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Colombia Continues to be Top Country Searching for Miami Homes

by | Jul 09, 2018
Colombian consumers registered the most international web searches for Miami homes in March, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia registered 11.9 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in March 2018. Colombia has led the rankings for four consecutive months.

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MIAMI — Colombian consumers registered the most international web searches for Miami homes in March, according to a new report by the MIAMI Association of REALTORS® (MIAMI). Colombia registered 11.9 percent of all international searches on MIAMI’s portal, www.MiamiRealtors.com, in March 2018. Colombia has led the rankings for four consecutive months.

“The diversification of countries searching for Miami homes shows the power of the Miami brand and lifestyle,” said George C. Jalil, a Miami broker and the 2018 MIAMI chairman of the board.

February-2018-property-search-NR-3-22-18

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

  1. Colombia / 11.9%
  2. Venezuela / 9.9%
  3. Canada / 8.5%
  4. Argentina / 5.4%
  5. Brazil / 5.1%
  6. Dominican Republic / 4.3%
  7. India / 4.2%
  8. Peru / 3.3%
  9. Philippines / 3.0%
  10. Spain / 2.9%

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 March 2018

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

Texas Tops States Looking for Miami Homes
Texas registered the most domestic Miami real estate web searches in March.

Top-10 U.S. States Visiting MiamiRealtors.com in March 2018
State / Share of International Searches

  1. Texas / 18.4%
  2. California/ 12.9%
  3. New York / 8.6%
  4. North Carolina / 7.9%
  5. Georgia / 6.9%
  6. Wisconsin / 6.2%
  7. Virginia / 4.3%
  8. Illinois / 3.3%
  9. New Jersey / 2.4%
  10. Tennessee / 1.7%

South Florida: No. 4 Most-Searched U.S. Market by International Home Buyers
Miami-Fort Lauderdale-West Palm Beach ranked as the fourth-most searched U.S. market by international consumers, according to Realtor.com March 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: March 2018

  1. Los Angeles-Long Beach-Anaheim, CA
  2. Detroit-Warren-Dearborn, MI
  3. Bellingham, WA
  4. Miami-Fort Lauderdale-West Palm Beach
  5. New York-Newark-Jersey City, NY-NJ-PA
  6. Kahului-Wailuku-Lahaina, HI
  7. Orlando-Kissimmee-Sanford, FL
  8. Phoenix-Mesa-Scottsdale, AZ
  9. Urban Honolulu, HI
  10. Riverside-San Bernardino-Ontario, CA

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

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

South Florida ranked as a top-five market for consumers in five of the world’s six largest regions in March 2018. South Florida finished as South America’s most-searched U.S. market, collecting 25.02 percent of all international page views from South America.

  • North America: 1. Chicago (3.84% of all pages views in the region); 2. Dallas (3.34%); 3. Miami (2.85%); 4. Atlanta (2.59%); 5. Los Angeles (2.40%).
  • Northern Europe: 1. Detroit (22.80%); 2. Los Angeles (10.08%); 3. New York (5.55%); 4. Orlando (4.17%); 5. Miami (3.95%).
  • Western Europe: 1. Los Angeles (8.22%); 2. Detroit (7.19%); 3. Miami (5.17%); 4. New York (4.81%); 5. Dallas (2.85%).
  • Australia and New Zealand: 1. Detroit (26.38%); 2. Los Angeles (13.93%); 3. New York (8.33%); 4. Dallas (2.46%); 5. Chicago (1.89%).
  • South America: 1. Miami-Fort Lauderdale-West Palm Beach, FL (25.02%); 2. Orlando (11.54%); 3. Los Angeles (7.16%); 4. New York (3.25%); 5. Tampa (2.43%).
  • Western Asia: 1. Los Angeles (7.07%); 2. Miami (4.80%); 3. New York (4.65%); 4. Washington D.C. (4.62%); 5. Detroit (4.05%).

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