. Chicago (3.62%)

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

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Lynda Fernandez

Chris Umpierre
Miami Association of Realtors
Like >
Visit website