What are the Top Countries and Cities Searching for Miami Real Estate?

Miami and the barrier islands are so much more than just sun and pretty beaches these days; Miami is an ever-evolving, trend-setting city that has truly become a top destination city on the global stage. So, why wouldn’t people from all around the world want to have a home in South Florida, whether it is their first, second, third, etc.?

Who is interested in buying property South Florida? According to the Miami Association of Realtors, which is the nation’s largest Realtor board and a primary source for statistical data regarding the South Florida real estate market, Columbia has been this summer’s top foreign country searching for South Florida real estate (just click site here). This should not be a surprise since last year during the same time period, Columbia was a close second just behind Brazil for the top foreign countries searching for South Florida real estate. Additionally, Columbia has led the Miami Association of Realtors rankings for 4 consecutive months and 14 of the last 19 months. Closely following Columbia at second and third was Canada and Brazil. With respect to the top international cities, Bogotá tops the list, with Ontario closely following in second.

Top 10 Countries Searching for Miami Real Estate in June 2017*

#1 Columbia
#2 Canada
#3 Brazil
#4 Venezuela
#5 Argentina
#6 France
#7 Spain
#8 India
#9 Philippines
#10 Ecuador

Top 10 International Cities Searching for Miami Real Estate in June 2017*

#1 Bogotá, Colombia
#2 Ontario, Canada
#3 Buenos Aires, Argentina
#4 Capital District, Venezuela
#5 State of Para, Brazil
#6 State of Sao Paolo, Brazil
#7 Antioquia, Colombia and Quebec, Canada (tied)
#8 Ile-de-France
#9 Buenos Aires Province, Argentina
#10 Madrid, Spain

With respect to domestic cities in the U.S. searching for South Florida real estate, it should be no surprise that New York City tops the list. For quite some time, New York City residents have seen Miami to be a great, quick relaxing getaway and many have planted roots here, whether for business or pure pleasure…many New Yorkers call Miami the “sixth borough” of New York.

Top 10 U.S. Cities Searching for Miami Real Estate in June 2017*

#1 New York City
#2 Charlotte, NC
#3 Little Rock, AK
#4 Atlanta, GA
#5 Houston, TX
#6 District of Columbia
#7 Chicago, IL
#8 Los Angeles, CA
#9 Ashburn, VA
#10 Dallas, TX

If you, or someone you know, are interested in buying real estate in South Florida, or simply would like more information about the current state of the market, please contact Michael Light, Founder/Owner of the Miami Luxury Homes Group at Douglas Elliman Real Estate. You may reach Michael on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.

Disclaimer: The statistical data referenced herein was obtained from the Miami Association of Realtors website, and is only to be used for informational purposes; and thus, should not be relied upon. Additionally, these stats were collected from the month of June, 2017.

*via MiamiRE.com