Download - December 2015 Miami and Broward Real Estate Market Report Maria Medina Your Realtor 3059053370
Who’s Buying South Florida Real Estate?
Copyright 2015 Miami AssociaBon of Realtors
Market Update and
New International Reports
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
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
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
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
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ! -"-"'1Iy tIoma .--._-_ .. -.-- ___ 111~
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
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
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
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%
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%
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
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
Official Sout h Florida Preconst ruct ion Condo
Source: CraneSpotters.com
Market Towers Floors Unit s Share Of Sout h Florida Unit s
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 Unit s
Sout h Florida 416 7,592 49,642 100 .0%
1 259 73.2%
2 Broward Cou 95 18.2%
3 Palm Beach Count y 62 797 4,272 8.6%
Rank Market Towers Floors Unit s Share Of Sout h Florida Unit s
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%
Who’s looking at
Miami properties…
Indicators of Future/PotenBal Business
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
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
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
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
MIA TOP MARKETS & TOTAL PASSENGERS YEAR 2013
DOMESTIC INTERNATIONALNew York, New York 3,139,328 Brazil 1,963,718Atlanta, Georgia 1,491,606 Colombia 1,258,184Dallas/Ft. Worth, Texas 1,103,819 Mexico 1,249,545Los Angeles, California 1,069,126 Venezuela 1,080,738Washington, DC 1,051,076 Dominican Republic 1,049,061Chicago, Illinois 1,039,223 United Kingdom 974,569Orlando, Florida 978,909 Canada 840,020San Juan, Puerto Rico 784,305 Argentina 764,569Boston, Massachusetts 755,185 Peru 688,334Charlotte, North Carolina 753,566 Panama 678,181Houston, Texas 688,220 Cuba 672,123Philadelphia, Pennsylvania 560,323 Ecuador 592,096Tampa, Florida 499,111 Germany 579,959Las Vegas, Nevada 396,255 The Bahamas 566,422San Francisco, California 376,696 Spain 562,155Detroit, Michigan 329,888 Jamaica 551,642St. Thomas, U.S. Virgin Islands 324,724 Haiti 510,866New Orleans, Louisiana 294,563 Costa Rica 496,054Raleigh / Durham, North Carolina 264,177 Chile 411,848Baltimore, Maryland 250,562 France 402,538Denver, Colorado 220,079 Trinidad and Tobago 342,924Minneapolis, Minnesota 219,064 Nicaragua 339,942St. Louis, Missouri 194,164 Cayman Islands 335,148Jacksonville, Florida 157,126 Honduras 324,229Key West, Florida 141,857 Curacao 319,187
Source: USDOT, T100 Database CY 2013
Countries Visiting Miami
Are Also the
Highest Buyers
International Data
136 Global Partnerships
Worldwide
2015 Profilt> of Homt> Buying Activity of Intt>rnational Clit>nts For' the Twelve l\,lonth Period Ending Mar'ch 201-
National Association of REAL TORS® Research Dh ision
June 2015
[B NATIONAL AS 0 IATID. of REAlTOR. '
"l ... l
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
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
rn to:"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
160
140
120
100
80
60
40
20
0
2009
Real Estate SaJes to Foreigners in Billion Dollars
2010 2011 2012
Residential Commercia l
20U 2014
5 Countries = 51% Of Int’l Purchases 1. China 2. Canada 3. Mexico 4. India 5. U. K.
4 States = 50% Of all Int’l Sales Florida 21% California 16% Texas 8% Arizona 5%
Florida 21% California 16% Texas 8% Arizona 5%
Florida 21% California 16%
Texas 8% Arizona 5%
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
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
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
September 2015
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
~·)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
• Closed Sales 2014
• Closed Sales 201 5
r-') MIAMI ~ Brazil : Major Destinations 1IIIr
Miami-M" mi Beach 44
fort uderdale 1~
o ando-Kissimmee 16
Ciin~a: Major Destinations
8menton-sa~og...Venice
Palm Beach
Tam pa-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
~')MIAMI I I 'l::f' .,. .~
Chinil: Miljor Oestiniltions
o ando-Kissimmee
Ta lahassee
Gai Ie
Fort derdale
OGa
utin America/CMibbean. Except BreWl and Venezuela: Major Destil\i1tions
52'16
Fort ~udercb e
orlando-Kiss· e
NapleS-Milrco lilnd
Venezuel~: M~jo, Destin~tions
419(,
Fort ~uderd e 2796
o indo-Kiss· mee s
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
United Kincdom: Major Destinations
orlimdo-«issimmee
Tampa>-St. Pete rsb g-d eilrvr.lter
Bfildenton-SilrilSo ilNenice
Pillm Beach
Miami : Top Foreign Buyers in Pilst 12 Months Ended June 2015
venezuela 21%
Argentina 13%
8razil 12%
Colombia
Mexico 4%
China 4%
france 3%
(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%
Average Price of Property Purchased in Florida by Foreign Buyers
Palm Beach: Top Foreign Buyers in P .. st 12 Months Ended June 2015
canada
Un- ed Ki dom
Colombia
Germ a 6"
.' MIAMI • • • ~1 " 01:
I .. -.--
I I . THE I WEALTH
REPORT
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
… In 10 years?
2025 Projection for UHNWI … Most Important Cities in the World
1. NY 7. Miami
('·)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, ManaeinaOi rmor. HousiniRe~a rch
Gay (oror.ton, Research Economist
January 2016
This Report may be cited with the proper attribution. C 2016 M iami Assoclat jonof REALTORS· and
NationalAssociation of REALTORS· [B IUI10S~1 mOCl.mos( • ( \ I T('«S'
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
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(
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
ORIGIN & DESTINATION OF
FOREIGN BUYERS
Des[na[on of
Venezuelan Buyers Miami-‐
Dade 81%
Broward 17%
Other 2%
Des[na[on of Brazilian Buyers Miami-‐
Dade 83%
Broward 12%
Palm Beach 5%
Des[na[on of Argen[nian Buyers
Miami-‐Dade 76%
Broward 24%
Des[na[on of Canadian
Buyers
Miami-‐Dade 27%
Broward 57%
Palm Beach 10%
Other 5%
Mar[n County 1%
Des[na[on of Columbian
Buyers Miami-‐Dade 62%
Broward 33%
Palm Beach 3%
Other 2%
Top Tier Countries S. Florida
Second Tier Countries S. Florida
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.
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 - ,
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.
Top Foreign Buyers in Broward*
Broward: Top Countries of Origin of Clients
---"" "" .. .. .. '" ..
' ~l. ,~
• ~lS ...
_ n.r c-t,ifl of OrfCIJI of .... InlerMtioMl OieftlS of IUAl.TOItS' Who IHftttfled at_ani c-tYH Main .1K1neu AtM
~ B '''' - "" N
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.
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.
Cash Sales Among Major Buyers
Cash Sales Percent of buyers
Venezuela 74%Brazil 75%Argentina 80%Colombia 66%Canada 86%All foreign buyers 74%
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%
Type of Area
Preferred Among Major Buyers
Type of Area PreferredType 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
Type of Property Preferred Among Major Buyers
Type of Property PreferredCondominium Single-‐family, detached
Venezuela 46% 30%Brazil 62% 25%Argentina 57% 24%Colombia 46% 37%Canada 72% 21%All foreign buyers 53% 29%
Previously Owned Units
Purchased Among Major Buyers
Previously-‐owned Home PurchasesPercent of buyers
Venezuela 82%Brazil 81%Argentina 91%Colombia 90%Canada 94%All foreign buyers 85%
Intended Month’s Use
Among Major Foreign Buyers
Intended Months' Use of PropertyUp 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%
Online MiamiRE.com/Market
Teresa King Kinney, CEO [email protected]
305-‐468-‐7010
Lynda Fernandez, SVP [email protected]
305-‐468-‐7040