Tuesday, January 31, 2023

Miami Realtors: Colombia Registers Most Online Searches; Puerto Rico at 10th Spot

By on February 22, 2016

SAN JUAN – Colombia topped all foreign countries searching online for South Florida real estate in December, according to new statistics from the Miami Association of Realtors. Colombia edged Brazil, and Puerto Rico rounded out the top-10 locations using the association’s search portal. Brazil has ranked as the top foreign nation using the website 17 of the previous 18 months.

Online real estate surfers from the Caribbean focused their searches, in descending order, on Florida’s Miami-Fort Lauderdale-West Palm Beach and Orlando-Kissimmee-Sanford markets, followed by the New York-Newark-Jersey City area; Tampa-St. Petersburg-Clearwater in western Florida; and the Atlanta-Sandy Springs-Roswell, Georgia market.

Colombian home buyers tied with Argentinians in purchasing the third-most Miami real estate among foreign countries, according to the 2015 Profile of International Home Buyers in Miami Association of Realtors Business Areas. Colombia registered 10 percent of all foreign Miami transactions, according to the survey conducted by Miami Realtors and the National Association of Realtors. Only Venezuelan (13 percent) and Brazil (12 percent) buyers purchased more.

Colombians moving to South Florida are often upper-middle-class families. They spend the second-most on South Florida property among foreign buyers. The $516,000 average purchase price of Colombians tied with Argentina and only trailed Brazil ($766,000), according to the 2015 survey.

Philippine and Spanish buyers increased their online interest in South Florida real estate in December. The Philippines’ fifth-place finish among the real estate site’s foreign visitors was the country’s highest-ever finish. Spain posted its highest appearance since it took sixth place in consecutive months in May 2013 and June 2013.

The top-10 countries visiting Miamire.com in December 2015:

  1.    Colombia                 
  2.    Brazil                 
  3.    Venezuela
  4.    Argentina                 
  5.    Philippines                         
  6.    India                 
  7.    Spain
  8.    Canada             
  9.    France         
  10.    Puerto Rico

The top-10 countries visiting Miamire.com in December 2014:

  1. Brazil                 
  2. Venezuela                 
  3. Colombia
  4. Canada                 
  5. Russia                         
  6. India             
  7. Argentina
  8. France             
  9. Greece
  10. United Kingdom

Texas finished as the top U.S. state searching South Florida real estate online in December 2015, ending a long Californian streak atop of the rankings. California had led Miami real estate online searches for 13 consecutive months, a streak dating back to November 2014.

This marks the first time Texan consumers had posted the most searches on Miamire.com.

The top-10 U.S. states searching Miamire.com in December:

2015: 1) Texas, 2) California, 3) New York, 4) Georgia, 5) Tennessee, 6) Illinois, 7) Michigan, 8) North Carolina, 9) South Carolina, 10) Pennsylvania

2014: 1) California, 2) Texas, 3) New York, 4) Illinois, 5) Georgia, 6) Ohio, 7) Tennessee, 8) Massachusetts, 9) Pennsylvania, 10) Michigan

The Miami-Fort Lauderdale-West Palm Beach market ranked as the top market in the world for international consumers searching for U.S. real estate in December 2015, according to Realtor.com.

The top-10 markets for overall international real estate demand:

  1.    Miami-Fort Lauderdale-West Palm Beach, FL
  2.    Los Angeles-Long Beach-Anaheim, CA
  3.    Bellingham, WA
  4.    New York-Newark-Jersey City, NY-NJ-PA
  5.    Urban Honolulu, HI
  6.    Orlando-Kissimmee-Sanford, FL
  7.    Kahului-Wailuku-Lahaina, HI
  8.    Naples-Immokalee-Marco Island, FL
  9.    Watertown-Fort Drum, NY
  10.    Tampa-St. Petersburg-Clearwater, FL

South Florida ranked as a top-five market for consumers in nine of the top-10 largest regions in the world in December 2015, according to Realtor.com:

  • 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. Miami-Fort Lauderdale-West Palm Beach, FL; 5. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
  • South America: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Orlando-Kissimmee-Sanford, FL; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Los Angeles-Long Beach-Anaheim, CA; 5. Tampa-St. Petersburg-Clearwater, FL
  • Northern Europe: 1. Los Angeles-Long Beach-Anaheim, CA; 2. New York-Newark-Jersey City, NY-NJ-PA; 3. Miami-Fort Lauderdale-West Palm Beach, FL; 4. Orlando-Kissimmee-Sanford, FL; 5. Tampa-St. Petersburg-Clearwater, FL
  • Australia and New Zealand: 1. Los Angeles-Long Beach-Anaheim, CA; 2. New York-Newark-Jersey City, NY-NJ-PA; 3. Dallas-Fort Worth-Arlington, TX; 4. Houston-The Woodlands-Sugar Land, TX; 5. Miami-Fort Lauderdale-West Palm Beach, FL
  • Western Europe: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Los Angeles-Long Beach-Anaheim, CA; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Washington-Arlington-Alexandria, DC-VA-MD-WV; 5. Cape Coral-Fort Myers, FL
  • Caribbean: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Orlando-Kissimmee-Sanford, FL; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Tampa-St. Petersburg-Clearwater, FL; 5. Atlanta-Sandy Springs-Roswell, GA
  • Southern Europe: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Los Angeles-Long Beach-Anaheim, CA; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Chicago-Naperville-Elgin, IL-IN-WI; 5. Tampa-St. Petersburg-Clearwater, FL
  • Eastern Asia: 1. Los Angeles-Long Beach-Anaheim, CA; 2. Dallas-Fort Worth-Arlington, TX; 3. New York-Newark-Jersey City, NY-NJ-PA; 4. Washington-Arlington-Alexandria, DC-VA-MD-WV; 5. Jacksonville, FL
  • Western Asia: 1. New York-Newark-Jersey City, NY-NJ-PA; 2. Miami-Fort Lauderdale-West Palm Beach, FL; 3. Los Angeles-Long Beach-Anaheim, CA; 4. Houston-The Woodlands-Sugar Land, TX; 5. Washington-Arlington-Alexandria, DC-VA-MD-WV
  • Eastern 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. Chicago-Naperville-Elgin, IL-IN-WI; 5. Orlando-Kissimmee-Sanford, FL

 

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