Colombia Again No. 1 Country Searching Miami Real Estate
About 138 countries searched MiamiRealtors.com, which has three consumer-facing property search portals, in December 2024. The top 10 includes countries from four continents: North America, South America, Europe and Asia.
Top 10 Countries Searching MiamiRealtors.com in December 2024:
Country Share of International Search
1. Colombia 14.4%
2. Russia 12.1%
3. Argentina 7.2%
4. India 6.6%
5. Venezuela 6.4%
6. Canada 5.8%
7. Spain 5.3%
8. Philippines 5.2%
9. United Kingdom 4.7%
10. Brazil 4.3%
All other countries 28%
Top Global Markets for South Florida Real Estate
Argentina purchased the most South Florida real estate among foreign countries in 2024, according to the 2024 Profile of International Home Buyers of the MIAMI Association of Realtors (MIAMI). Argentinian buyers purchased 18% of all international purchases in South Florida. Colombia (14%), Canada (8%), Brazil (6%) and Mexico (6%) rounded out the top 5, respectively. Access the report: https://bit.ly/25MiamiGlobalStudy
Florida is the top U.S. destination for foreign buyers (20% of all sales), according to NAR’s 2024 Profile of International transactions in U.S. Residential Real Estate. Florida has been the No. 1 state for foreign home buyers for the last 16 years.
About half of all international home sales (49%) in Florida are in Miami–Fort Lauderdale–West Palm Beach, according to the 2024 Florida Realtors’ annual Profile of International Residential Real Estate Activity in Florida.
One in five of all U.S. international home sales happen in Florida and one in two in Florida are in the Miami metro market.
South Florida secures 10% of all international home sales in the entire U.S. annually.
Miami remains a bargain for prime property ($1M and up) compared to other global cities, according to the 2024 Knight Frank Wealth Report. For $1M, homebuyers can purchase 60 square meters of prime property in Miami. That is almost four times more than Monaco (16 square meters), nearly two times more than New York (34) and London (33) and more than Paris, Sydney, Tokyo and more.
Top 10 International Cities Searching MiamiRealtors.com in December 2024
1. Bogota, Colombia
2. London, England
3. Buenos Aires, Argentina
4. Medellín, Colombia
5. Barquisimeto, Venezuela
6. Madrid, Spain
7. Santo Domingo, Dominican Republic
8. Toronto, Canada
9. Cali, Colombia
10. Mexico City, Mexico
Virginia No. 1 State Searching for Miami Real Estate
Virginia registered the most domestic Miami real estate web searches in December 2024.
New York was the top state for out-of-state buyers in the South Florida area, according to the 2023 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members. Access the report: https://bit.ly/2023MIAMIGlobalStudy
Top 10 U.S. States Searching MiamiRealtors.com in December 2024
1. Virginia
2. New York
3. California
4. Georgia
5. Ohio
6. Texas
7. Michigan
8. Washington
9. North Carolina
10. Iowa
Top 10 U.S. Cities Searching MiamiRealtors.com in December 2024
1. New York, NY
2. San Jose, CA
3. Des Moines, Iowa
4. Atlanta, GA
5. San Antonio, TX
6. Los Angeles, CA
7. Chicago, IL
8. Dallas, TX
9. Boston, MA
10. Houston, TX
About the MIAMI Association of Realtors®
The MIAMI Association of Realtors (MIAMI) was chartered by the National Association of Realtors in 1920 and is celebrating 105 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of six organizations: MIAMI RESIDENTIAL, MIAMI COMMERCIAL; BROWARD–MIAMI, a division of MIAMI Realtors; JTHS-MIAMI, a division of MIAMI Realtors in the Jupiter–Tequesta–Hobe Sound area; MIAMI YPN, our Young Professionals Network Council; and the award-winning MIAMI Global Council. MIAMI REALTORS represents 60,000 total 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 279 international organizations worldwide. MIAMI’s official website is http://www.MiamiRealtors.com
Media Contact
Chris Umpierre, MIAMI Association of REALTORS, 3054687047, [email protected], www.MiamiRealtors.com
SOURCE MIAMI Association of REALTORS
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