JTHS Council of the MIAMI Association of REALTORS - Jupiter, Tequesta, Hope Sound

     

                

  • JTHS-MIAMI Rock the Market Attracts Top Experts, Panels

    Mar 09, 2017
    Palm Beach County real estate will continue outperforming the national average because of continued population gains, a growing economy and spectacular amenities, South Florida top brokers and real estate analysts said at the Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) Rock the Market conference on Feb. 28 in Jupiter.
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  • JTHS-MIAMI Realtors to Host Rock the Market in Jupiter

    Feb 27, 2017
    The Jupiter-Tequesta-Hobe Sound Council of the MIAMI Association of REALTORS® (JTHS-MIAMI) will host JTHS-MIAMI Rock the Market on Tuesday, Feb. 28 at the Wyndham Grand Jupiter at Harbourside Place. The conference is designed to equip local Realtors with the latest market information, services and trends so they can better serve their clients.
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  • Lynne Rifkin Elected 2017 JTHS President of the MIAMI Association of REALTORS

    Feb 10, 2017
    The MIAMI Association of REALTORS® (MIAMI) has elected Lynne Rifkin, Broker Associate, ABR, MRP, PMN, SRES as the 2017 President of the Jupiter-Tequesta-Hobe Sound Association of Realtors (JTHS) Council. She and the entire 2017 JTHS Board of Governors were installed Dec. 2 at Frenchman’s Creek Beach & Country Club in Palm Beach Gardens.
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  • JTHS Realtors Collect More than 500 Holiday Toys for Local Children

    Jan 09, 2017
    The Jupiter Tequesta Hobe Sound (JTHS) Council of the MIAMI Association of REALTORS® (MIAMI) collected more than 500 toys for local families in need this holiday season during its first JTHS Young Professionals Network Toy Drive on December 15.
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  • JTHS Realtors to Host Educational Breakfast with Palm Beach Schools Superintendent

    Jan 09, 2017
    The Jupiter Tequesta Hobe Sound (JTHS) Council of the MIAMI Association of REALTORS® (MIAMI) will host a “Make a Connection” Breakfast with Palm Beach County Schools Superintendent Dr. Robert Avossa as the featured speaker on Wednesday, Jan. 18 at the Eastpointe Country Club in Palm Beach Gardens.
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  • YOUR July Minute with the JTHS President

    Jul 29, 2016
    Announcing Important Upcoming Events
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  • Jupiter Broker Patti Fitzgerald Appointed to Florida Real Estate Commission

    Mar 03, 2016
    The MIAMI Association of REALTORS® is honored to have one of its members, Patti Fitzgerald, named to the Florida Real Estate Commission, which administers and enforces real estate license law. Fitzgerald is a past president of the statewide Florida Realtors association and is currently a real estate broker associate and manager for Illustrated Properties in Hobe Sound.
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  • YOUR February Minute with the JTHS President

    Feb 18, 2016
    We are halfway through February. Time goes by so quickly. Our JTHS Leaders continue to focus on goals to maximize our Member's strengths. Our Professional staff continue to make enhancements to products and service offerings.
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  • Sue Gaieski Elected 2016 JTHS Council President of the MIAMI Association of REALTORS

    Feb 18, 2016
    The MIAMI Association of REALTORS® (MIAMI) has elected Sue Gaieski, e-PRO, SFR as the 2016 President of the Jupiter-Tequesta-Hobe Sound Association of Realtors (JTHS) Council. She and the entire 2016 JTHS Board of Governors were installed Dec. 11 at Frenchman’s Creek Beach & Country Club in Palm Beach Gardens.
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New 2016 South Florida International Real Estate Report Released

by | Jan 25, 2017
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According to the new 2016 Profile of International Home Buyers of MIAMI Association of REALTORS® (MIAMI) Members conducted by MIAMI and the National Association of Realtors (NAR), foreign home buyers spent more on South Florida homes and purchased more local residential properties in 2016 than the year before.

The fifth annual survey, which includes data from Miami-Dade, Broward, Palm Beach and Martin counties, ranks countries of origin and highlights key characteristics of foreign buyers.

“Our new South Florida international real estate report shows a more diverse group of countries purchasing Miami real estate,” said Christopher Zoller, the 2017 MIAMI chairman of the board. “Miami continues to be one of the world’s top destinations for international home buyers.”

More than half of all international home sales in the entire state of Florida (52 percent) happen in Miami-Fort Lauderdale-West Palm Beach, according to NAR’s 2016 Profile International Residential Real Estate Activity in Florida.

About 80 percent of all South Florida international home sales take place in Miami-Dade County, according to the new MIAMI and NAR report. The report showed a foreign buyer sales volume for the following counties: Broward (16.4 percent), Palm Beach (3.0 percent) and Martin (.4 percent).

Foreign buyers purchased $6.2 billion of South Florida residential properties in 2016, up from $6.1 billion a year ago, according to the MIAMI and NAR report. International unit sales also increased to 24 percent of total sales in South Florida, up from 22 percent in 2015.

Top Countries Investing in South Florida
The countries of origin for consumers purchasing properties in Miami-Dade, Broward, Palm Beach and Martin counties are:
1. Venezuela (15 percent of South Florida foreign purchases)
2. Argentina (11 percent)
3. Brazil and Colombia (10 percent each)
4. Canada (6 percent)
5. Mexico, France & Peru (4 percent each)

The top tier countries of origin — Venezuela, Argentina, Brazil, Colombia, Canada, Mexico, France and Peru — account for 64 percent of total South Florida international closed sales.

By dollar volume, Venezuela, Brazil, Argentina, Canada and Colombia accounted for nearly half of the $6.2 billion of South Florida international home sales in 2016. Venezuelan and Brazilian buyers topped the list with $868 million and $861 million in sales volume, respectively.

The top tier of countries continues with each at 3 percent of international sales:
- Italy
- Ecuador
- China
- Dominican Republic
- United Kingdom

Next tier countries of origin are: Spain, Germany, Australia, Honduras, South Korea, Russia, India, Costa Rica, Japan, Malaysia, Chile, Panama, Nicaragua and Portugal.

Top Countries by County
The top countries of origin for consumers purchasing properties in Miami-Dade are:
1. Venezuela (17 percent)
2. Brazil (15 percent)
3. Argentina (14 percent
4. Colombia (8 percent)
5. Italy, Mexico & Canada (4 percent each)

Other top countries include Canada, France, China, the Dominican Republic and Peru.

The top countries of origin for consumers buying real estate in Broward County are:
1. Venezuela (18 percent)
2. Colombia (17 percent)
3. Canada (13 percent)
4. Argentina (12 percent)
5. Brazil (10 percent)

The top countries of origin for consumers buying real estate in Palm Beach County are:
1. Canada (30 percent)
2. Venezuela (9 percent)
3. Brazil, Germany & Italy (7 percent each)
4. Argentina, Colombia, Ireland & Russia
(4 percent each)

The top countries of origin for consumers buying real estate in Martin County are:
1. Canada (21 percent)
2. Australia & Brazil (13 percent)
3. Germany & Venezuela (8 percent each)

Additional Survey Highlights
- Foreign home buyers spend more on average on real estate than other buyers, and MIAMI real estate buyers spend even more on average than other international buyers in the state of Florida or nationally.

South Florida international home buyers paid $570,000 on average for residential properties. In comparison, all MIAMI buyers spend $352,900 on average. Foreign buyers of Florida Realtors members spend $412,100 on average, while foreign buyers in the U.S. spend $477,500 on average.

- Miami has about double the number of all-cash buyers than the national average. International home buyers in South Florida comprise an even larger percentage of all-cash buyers. According to the new MIAMI and NAR survey, about 72 percent of all international residential transactions in South Florida were made in all-cash.

- South Florida international home buyers prefer condominiums (55 percent) in the central/urban areas (58 percent), which they intend to use mainly as residential rental, vacation home or both (75 percent).

- About 5.5 percent of South Florida foreign buyers purchased local homes without even visiting Florida. About 19.7 percent purchased with just one visit to Florida; 25.4 percent purchased with just two visits; 22.1 percent bought after visiting Florida three times.

- South Florida international buyers purchased 10,885 residential properties in 2016 compared to 10,678 the year before, a 1.93 percent increase.

- About 70 percent of MIAMI members work with international buyers. That’s more than double the national figure of 31 percent, according to NAR.

Survey results reflect MIAMI’s commitment to increasing South Florida’s real estate brand worldwide and the Miami real estate market’s position as a top international destination.

MIAMI has 160 partner organizations worldwide and conducts international outreach on a global level.

The 2016 survey provides information on the international residential transactions of MIAMI members from August 2015 through July 2016.

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