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Colombia Leads Countries Looking for Miami Homes in January

by | Mar 13, 2018
Colombian consumers registered the most international web searches for Miami homes in January, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida remains the most-searched U.S. market by international consumers and a top-five market for homebuyers in the world’s six largest regions, according to January data.

South Florida is Top-5 Market for Homebuyers in World’s Six Largest Regions

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MIAMI — Colombian consumers registered the most international web searches for Miami homes in January, according to a new report by the MIAMI Association of REALTORS® (MIAMI). South Florida remains the most-searched U.S. market by international consumers and a top-five market for homebuyers in the world’s six largest regions, according to January data.
                        
Colombia registered 12.6 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in January 2018.

“The world’s love for Miami goes beyond our beautiful beaches and weather,” said George C. Jalil, a Miami broker and the 2018 MIAMI chairman of the board. “South Florida is the most-searched U.S. market because we are home to a welcoming, diverse and multilingual population. South Florida boasts incredible cultural institutions and is the financial epicenter for the southern hemisphere.”

Top-10 countries Visiting MiamiRealtors.com in January 2018:
Country / Share of International Searches

  1. Colombia / 12.6%
  2. Venezuela / 9.5%
  3. Canada / 7.0%
  4. Brazil / 5.8%
  5. Argentina / 5.0%
  6. India / 4.1%
  7. Peru / 3.9%
  8. Spain / 3.2%
  9. Philippines / 3.1%
  10. Dominican Republic / 2.7%

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 January 2018

  1. Bogotá, Colombia
  2. Ontario, Canada
  3. Capital District, Venezuela
  4. Buenos Aires, Argentina
  5. Sao Paolo, Brazil
  6. Antioquia, Colombia
  7. Buenos Aires Provence
  8. Carabobo, Venezuela
  9. Lima, Peru
  10. Madrid, Spain

Texas Tops States Looking for Miami Homes
Texas, the second most populous U.S. state, registered the most domestic Miami real estate web searches in January.

Top-10 U.S. States Visiting MiamiRealtors.com in January 2018

  1. Texas
  2. North Carolina
  3. California
  4. New York
  5. Georgia
  6. Virginia
  7. Illinois
  8. New Jersey
  9. Michigan
  10. Tennessee

South Florida Continues as Most Searched U.S. Market by International Home Buyers
Miami-Fort Lauderdale-West Palm Beach remains the most searched U.S. market by international consumers, according to Realtor.com January 2018 data. South Florida has consistently ranked among the top-two U.S. markets for global real estate demand.

Top-10 U.S. Markets for International Real Estate Demand: January 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. Kahului-Wailuku-Lahaina, HI
  7. Urban Honolulu, HI
  8. Phoenix-Mesa-Scottsdale, AZ
  9. Tampa-St. Petersburg-Clearwater, FL
  10. Naples-Immokalee-Marco Island, FL

Top-10 countries Driving International Demand in South Florida: January 2018

  1. Canada
  2. Brazil
  3. United Kingdom
  4. Argentina
  5. Colombia
  6. Germany
  7. Mexico
  8. Spain
  9. Jamaica
  10. Dominican Republic

South Florida ranked as a top-five market for consumers in the world’s six largest regions in January 2018. South Florida finished as South America’s most-searched U.S. market, collecting 24.85 percent of all international page views from South America. Miami’s share of page views from South America is the largest share for any region by any U.S. market.

  • North America: 1. New York-Newark-Jersey City, NY-NJ-PA (4.52% of all page views in the region); 2. Miami-Fort Lauderdale-West Palm Beach, FL (3.22%); 3. Chicago-Naperville-Elgin, IL-IN-WI (3.19%); 4. Dallas-Fort Worth-Arlington, TX (3.13%); 5. Atlanta (2.46%)
  • Northern Europe: 1. Los Angeles (10.11%); 2. New York (9.41%); 3. Orlando (5.97%); 4. Miami-Fort Lauderdale-West Palm Beach, FL (5.76%); 5. Lakeland (2.94%)
  • Western Europe: 1. Los Angeles (7.17%; 2. New York (6.76%); 3. Miami-Fort Lauderdale-West Palm Beach, FL (6.13%); 4. Dallas (3.25%), 5. Tampa (2.91%)
  • Australia and New Zealand: 1. New York (1.79%); 2. Chicago (2.71%); 3. Miami-Fort Lauderdale-West Palm Beach, FL (2.60%); 4. Dallas (2.54%); 5. Houston (2.31%).
  • South America: 1. Miami-Fort Lauderdale-West Palm Beach, FL (24.85%); 2. Orlando (12.85%); 3. New York (8.53%); 4. Los Angeles (5.64%); 5. Tampa (2.18%)
  • Western Asia: 1. New York-Newark-Jersey City, NY-NJ-PA (7.60%); 2. Miami-Fort Lauderdale-West Palm Beach, FL (6.59%); 3. Los Angeles (6.29%); 4. Houston (3.77%); 5. Washington D.C. (3.42%).

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