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December 2015 Miami and Broward Real Estate Market Report Maria Medina Your Realtor 3059053370

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This summary is based on the December 2015 report issued by Miami Association of Realtors. For a home market value, feel free to contact Maria Medina Your Realtor at 305-905-3370

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December 2015 Miami and Broward Real Estate Market Report Maria Medina Your Realtor 3059053370

  1. 1. Who’s  Buying   South  Florida   Real  Estate?   Copyright  2015  Miami  AssociaBon  of  Realtors  
  2. 2. Market Update and New International Reports
  3. 3.  5  Record-­‐Breaking  Years     Highest  Number  of  Sales:  2011  –  2012  –  2013  –  2014  -­‐  2015   5  Record  years  for  single  family       2015  Another  Record  Year!   _______________     Prices  are  sBll  at  2004  Levels  
  4. 4. Single  Family   Median  $279,000   +9.4%     Condos   $207,400   +6.4%     %  Increase  over  1  year  ago   Miami-­‐Dade  December  2015   Sales  Prices     Condominium  Sale  Prices   54  Months  of  increases     Single-­‐Family  Sale  Prices   49  Months  of  increases     Prices  s(ll  equal  to     12  years  ago  -­‐  2004  
  5. 5. Single Family Median $305,000 +7.0% Condos $131,000 -0.4% % Increase over 1 year ago Broward December 2015 Sales Prices Prices also increasing consistently since 2011 Prices still equal to 12 years ago - 2004
  6. 6. Miami-Dade Sales Prices Peak 2007 $380,000 for SF $272,000 for Condos Bottom 2011 ------------- December 2015 $279,000 SF $207,400 Condos = 2004 Prices Median Sales Prices ....,OIlO.00 $350.000.00 $3OO,OIlO.OO $250,000.00 $2OO,OIlO.OO $150,000.00 $100.000.00 "",OIlO.00 IIlOO ffonI Bonom In 2011 Prtc:es Haw mnasM • 66'lIo for SI..__lIm1t' __ S1n,700 . $113,100 cOIIdos ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ! -"-"'1IytIoma .--._-_..-.-- _ _ _ 111~
  7. 7. r $400,000.00 $350,000.00 $300,000.00 $250,000.00 $200,000.00 $150,000.00 $100,000.00 $50,000.00 $0.00 r " MIAMI• • • ~1 " 0-;: Broward Annual Median Sale Prices - -Single-Family - -Condos
  8. 8. Miami-Dade Active Listing Inventory 43,000 in August 2008 18,645 in Dec. 2015 Months of Inventory SF = 5.2 months Condos = 9.5 months
  9. 9. Broward Real Estate Market is Strong … % of List Price Days on Market (LP) (DOM) Single Family 94.8% LP 38 DOM Condos 92.9% LP 47 DOM
  10. 10. Cash Sales National 24% Cash Sales Miami has double the % of cash sales Miami Apx. 48.7% Cash Sales 33.8% Single Family 62.4% Condos _____________ New Construction 90%
  11. 11. Cash Sales National 24% Cash Sales Miami has double the % of cash sales Broward Apx. 48.5% Cash Sales 30.4% Single Family 67.6% Condos (higher than in Dade) _____________ New Construction 90%
  12. 12. Traditional Sales Increasing Over Distressed Sales Broward December 2015 79% Traditional 21% Distressed 4% Short Sales 17% Foreclosures U.S. November 2015 91% Traditional 9% Distressed
  13. 13. Pre-construction Condos Miami-Dade Peter Zalewski & Cranespotters.com •  Completed  since  the  start  of  2011:  38  TOWERS  WITH  690   FLOORS  AND  3,639  UNITS     •  Under  ConstrucBon:  74  TOWERS  WITH  1,599  FLOORS  AND   10,148  UNITS   •  Approximately  70%  Sold  
  14. 14. Official Sout h Florida Preconst ruction Condo Source: CraneSpotters.com Market Towers Floors Units Share Of Sout h Florida Units Sout h Florida 416 642 100.0% 137 992 40.3% Planned (Approved) 95 2,089 12,774 25.7% 127 2,000 12,569 25.3% 57 835 07 8.7% Rank Market Towers Floors Unit s Share Of Sout h Florida Units Sout h Florida 416 7,592 49,642 100.0% 1 259 73.2% 2 Broward Cou 95 18.2% 3 Palm Beach County 62 797 4,272 8.6% Rank Market Towers Floors Unit s Share Of Sout h Florida Units Sout h Florida 416 100.0% 1 Great er Downtown Miami 79 46.4% 2 Hollywood / Hallandale Beach 24 4,480 9.0% 3 Fort Lauderdale 50 484 3,286 6.6% 4 Sun 6.4%
  15. 15. Who’s looking at Miami properties…
  16. 16.   Indicators  of  Future/ PotenBal  Business      
  17. 17. 1.  Miami-­‐Fort  Lauderdale-­‐West  Palm  Beach,  FL   2.  Los  Angeles-­‐Long  Beach-­‐Anaheim,  CA   3.  Orlando-­‐Kissimmee-­‐Sanford,  FL   4.  Bellingham,  WA   5.  Urban  Honolulu,  HI   6.  New  York-­‐Newark-­‐Jersey  City,  NY-­‐NJ-­‐P   7.  Naples-­‐Immokalee-­‐Marco  Island,  FL   8.  Tampa-­‐St.  Petersburg-­‐Clearwater,  FL   9.  Kahului-­‐Wailuku-­‐Lahaina,  HI   10.  Cape  Coral-­‐Fort  Myers,  FL   Top  10  U.S.  Metro   Areas  Searched  by   InternaBonal   Buyers     November  2015      
  18. 18. Top   Interna[onal   Searches  on     Realtor.  com   Interna[onal     10  of  13   Regions  Chose     S.  Florida   •  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   •  Caribbean:  1.  Miami-­‐Fort  Lauderdale-­‐West  Palm  Beach,  FL,  2.  Orlando-­‐Kissimmee-­‐Sanford,  FL,  3.  New  York-­‐Newark-­‐Jersey   City,  NY-­‐NJ-­‐PA,  4.  Atlanta-­‐Sandy  Springs-­‐Roswell,  GA,  5.  Los  Angeles-­‐Long  Beach-­‐Anaheim,  CA   •  Central  America:  1.  Miami-­‐Fort  Lauderdale-­‐West  Palm  Beach,  FL,  2.  Orlando-­‐Kissimmee-­‐Sanford,  FL,  3.  Tampa-­‐St.  Petersburg-­‐ Clearwater,  FL,  4.  Houston-­‐The  Woodlands-­‐Sugar  Land,  TX,  5.  New  York-­‐Newark-­‐Jersey  City,  NY-­‐NJ-­‐PA   •  Central  Asia:  1.  Dallas-­‐Fort  Worth-­‐Arlington,  TX,  2.  Aus[n-­‐Round  Rock,  TX,  3.  New  Orleans-­‐Metairie,  LA,  4.  Los  Angeles-­‐Long   Beach-­‐Anaheim,  CA,  5.  New  York-­‐Newark-­‐Jersey  City,  NY-­‐NJ-­‐PA   •  Eastern  Africa:  1.  Atlanta-­‐Sandy  Springs-­‐Roswell,  GA,  2.  Los  Angeles-­‐Long  Beach-­‐Anaheim,  CA,  3.  Washington-­‐Arlington-­‐ Alexandria,  DC-­‐VA-­‐MD-­‐WV,  4.  Dallas-­‐Fort  Worth-­‐Arlington,  TX,  5.  New  York-­‐Newark-­‐Jersey  City,  NY-­‐NJ-­‐PA   •  Eastern  Asia:  1.  Los  Angeles-­‐Long  Beach-­‐Anaheim,  CA,  2.  New  York-­‐Newark-­‐Jersey  City,  NY-­‐NJ-­‐PA,  3.  Washington-­‐Arlington-­‐ Alexandria,  DC-­‐VA-­‐MD-­‐WV,  4.  Dallas-­‐Fort  Worth-­‐Arlington,  TX,  5.  San  Francisco-­‐Oakland-­‐Hayward,  CA   •  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   •  Middle  Africa:  1.  Houston-­‐The  Woodlands-­‐Sugar  Land,  TX,  2.  Miami-­‐Fort  Lauderdale-­‐West  Palm  Beach,  FL,  3.  Washington-­‐ Arlington-­‐Alexandria,  DC-­‐VA-­‐MD-­‐WV,  4.  Fayeaeville-­‐Springdale-­‐Rogers,  AR-­‐MO,  5.  New  York-­‐Newark-­‐Jersey  City,  NY-­‐NJ-­‐PA   •  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   •  Northern  Africa:  1.  Los  Angeles-­‐Long  Beach-­‐Anaheim,  CA,  2.  Miami-­‐Fort  Lauderdale-­‐West  Palm  Beach,  FL,  3.  Washington-­‐ Arlington-­‐Alexandria,  DC-­‐VA-­‐MD-­‐WV,  4.  San  Francisco-­‐Oakland-­‐Hayward,  CA,  5.  Orlando-­‐Kissimmee-­‐Sanford,  FL   •  Northern  Europe:  1.  Los  Angeles-­‐Long  Beach-­‐Anaheim,  CA,  2.  Orlando-­‐Kissimmee-­‐Sanford,  FL,  3.  New  York-­‐Newark-­‐Jersey  City,   NY-­‐NJ-­‐PA,  4.  Miami-­‐Fort  Lauderdale-­‐West  Palm  Beach,  FL,  5.  Tampa-­‐St.  Petersburg-­‐Clearwater,  FL   •  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.  Boston-­‐Cambridge-­‐Newton,  MA-­‐NH   •  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.  Tampa-­‐St.  Petersburg-­‐Clearwater,  FL,  5.  Cape  Coral-­‐Fort  Myers,  FL   November  2015  
  19. 19. Who’s  Searching  Proper[es  on  MiamiRE.com   Top  Countries   1.  Brazil   2.  Venezuela   3.  Argen[na   4.  Colombia   5.  Russia     6.  India     7.  Canada   8.  Philippines   9.  Mexico     10.  United  Kingdom   Top  States   1.  California   2.  Texas   3.  Georgia   4.  New  York   5.  Virginia   6.  Illinois   7.  Michigan   8.  Tennessee   9.  South  Carolina   10.  Ohio  
  20. 20. News  by  Country   1.  Guam     2.  China   3.  U.K.   4.  Brazil   5.  Canada   6.  New  Zealand   7.  Venezuela   8.  France  &  Spain   9.  ArgenBna   10.  Hong  Kong  &  Singapore  
  21. 21. MIA TOP MARKETS & TOTAL PASSENGERS YEAR 2013 DOMESTIC INTERNATIONAL New York, New York 3,139,328 Brazil 1,963,718 Atlanta, Georgia 1,491,606 Colombia 1,258,184 Dallas/Ft. Worth, Texas 1,103,819 Mexico 1,249,545 Los Angeles, California 1,069,126 Venezuela 1,080,738 Washington, DC 1,051,076 Dominican  Republic 1,049,061 Chicago, Illinois 1,039,223 United  Kingdom 974,569 Orlando, Florida 978,909 Canada 840,020 San Juan, Puerto Rico 784,305 Argentina 764,569 Boston, Massachusetts 755,185 Peru 688,334 Charlotte, North Carolina 753,566 Panama 678,181 Houston, Texas 688,220 Cuba 672,123 Philadelphia, Pennsylvania 560,323 Ecuador 592,096 Tampa, Florida 499,111 Germany 579,959 Las Vegas, Nevada 396,255 The  Bahamas 566,422 San Francisco, California 376,696 Spain 562,155 Detroit, Michigan 329,888 Jamaica 551,642 St. Thomas, U.S. Virgin Islands 324,724 Haiti 510,866 New Orleans, Louisiana 294,563 Costa  Rica 496,054 Raleigh / Durham, North Carolina 264,177 Chile 411,848 Baltimore, Maryland 250,562 France 402,538 Denver, Colorado 220,079 Trinidad  and  Tobago 342,924 Minneapolis, Minnesota 219,064 Nicaragua 339,942 St. Louis, Missouri 194,164 Cayman  Islands 335,148 Jacksonville, Florida 157,126 Honduras 324,229 Key West, Florida 141,857 Curacao 319,187 Countries Visiting Miami Are Also the Highest Buyers
  22. 22. International Data
  23. 23. 136 Global Partnerships Worldwide
  24. 24. 2015 Profilt> of Homt> Buying Activity of Intt>rnational Clit>nts For' the Twelve l,lonth Period Ending Mar'ch 201- National Association of REALTORS® Research Dh ision June 2015 [B NATIONAL AS 0 IATID. of REAlTOR. ' "l... l
  25. 25. EsBmate  of  houses  &  dollar  volume  of  sales  to  foreign  buyers:     during  the  survey  period     Approximately  209,000  houses     4%  of  total  ExisBng  Home  Sales       $104  billion,  approximately  8%     of  total  ExisBng  Home  Sales  dollar  volume  
  26. 26. 10% Less Sales ____ 13% More Dollar Volume 2015 Profile of Home Buying Activity of International Clients For the Tweho. Month Period Ending iUarch 2015 National Association of RI:ALTORS!I> Research Division JUDe 2015 rnto:"TIOSAL 5SOCI"1"I01-o-/ , REALTORS' 350,000 300,000 250,000 200,000 150,000 100,000 50,000 o Total Number of Sales to foreigners 12 Months Ending March of Respective Year 2009 2010 2011 2012 2013 2014 2015 Note: 2009 Survey captured only non-re.sident forei," clients 5120 5100 580 560 540 520 so 2009 Dollar Volume of Residential sales to Foreigners In Billion Dollars 12 Months Ending March of Respective Year 2010 2011 2012 2013 2014 5104 2015
  27. 27. 160 140 120 100 80 60 40 20 0 2009 Real Estate SaJes to Foreigners in Billion Dollars 2010 2011 2012 Residential Commercial 20U 2014
  28. 28. 5 Countries = 51% Of Int’l Purchases 1.  China 2.  Canada 3.  Mexico 4.  India 5.  U. K.
  29. 29. 4  States  =  50%   Of  all  Int’l  Sales     Florida    21%   California    16%   Texas  8%   Arizona  5%      
  30. 30. Florida 21% California 16% Texas 8% Arizona 5% Florida 21% California 16% Texas 8% Arizona 5%
  31. 31. Average Home Purchase Price by Foreigners 12 Months Ending March 2015 $831,800 $455,600 $472,200 $499,600 $274,800 Mexico .K. Others All
  32. 32. China $30.0 $25.0 $20.0 $15.0 $10.0 $5.0 $0.0 volume of Purchases, In Billion Dollars: China 12 Months Ending March of Respective Year $28.6 2009* 2010 2011 2012 2013 2014 2015 • duc:.e~ Peop le'~ Republic of rru. Hor, o~. Data for 2009 ir d~ or ly no -<re~ic:ert
  33. 33. 16% 14% 12% 1()OA; 8% 6% 4% 2% ()OA; Foreign Countries of Interest to U.S. Residents Searching for Property Abroad 12 Months Ending March 2015
  34. 34. September 2015
  35. 35. InternaBonal  sales  totaled     44,000  properBes   12%  of  Florida’s  residenBal  market   compared  to  4%  na=onally   Dollar  volume  of  internaBonal  sales  totaled    $23.7  billion   24%  of  Florida’s  residenBal  dollar  volume  of  sales   compared  to  8%  na=onally
  36. 36. ~· )MIAMI~ I , . ~, , . (tJ 50% of all International Sales in Florida Happen in South Florida Miami-Miami Beach Fort Lauderdale Bradenton-Sarasota-Venice Cape Coral-Fort Myers Jacksonville-SI. Augustine Naples-Marco Island Ocala Orlando-Kissimmee Palm Beach Tampa-SI. Petersburg-Clearwater Other • ClosedSales 2014 • ClosedSales 201 5
  37. 37. r-') MIAMI ~ Brazil: Major Destinations 1IIIr Miami-M" mi Beach 44 fort uderdale 1~ o ando-Kissimmee 16
  38. 38. Ciin~a: Major Destinations 8menton-sa~og...Venice Palm Beach Tampa-St. petersburg-GiJearwater fort Lauderda e cape Coral-fort M en Na es- area and Miami-Miami Beach 6 4'36 9 19% 17'36
  39. 39. ~' )MIAMII I 'l::f' .,. .~ Chinil: Miljor Oestiniltions o ando-Kissimmee Ta lahassee Gai Ie Fort derdale OGa
  40. 40. utin America/CMibbean. Except BreWl and Venezuela: Major Destili1tions 52'16 Fort ~udercb e orlando-Kiss· e NapleS-Milrco lilnd
  41. 41. Venezuel~: M~jo, Destin~tions 419(, Fort ~uderd e 2796 o indo-Kiss· mee s
  42. 42. Western Europe, Except United Kincdom: Miljor Destin..tions Miilmt-Miami Beach Cilpe conl-fOlt Myers fort Lauderda e Tampa-St. petersburg-Clearwater 8radenton-sarasou-venice Orlando-ltissimmee Naples-Marco Island Palm Beiich 4 3'16 7'16 6'16 13 u '16 10'16 27'16
  43. 43. United Kincdom: Major Destinations orlimdo-«issimmee Tampa>-St. Petersb g-d eilrvr.lter Bfildenton-SilrilSo ilNenice Pillm Beach
  44. 44. Miami: Top Foreign Buyers in Pilst 12 Months Ended June 2015 venezuela 21% Argentina 13% 8razil 12% Colombia Mexico 4% China 4% france 3%
  45. 45. (tJ F1ondaRealtor&' Fort liuderdile: Top Forei(n 8uyen in Put 12 Months Ended June 2015 Venez a 8r.1 Cilnida Colombia Argentini Mexico fr.llKe CUbi Ecuador 12% '-_ 5 5%
  46. 46. Average Price of Property Purchased in Florida by Foreign Buyers
  47. 47. Palm Beach: Top Foreign Buyers in P..st 12 Months Ended June 2015 canada Un- ed Ki dom Colombia Germa 6"
  48. 48. .' MIAMI• • • ~1 " 01: I ..- . - - I I. THE I WEALTH REPORT
  49. 49. Top 40 most Important cities to UHNWls In 2015 0 London • New York * • Hong Kong 0 Singapore Shanghai Miami Paris 0 Dubai • Beijing 0 Zurich • Tokyo fa I) Toronto e CD Geneva •• Sydney *I .. Taipei 8) 0 Frankfurt 0 G Moscow G .. Madrid "G) San Fransisco * •QJ) Vienna CD Milan 0 Sao Paulo Los Angeles * G Mexico City Jakarta G Berlin Munich • Washington DC *Amsterdam G Boston *Mumbai • CapeTown Dublin G Auckland Johannesburg • Buenos Aires Istanbul CD Rio deJaneiro Kuala Lumpur 0 Tel Aviv
  50. 50. … In 10 years? 2025 Projection for UHNWI … Most Important Cities in the World 1. NY 7. Miami
  51. 51. ('·)MIAMI" • • 'T::I:1 .... 2015 Profile of International Home Buyers in Miami Association of REALTORS· Business Areas Prepared forth. Miami Association of REALTORS· by tho Resoarch Division aftha National Association of REAlTORS· lawrence Yun, Senior Vlce·Presldent and Chief Economist DanielleHale, ManaeinaOirmor. HousiniRe~a rch Gay (oror.ton, Research Economist January 2016 This Report may be cited with the proper attribution. C 2016 M iami Assoclatjonof REALTORS· and NationalAssociation of REALTORS· [B IUI10S~1 mOCl.mos( • ( IT('«S'
  52. 52. Our  InternaBonal  sales*  totaled     10,600  properBes  -­‐  $6.1  Billion   22  percent  of  Miami’s  residenBal  market   compared  to  12%  in  Florida  and  4%  na=onally   Dollar  volume  of  internaBonal  sales  totaled   36%  of  all  local  sales   Compared  to  24%  of  Florida’s    and  8%  na=onally     *Not  including  pre-­‐construc=on  sales  
  53. 53. Dollar   Volume  of   Interna[onal   Sales  of   Members:     $6.1  Billion  or   36  Percent  of   Residen[al   Dollar  Sales   *Based  on  es(mate  of   transac(ons  closed  by  Miami   REALTORS®  members   Dollar&Volume&of&Interna/onal&Sales&of&Members:&& $6.1&Billion&or&36&Percent&of&Residen/al&Dollar&Sales*& Miami%Dade;* $4.82;*78.9%* Broward,** $1.10;*18.0%* Palm*Beach;* $0.16;*2.7%* Mar?n*County;* $0.03;*0.5%* In&Billion&Dollars& Source:(Na+onal(Associa+on(of(REALTORS®( *Based(on(es+mate(of(transac+ons(closed(by(Miami(REALTORS®(members(
  54. 54. Interna[onal   Sales  of  MIAMI   Members:       10,600  Proper[es  or   22  Percent  of     Residen[al  Closed   Sales     (Not  including  pre-­‐construc[on   sales)   Miami-­‐ Dade,     7,521  ,   70.4%   Broward,     2,692  ,   25.2%   Palm   Beach,     418  ,  3.9%   Mar[n   County,     47  ,  0.4%   Source:  Na(onal  Associa(on  of   REALTORS®   *Based  on  es(mate  of  transac(ons  closed  by  Miami  REALTORS®  members  
  55. 55. ORIGIN  &  DESTINATION   OF     FOREIGN  BUYERS  
  56. 56. Des[na[on   of   Venezuelan   Buyers   Miami-­‐ Dade   81%   Broward   17%   Other   2%  
  57. 57. Des[na[on  of   Brazilian   Buyers   Miami-­‐ Dade   83%   Broward   12%   Palm  Beach   5%  
  58. 58. Des[na[on  of   Argen[nian   Buyers   Miami-­‐ Dade   76%   Broward   24%  
  59. 59. Des[na[on   of  Canadian   Buyers   Miami-­‐ Dade   27%   Broward   57%   Palm   Beach   10%   Other   5%   Mar[n   County   1%  
  60. 60. Des[na[on   of  Columbian   Buyers   Miami-­‐ Dade   62%   Broward   33%   Palm   Beach   3%   Other   2%  
  61. 61. Top  Tier   Countries     S.  Florida  
  62. 62. Second  Tier   Countries     S.  Florida  
  63. 63. Top  Foreign   Buyers  in   Miami-­‐Dade*     Venezuela   26%   Brazil   14%   Argen[na   12%  Colombia   8%   Mexico   4%   Italy   4%   France   3%   Others   29%   *  Countries  listed  accounted  for  at  least  3  percent  of  foreign  buyers  who  purchased  in  that  county.    
  64. 64. Miami-Dade: Top Countries of Origin of Clients --, -, ,.,. ,... '" ... -....._ 201'1 ".. 20tS ,.. TOp n.r COuntrl•• of Of...... of AlII"t......l~1 CIJenu of R[AlTOAS. Who Ide"llfted M"""·Dede Gouttty •• M.a" -.u.J....__ AI•• .-._-,~ ,-.- ,~ ..--~ --I- I - ,
  65. 65. Top   Foreign   Buyers  in   Broward*     Venezuela   16%   Canada   16%   Colombia   12%   Argen[na   12%   Brazil   6%   Others   38%   *  Countries  listed  accounted  for  at  least  3  percent  of  foreign  buyers  who  purchased  in  that  county.    
  66. 66. Top   Foreign   Buyers  in   Broward*     Broward: Top Countries of Origin of Clients ---"" ""...... '"..' ~l. ,~ • ~lS ... _ n.rc-t,ifl of OrfCIJIof .... InlerMtioMl OieftlS of IUAl.TOItS' Who IHftttfled at_ani c-tYH Main .1K1neu AtM ~ B '''' - "" N
  67. 67. Top  Foreign   Buyers  in   Palm   Beach*     Canada   32%   Brazil   28%   Others   40%   *  Countries  listed  accounted  for  at  least  3  percent  of  foreign  buyers  who  purchased  in  that  county.  
  68. 68. Top   Foreign   Buyers  in   Mar[n   County*     China,  People's   Republic   51%   Canada   34%   Others   15%   Foreign  Buyers  of  MarBn  County*   *  Countries  listed  accounted  for  at  least  3  percent  of  foreign  buyers  who   purchased  in  that  county.  
  69. 69. Cash  Sales   Among   Major   Buyers   Cash  Sales   Percent  of  buyers Venezuela 74% Brazil 75% Argentina 80% Colombia 66% Canada 86% All  foreign  buyers 74%
  70. 70.   Use  of   Property   for   Vaca[on   and  Rental   Purposes   Among   Major   Buyers     Use  of  Property  for  Vacation,  Rental,  or  Both   Percent  of  buyers Venezuela 64% Brazil 81% Argentina 81% Colombia 65% Canada 83% All  foreign  buyers 71%
  71. 71. Type  of   Area   Preferred   Among   Major   Buyers   Type  of  Area  Preferred Type  of  area Percent  of  buyers Venezuela Central  city/urban 67% Brazil Central  city/urban 80% Argentina Central  city/urban 61% Colombia Central  city/urban 69% Canada Same  preference  for   suburban,  resort,  central  city 33%* All  foreign  buyers Central  city/urban 62% *  Percent  of  buyers  for  each  type  of  area  
  72. 72. Type  of  Property  Preferred  Among   Major  Buyers   Type  of  Property  Preferred Condominium Single-­‐family,  detached Venezuela 46% 30% Brazil 62% 25% Argentina 57% 24% Colombia 46% 37% Canada 72% 21% All  foreign  buyers 53% 29%
  73. 73. Previously   Owned   Units   Purchased   Among   Major   Buyers   Previously-­‐owned  Home  Purchases Percent  of  buyers Venezuela 82% Brazil 81% Argentina 91% Colombia 90% Canada 94% All  foreign  buyers 85%
  74. 74.       Intended   Month’s   Use   Among   Major   Foreign   Buyers       Intended  Months'  Use  of  Property Up  to  six  months Don't  Know Venezuela 55% 26% Argentina 60% 31% Brazil 73% 11% Colombia 50% 17% Canada 76% 11% All  foreign  buyers 58% 21%
  75. 75.   Online   MiamiRE.com/Market     Teresa  King  Kinney,  CEO   tkinney@miamire.com   305-­‐468-­‐7010     Lynda  Fernandez,  SVP   lynda@miamire.com   305-­‐468-­‐7040  

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