Spain moved from #7 to May 2024 at No. 2 in June 2024. In June 2024, MIAMI Real estate agents partner with the Spanish International Real Estate Alliance (SIRA) to organize the YPN World Congress in Valencia, SpainAttendees then attended Inmociónate 2024, the largest real estate event in the Spanish-speaking world, for a day and a half of education, networking and fun.
About 143 countries have searched MiamiRealtors.com, which has three consumer-facing property search portals. June 2024The top 10 includes countries from four continents: South America, Europe, North America And Asia.
Top 10 Countries Searching for MiamiRealtors.com June 2024:
Share of countries in international research
1. Colombia 10.8%
2. Spain 7.1%
3. Canada 6.5%
4. United Kingdom 5.7%
5. Argentina 5.4%
6. China 5.2%
7. Venezuela 5.1%
8. New Zealand 4.5%
9. India 4.4%
10. Philippines 4.4%
All other countries 40.9%
Top Global Markets for South Florida Real Estate
Colombia bought the most South Florida real estate among foreign countries in 2023, according to the 2023 Profile of International Home Buyers MIAMI Real Estate Agents Association (MIAMI) Members. Colombian buyers made 15% of all international purchases in South Florida. Argentina (14%), Brazil (7%), Venezuela (6%) and Canada (6%) complete the top 5, respectively. Access the report: https://bit.ly/2023MIAMIGlobalStudy
Florida is the top U.S. destination for foreign buyers (23% of all sales), according to NAR’s 2023 Profile of International Transactions in U.S. Residential Real Estate. Florida has been the number 1 state for foreign home buyers for 15 years.
More than half of all international home sales (47%) in Florida are in Miami–Fort Lauderdale–West Palm Beachaccording to Florida Realtors’ 2023 Annual Profile of International Residential Real Estate Activity in Florida.
One in five international home sales in the United States occur in Florida and one in two in Florida are in the Miami metro market. South Florida accounts for approximately 11% of all global U.S. home sales each year.
Miami remains a good deal for a prime property ($1M and more) compared to other cities in the world, according to the Knight Frank Wealth 2023 report. $1MHome buyers can purchase 64 square metres of prime property in Miami. This is almost four times more than Monaco (17 square meters), almost twice as much as new York (33) and London (34) and more Paris, Sydney, Tokyo and more.
Looking at all price ranges, South Florida is also a bargain compared to other global cities and U.S. metropolises, according to the NAR 2023 International Study. Miami–Fort Lauderdale–West Palm Beach the price per square meter is $3,170well below at least 30 global cities and more than 13 U.S. metros, including markets such as Hong Kong ($28,570), New York City ($17,191), San Francisco–Oakland–Hayward, California ($8,250), Madrid, Spain ($6,173), Los Angeles-Long Beach–Glendale, California ($4,740) And Seattle–Tacoma–Bellevue, Washington ($4,460).
Top 10 International Cities Searched for on MiamiRealtors.com June 2024
1. Bogota, Colombia
2. Madrid, Spain
3. London, England
4. Santo Domingo, Dominican Republic
5. Dublin, Ireland
6. Medellin, Colombia
7. Toronto, Canada
8. Caracas, Venezuela
9. Paris, France
10. Barquisimeto, Venezuela
Virginia is the #1 state for Miami real estate
Virginia recorded most domestically Miami real estate web searches June 2024.
new York was the state most frequented by out-of-state buyers South Florida area, according to the 2023 Profile of International Home Buyers MIAMI Real Estate Agents Association (MIAMI) Members. Access the report: https://bit.ly/2023MIAMIGlobalStudy
Top 10 US States Searching MiamiRealtors.com June 2024
1. Virginia
2. Georgia
3. new York
4. Ohio
5. North Carolina
6. Michigan
7. California
8. Indiana
9. Texas
ten. Pennsylvania
Top 10 U.S. Cities Searched for on MiamiRealtors.com June 2024
1. New York, New York State
2. Atlanta, Georgia
3. Washington, DC
4. San Antonio, Texas
5. Los Angeles, California
6. Columbus, Ohio
7. Philadelphia, Pennsylvania
8. Greenville, South Carolina
9. Boston, Massachusetts
10. Houston, Texas
About MIAMI Association of Real Estate Agents®
THE MIAMI Real Estate Agents Association (MIAMI) was licensed by the National Association of Realtors in 1920 and celebrates 104 years of service to real estate agents, the buying and selling public, and the communities of South Florida. Composed of six organizations: MIAMI RESIDENTIAL, MIAMI COMMERCIAL; BROWARD–MIAMIa division of MIAMI Real Estate Agents; JTHS-MIAMIa division of MIAMI Real estate agents in the Jupiter–Tequesta–Hobe Strait area; MIAMI YPN, our Young Professionals Network Council; and the award-winning network MIAMI World Council. MIAMI REALTORS® represents 60,000 real estate professionals in all areas of real estate sales, marketing and brokerage. It is the largest local association of real estate brokers in the United States and maintains formal partnerships with 260 international organizations worldwide. MIAMI the official website is http://www.MiamiRealtors.com
Media Contact
Chris the referee, MIAMI Real Estate Agents Association, 3054687047, (protected email), www.MiamiRealtors.com
SOURCE MIAMI Real Estate Agents Association
