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

2. Who’s Buying
South Florida
Real Estate?
Copyright 2015 Miami AssociaBon of Realtors

3. Market Update
and
New International Reports

4. 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

5. 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

6. 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

7. 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~

8. 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

9. 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

10. 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

11. 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%

12. 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%

13. 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

14. 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

15. 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%

16. Who’s looking at
Miami properties…

17.
Indicators of Future/
PotenBal Business

18. 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

19. 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

20. 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

21. 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

22. 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

23. International
Data

24. 136 Global
Partnerships
Worldwide

25. 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

26. 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

27. 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

28. 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

29. 5 Countries = 51%
Of Int’l Purchases
1. China
2. Canada
3. Mexico
4. India
5. U. K.

30. 4 States = 50%
Of all Int’l Sales
Florida 21%
California 16%
Texas 8%
Arizona 5%

31. Florida 21%
California 16%
Texas 8%
Arizona 5%
Florida 21% California 16%
Texas 8% Arizona 5%

32. 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

33. 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

34. 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

35. September
2015

36. 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

37. ~· )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

38. r-') MIAMI
~ Brazil: Major Destinations
1IIIr
Miami-M" mi Beach 44
fort uderdale 1~
o ando-Kissimmee 16

39. 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

40. ~' )MIAMII I 'l::f' .,. .~
Chinil: Miljor Oestiniltions
o ando-Kissimmee
Ta lahassee
Gai Ie
Fort derdale
OGa

41. utin America/CMibbean. Except BreWl and Venezuela:
Major Destili1tions
52'16
Fort ~udercb e
orlando-Kiss· e
NapleS-Milrco lilnd

42. Venezuel~: M~jo, Destin~tions
419(,
Fort ~uderd e 2796
o indo-Kiss· mee s

43. 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

44. United Kincdom: Major Destinations
orlimdo-«issimmee
Tampa>-St. Petersb g-d eilrvr.lter
Bfildenton-SilrilSo ilNenice
Pillm Beach

45. Miami: Top Foreign Buyers in Pilst 12 Months Ended June
2015
venezuela 21%
Argentina 13%
8razil 12%
Colombia
Mexico 4%
China 4%
france 3%

46. (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%

47. Average Price of Property Purchased in Florida by Foreign Buyers

48. Palm Beach: Top Foreign Buyers in P..st 12 Months Ended
June 2015
canada
Un- ed Ki dom
Colombia
Germa 6"

49. .' MIAMI• • • ~1 " 01:
I ..- . - -
I
I. THE
I WEALTH
REPORT

50. 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

51. … In 10 years?
2025 Projection
for UHNWI …
Most Important
Cities in the
World
1. NY
7. Miami

52. ('·)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'

53. 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

54. 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(

55. 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

56. ORIGIN & DESTINATION
OF
FOREIGN BUYERS

57. Des[na[on
of
Venezuelan
Buyers
Miami-­‐
Dade
81%
Broward
17%
Other
2%

58. Des[na[on
of
Brazilian
Buyers
Miami-­‐
Dade
83%
Broward
12%
Palm
Beach
5%

59. Des[na[on
of
Argen[nian
Buyers
Miami-­‐
Dade
76%
Broward
24%

60. Des[na[on
of
Canadian
Buyers
Miami-­‐
Dade
27%
Broward
57%
Palm
Beach
10%
Other
5%
Mar[n
County
1%

61. Des[na[on
of
Columbian
Buyers
Miami-­‐
Dade
62%
Broward
33%
Palm
Beach
3%
Other
2%

62. Top
Tier
Countries
S.
Florida

63. Second
Tier
Countries
S.
Florida

64. 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.

65. 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
- ,

66. 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.

67. Top
Foreign
Buyers
in
Broward*
Broward: Top Countries of Origin of Clients
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_ n.rc-t,ifl of OrfCIJIof .... InlerMtioMl OieftlS of
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~ B
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68. 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.

69. 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.

70. Cash
Sales
Among
Major
Buyers
Cash
Sales
Percent
of
buyers
Venezuela 74%
Brazil 75%
Argentina 80%
Colombia 66%
Canada 86%
All
foreign
buyers 74%

71.
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%

72. 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

73. 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%

74. 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%

75.
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%

76.
Online
MiamiRE.com/Market
Teresa King Kinney, CEO
tkinney@miamire.com
305-­‐468-­‐7010
Lynda Fernandez, SVP
lynda@miamire.com
305-­‐468-­‐7040