Canada is the most-active country searching Miami real estate, according to new data from the MIAMI Association of REALTORS® (MIAMI). Canada registered the most South Florida property searches among all countries on MIAMI’s portal, www.Miamire.com, in January 2017.
It’s the second time Canada has posted the most searches (the first occurred in October) since MIAMI began tabulating the monthly rankings in May 2013. Brazil and Colombia finished second and third, respectively. Russia, which led the rankings in November and December, fell to No. 29. Turkey — a global European-Asian hub connected to Miami via nonstop Turkish Airlines flights — entered the Top-10 for the first time (No. 7.)
“Canadians love South Florida real estate and it’s not just because of our warm weather,” said Christopher Zoller, the 2017 MIAMI chairman of the board. “Yachting, boating, brand-name shopping and incredible beaches lead Canadians to purchase primary or secondary homes in South Florida.”
The top-10 countries visiting Miamire.com in January 2017:
1. Canada
2. Brazil
3. Colombia
4. Venezuela
5. Argentina
6. India
7. Turkey
8. Philippines
9. Spain
10. France
The top-10 countries visiting Miamire.com in January 2016:
1. Colombia
2. Brazil
3. Venezuela
4. Argentina
5. Philippines
6. Canada
7. India
8. United Kingdom
9. Puerto Rico
10. France
Canada: A Top Market for South Florida Real Estate
Canadian clients purchase the fourth-most South Florida real estate among all international consumers, according to the 2016 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Canadians had a 6 percent share of all international purchases in South Florida. Venezuela (15 percent), Argentina (11 percent) and Brazil and Colombia (each at 10 percent) finished ahead of Canada.
Canadian consumers had the second-highest average purchase price ($646,000) among South Florida international clients, according to the 2016 MIAMI report. Brazil had the highest ($775,000).
Canada was the top country purchasing residential property in Palm Beach County (30 percent of all foreign purchases) and Martin County (21 percent of all international purchases).
New York Leads All States in Miami Real Estate Searches
New York registered the most domestic Miami web searches in January 2017. New York has led the domestic rankings in eight of the last nine months.
The top-10 U.S. states searching Miamire.com in January
2017: 1) New York, 2) Georgia, 3) California, 4) Texas, 5) Illinois, 6) New Mexico, 7) New Jersey, 8) Massachusetts, 9) Virginia, 10) District of Columbia
2016: 1) California, 2) Texas, 3) New York, 4) Georgia, 5) Illinois, 6) Tennessee, 7) North Carolina, 8) South Carolina, 9) Michigan, 10) Pennsylvania
South Florida is the Most Searched U.S. Market by International Consumers
Miami-Fort Lauderdale-West Palm Beach finished as the No. 1 U.S. market for international consumers in January, according to Realtor.com. Miami has ranked No. 1 in 12 of the last 14 months.
The top-10 U.S. markets for international real estate demand:
1.Miami-Fort Lauderdale-West Palm Beach, FL
2.Los Angeles-Long Beach-Anaheim, CA
3.Bellingham, WA
4.Kahului-Wailuku-Lahaina, HI
5.New York-Newark-Jersey City, NY-NJ-PA
6.Urban Honolulu, HI
7.Orlando-Kissimmee-Sanford, FL
8.Tampa-St. Petersburg-Clearwater, FL
9.Phoenix-Mesa-Scottsdale, AZ
10.Houston-The Woodlands-Sugar Land, TX
South Florida ranked as a top-five market for consumers in each of the world’s ten-largest regions in January 2017. South Florida finished as the most-searched market in five regions: Caribbean, Eastern Asia, South America, Southern Europe and Western Asia.
- North America: 1. New York-Newark-Jersey City, NY-NJ-PA; 2. Chicago-Naperville-Elgin, IL-IN-WI; 3. Miami-Fort Lauderdale-West Palm Beach, FL; 4. Philadelphia-Camden- Wilmington, PA-NJ-DE-MD; 5. Dallas-Fort Worth-Arlington, TX
- South America: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Orlando-Kissimmee-Sanford, FL; 3. Los Angeles-Long Beach-Anaheim, CA; 4. New York-Newark-Jersey City, NY-NJ-PA; 5. Atlanta-Sandy Springs-Roswell, GA
- 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. Miami-Fort Lauderdale-West Palm Beach, FL; 4. Las Vegas-Henderson-Paradise, NV; 5. San Francisco-Oakland-Hayward, CA
- Western 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. Washington-Arlington- Alexandria, DC-VA-MD-WV; 5. San Antonio-New Braunfels, TX
- 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. New York-Newark-Jersey City, NY-NJ-PA; 3. Los Angeles-Long Beach-Anaheim, CA; 4. Tampa-St. Petersburg-Clearwater, FL; 5. Chicago-Naperville-Elgin, IL-IN-WI
- Eastern Asia: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. Washington-Arlington- Alexandria, DC-VA-MD-WV; 3. Dallas-Fort Worth-Arlington, TX; 4. New York-Newark-Jersey City, NY-NJ-PA; 5. Atlanta-Sandy Springs-Roswell, GA
- Western Asia: 1. Miami-Fort Lauderdale-West Palm Beach, FL; 2. New York-Newark-Jersey City, NY-NJ-PA; 3. Los Angeles-Long Beach-Anaheim, CA; 4. Washington-Arlington- Alexandria, DC-VA-MD-WV; 5. Chicago-Naperville-Elgin, IL-IN-WI
- 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. Tampa-St. Petersburg-Clearwater, FL
About the MIAMI Association of REALTORS®
The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 97 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 161 international organizations worldwide. MIAMI’s official website is www.miamire.com
