Market Highlights Miami
Highest Number of Sales In Miami s 93 Year History 2011 2012 2013 Could be another!
April News Headlines: Miami Condo Sales Spiked 18.7% with Luxury Properties Leading the Pack Single-Family Home Sales Continue to Sell Rapidly Amid Housing Shortage
April 2013 Million-dollar condominium sales grew 61.3% year-over-year Compared with April 2012
April 2013 Sales Prices Single Family Median $225,000 +23.7% Condos $175,000 +17.1% % Increase over April 2012
Median Sales Prices Hit Bottom in Jan 2011 Single Family Condos
Miami Sales Prices Increase Since December 2011 Double-Digit Appreciation Condominiums 22 Months Single-Family 17 Months Prices still equal to 10 years ago - 2003
Inventory Dropped 46,000 in August 2008 11,995 in April 2013 34,000 Less 75% Decrease 5.2 Months of Inventory
The Miami market is excellent Properties are selling strong! 95.4% of Original List Price Single Family 97.2% of Original List Price - Condos
How long to sell? Median days on market Single Family - 42 days Condos - 48 days
Single Family Ranges Selling Faster this Year *$200,000 - $249,000 * $300,000 399,999 and $600,000 999,999 $1 Million or more
Condo Ranges Selling Faster Overall Less than $50,000 $250,000 to $1 Million or more
Cash Sales National 28% Cash Sales Miami 64.8% Cash Sales 47% Single Family 77.3% Condos New Construction - over 90% Cash
Distressed Properties Miami-Dade U.S. March 2013 36.7% Distressed March 2013 18% Distressed Down from 49% previous year
Single Family Condos
Internationally Speaking
Top 7 States Florida 26% California 11% Arizona/Texas 7% NY/Georgia 4% Nevada 2%
The MOST International Business in US 1 in 4 in Florida Nearly 1 in 3 in Florida is Miami Last year Miami/Ft. Lauderdale combined 30% Now Miami alone is 31.3%
Top Florida Markets
Nationally Canada 24% China 11% Mexico 8% India/UK 6% Brazil/France/ Germany 3%
Florida 1) Canada 31% 2) Brazil 9% 3) Venezuela 7% 4) Argentina 5% 5) UK 5% 6) Colombia 4% 7) France 4% 8) Germany 4%
Miami 1. Venezuela 2. Argentina 3. Brazil 4. Canada 5. Colombia 6. Mexico 7. France
Top 20 Markets Buying in Miami... 1. Venezuela 2. Argentina 3. Brazil 4. Canada 5. Colombia 6. France - Mexico 7. Peru Spain - Italy- Ecuador DR 8. Russia Chile Germany 9. China UK Honduras Nicaragua - India
Venezuela Argentina Brazil Canada Colombia Mexico France Spain Italy Peru Ecuador Dominican Repub Russia Chile Germany China UK Honduras India Costa Rica Panama
Venezuela Miami 67.4% Miami/Ft. Lauderdale 83.7%
Brazil Miami 49.2% Miami/Ft.Lauderdale 67.4% Miami/FtL./P.Beach 74.2%
Latin America (Except Brazil & Venezuela) Miami 65.8% Miami/Ft. Lauderdale 73.7%
Top Florida Destinations Miami 31.3% Miami/Ft. Lauderdale 42.9%
Who s looking at Miami properties
Realtor.com/international March 2013 Most searched U.S. cities: 1. Los Angeles, CA 2. Miami, FL 3. Las Vegas, NV 4. Orlando, FL 5. Detroit, MI 6. Houston, TX 7. New York, NY 8. Fort Lauderdale, FL 9. San Diego, CA 10. Chicago, IL
Where are International Buyers Searching in U.S.? Top 5 markets For each country March 2013 Canada: Las Vegas, Fort Lauderdale, Orlando, Detroit, Naples U.K.: Los Angeles, Orlando, Miami, Houston, Las Vegas Germany: San Antonio, Los Angeles, Cape Coral, Miami, Las Vegas Australia: New York, Los Angeles, Las Vegas, Houston, Detroit, Japan: San Diego, Alpharetta, Las Vegas, San Diego, San Antonio Mexico: San Diego, El Paso, Laredo, San Antonio, Las Vegas India: Los Angeles, Orlando, Chicago, Dallas, Houston Brazil: Orlando, Miami, Boca Raton, Fort Lauderdale, Miami Beach China: Detroit, Los Angeles, Irvine, Las Vegas, Orlando France: Chicago, Miami, Los Angeles, Miami Beach, San Diego Russian Federation: Los Angeles, Miami, Orlando, New York, Detroit South Korea: Las Vegas, Irvine, Los Angeles, San Antonio, Columbus Italy: Miami, Los Angeles, Miami Beach, New York, San Diego Netherlands: Los Angeles, Miami, New York, Houston, Las Vegas Switzerland: Miami, Las Vegas, Los Angeles, San Diego, Raleigh Spain: Miami, Los Angeles, New York, Las Vegas, San Diego ******** Ireland: Los Angeles, New York, Orlando, Chicago, Miami Sweden: Los Angeles, Detroit, Parkland (FL), Miami, Fort Lauderdale Belgium: Los Angeles, Miami, Las Vegas, Naperville (IL), Orlando Philippines: Las Vegas, Saint Paul (MN), Indianapolis, Los Angeles, Henderson (NV)
Top 10 Visitors by Country on Miamire.com May 2013 1. United States 2. France 3. Brazil 4. Canada 5. Colombia 6. Venezuela 7. Germany 8. Italy 9. Argentina 10. India 2012 1. United States 2. Brazil 3. Canada 4. Argentina 5. Colombia 6. Venezuela 7. Russia 8. Malaysia 9. France 10. Spain 2011 1. United States 2. Canada 3. Brazil 4. Venezuela 5. Colombia 6. France 7. Uruguay 8. United Kingdom 9. Argentina 10. Russia
Miami The New Global City 3-page article in Print and Online Miami featured with London, Paris, Hong Kong, New York!
Global Cities Report Knight Frank Top Global Cities Dubai, Miami, Nairobi and London are increasingly considered investment hubs for HNWIs in their wider regions. "Aside from London, it would appear the other strong performers are either those established international markets that experienced a lull but are now 'kicking on' again (e.g. Miami, Dubai) or those that could be described as second tier international cities - strong established markets, but not global 'gateway' cities (e.g. Zurich, Vienna, San Francisco), where interest has driven price rises from a lower base."
Global Media Coverage
Search for Properties In Miami, Ft. Lauderdale, Palm Beach And France, Brazil & soon India
Over 100 Global Partnerships Worldwide http://www.miamire.com/international/miami-partner-organizations
Our Gift: Online Resources Miami Market Highlights Booklet English, Spanish, More http://www.miamire.com/sites/miamire.com/files/pdf/2013_euro_mag_040113_eng_sm.pdf This Presentation http://www.miamire.com/market International Reports http://www.miamire.com/international/international-resources
www.miamire.com Teresa King Kinney, CEO tkinney@miamire.com 305-468-7010 Lynda Fernandez, SVP lynda@miamire.com 305-468-7040