Miami Market - Marseille Intl Mediterranean Forum

Miami Market
And International Update
Mise à jour du Marché de
Miami et l’International
Real Estate:
Immobilier :
4 Record-Breaking Years – Highest 4 Années de Records Battus – Plus
Number of Sales
grand nombre de ventes
2011 – 2012 – 2013
2011 – 2012 – 2013
Another record year for single family –
Une autre année record pour une
2014
2nd highest year ever for total sales (only .03% from
record)
_______________
Prices are still at
2004 Levels
seule famille – 2014
2nde plus grande année pour le total des
ventes (seulement 03% du record)
_________________
Les prix sont toujours aux Niveaux
de 2004
August 2015 Sales Prices
Single Family
Median $260,500
Famille Seule
Médian $260,500
+4.2%
+4.2%
Condos
$204,000
+12.1%
% Increase over 1 year ago
Appartement $204,000
+12.1%
Prix des ventes
Augmentation il y a un an
Sales Prices
Peak (Sommet) 2007
$380,000 for SF
$272,000 for Condos
Bottom (Bas) 2011
------------August 2015
$260,500 SF
$204,000 Condos
= 2004 Prices
$278,000 Single Family
$195,000 Condos
Active Listing
Inventory
Liste d’Inventaire Actif
43,000 in August 2008
17,699 in
August 2015
Mois des Inventaires:
SF = 5 Months of Inventory
Condos = 8.7 months
MIAMI Real Estate Market is Strong …
Le Marché de l’Immobilier à Miami est fort
% of List Price
% sur la liste des Prix
(LP)
Days on Market
Jours sur le Marché
(DOM)
(Famille Seule)
Single Family 96.1% LP
Condos
93.2% LP
(Appartement)
38 DOM
64 DOM
Cash Sales
National
22% Cash Sales
Miami
Apx. 49.6% Cash Sales
Miami has double the %
of cash sales nationally
33.8% Single Family
63.1% Condos
_____________
New Construction 90%
Miami a doublé le % des
ventes au comptant au
Nouvelles Ventes de Constructions 90%
niveau national
Traditional Sales Increasing
Over Distressed Sales
Augmentation des ventes Traditionnelles
Au-delà des Ventes forcées
Miami-Dade
U.S.
August 2015
74.3% Traditional
25.7% Distressed
5.6% Short Sales
20.1% Foreclosures
August 2015
Traditionnelle
Forcée
Ventes à découverts
Saisies
93% Traditional
7% Distressed
Peter Zalewski & Cranespotters.com
New Construction and Pre-Construction
Nouvelles Construction et Pré Constructions
Selling now: 103
projects with 119
towers/17,199 units
71 percent of units
already sold
The mean price per
square foot: $949
Vente maintenant
103 -- Projets Ave
119 tours/17,199
appartements
71% Services déj
vendus
Prix Moyen par
Mètre Carré: $949
International Data
Données
Internationales
New
International
Report
Just
Released
By NAR
In late June
Nouveau rapport
International
Nouvellement
mis à disposition par
NAR fin Juin
10%
Less
Sales
____
13%
More
Dollar
Volume
_________
2015 Profile d’Achat de Propriété et
d’Activité de Clients Internationaux
Pour les 12 mois prenant fin en Mars 2015
10% de
Ventes
en Moins
_____
13% en plus
de dollars
prévus
Ventes de biens
Immobiliers
pour les
Etrangers en
Milliards de
Dollars
5 Pays est égal à 51%
de tous les Achats
Internationaux des
Etats-Unis
5 Countries = 51%
Of Int’l Purchases
1. China
2. Canada
3. Mexico
4. India
5. U. K.
4 Etats est égal à 50%
de toutes les ventes
Internationales
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%
Florida has
The Most
European
Buyers 27%
La Floride compte
le plus d’Acheteurs
Européens
27%
Survey of International Home Purchases
Conducted by NAR Research for MIAMI Association of REALTORS®
Teresa King Kinney, Chief Executive Officer
Lynda Fernandez, SVP Public Relations and International
Sondage
d’Achat
International de
Propriété
Released
Conduit par la
Recherche NAR
pour
April 2015
Lawrence Yun, Senior Vice President, NAR
Jed Smith, Managing Director, Quantitative Research, NAR
Gay Cororaton, Economist, NAR
Data Gathered September/October 2014
Top Tier Countries of International Buyers in Miami-Dade-Broward
Les Meilleurs Pays des Acheteurs Internationaux
18%
16%
14%
12%
10%
8%
6%
4%
2%
0%
2011
2012
2013
2014
Venezuela
15%
15%
14%
16%
Venezuela
1
Argentina
11%
13%
11%
12%
Argentina
2
Brazil
11%
12%
11%
11%
Brazil
3
Colombia
8%
8%
8%
8%
Colombia
4
Canada
10%
9%
8%
7%
France
5%
4%
5%
5%
Mexico
5%
4%
4%
4%
Canada
5
France
6
Mexico
7
Italy
4%
3%
4%
3%
Italy
Ecuador
3%
3%
2%
3%
Ecuador
8
Peru
3%
3%
3%
3%
Peru
Spain
Second Tier Countries of International Buyers in Miami-Dade-Broward
4%
4%
3%
3%
2%
2%
1%
1%
0%
2011
2012
2013
2014
Spain
Dominican Republic
Chile
Russia
4%
3%
3%
3%
3%
3%
3%
2%
2%
2%
2%
2%
2%
2%
3%
2%
China, People's
Republic
1%
1%
2%
2%
United Kingdom
Germany
Nicaragua
Costa Rica
India
Honduras
Panama
3%
1%
2%
2%
2%
2%
2%
2%
1%
1%
1%
1%
1%
0%
1%
1%
1%
1%
1%
1%
2%
1%
1%
1%
1%
0%
1%
1%
Tied: DR – Chile – Russia – China – UK – Germany
Tied: Nicaragua – Costa Rica – India – Honduras - Panama
Miami-Dade: Top Tier Countries of International
Buyers
20%
18%
17%
France is #5 of all
Buyers worldwide for Miami
16%
14%
13%
13%
12%
10%
8%
8%
6%
6%
5%
5%
4%
4%
3%
3%
3%
3%
3%
Ecuador
Dominican
Republic
Chile
2%
0%
Venezuela Argentina
Brazil
Colombia
France
Canada
Mexico
Italy
Peru
Spain
20%
Broward: Top Tier Countries of International
Buyers
18%
18%
16%
16%
14%
13%
12%
10%
9%
8%
8%
6%
5%
4%
3%
3%
China,
People's
Republic
Ecuador
3%
3%
3%
3%
Chile
France
Germany
United
Kingdom
2%
0%
Canada
Venezuela
Argentina
Colombia
Brazil
Mexico
Second-Tier Countries of Origin
• Miami-Dade: Russia, China, United Kingdom,
Germany, Nicaragua, Costa Rica, Honduras,
Panama, India, Japan, Australia, South Korea,
Portugal, Malaysia
• Broward: Peru, Russia, India, Italy, Dominican
Republic, Spain, Australia, Costa Rica, Nicaragua,
Portugal, Honduras, Japan, South Korea, Malaysia,
Panama
International Buyers Purchasing in Miami-Dade-Broward: Upscale
Des Acheteurs Internationaux Achetant à Haut de Gamme
Mean Purchase Price: International Customers and All Buyers Purchasing in Florida
Miami-Dade-Broward Int'l Clients
Florida Int'l Clients
Florida-All Closed Sales
$500
$444
$456
$450
$400
$350
$329
$324
$301
$300
$285
$250
$224
$199
$200
$245
$150
$100
$50
$0
2012
2013
2014
Our International Customers: Significant Number of High-End Buyers
Purchase Price of the Properties Purchased by Typical International Client
from Miami-Dade-Broward REALTORS® 2014 Survey
25%
20%
20%
21%
28% over $500,000
15%
15%
12%
12%
10%
9%
7%
5%
5%
Clients Internationaux Miami
Grand Nombre d’Acheteur dans le Haut de Gamme
$1,000,001 or
more
$750,001 to
$1,000,000
$500,001 to
$750,000
$400,001 to
$500,000
$300,001 to
$400,000
$200,001 to
$300,000
$100,001 to
$200,000
$100,000 or less
0%
Average Purchase Price of MIAMI Top International Buyers
$444,052
Prix D’achat Approximatif des Meilleurs Acheteurs Internationaux
Mean Purchase Price of International Customers Purchasing in Miami-Dade-Broward
$600,000
$494,531
$500,000
$420,000
$400,000
$444,052
$424,000
$378,214
$371,930
$310,484
$300,000
$200,000
$100,000
$Argentina
Brazil
Canada
Colombia
France
Venezuela
All
Share of All Cash Sales of Top International Buyers
81% Compared to 31% Nationally – France = 96% Cash
Percent of International Sales in Miami-Dade-Broward That are All-Cash, By Major Buyer
100%
90%
96%
88%
84%
84%
80%
81%
77%
70%
65%
60%
50%
40%
30%
20%
10%
0%
Argentina
Brazil
Canada
Colombia
France
Venezuela
All
Partage de toutes les Ventes au Comptant des Acheteurs Internationaux 81%
Comparé à 31% National
France = 96% Comptant
Type of Property Purchased By Top International Buyers
Type de Propriété Achetée par les Acheteurs Internationaux
All
Venezuela
France
Colombia
Canada
Brazil
Argentina
0%
Other
Single Family-Detached
Townhouse/row house
Condo/Apartment
Commercial Property
10%
Argentina
2%
20%
3%
68%
7%
20%
Brazil
2%
9%
8%
80%
2%
30%
40%
Canada
0%
12%
6%
82%
0%
50%
Colombia
0%
20%
10%
70%
0%
60%
70%
France
8%
15%
4%
65%
8%
80%
Venezuela
1%
27%
11%
54%
7%
90%
All
3%
22%
7%
65%
4%
100%
Most Important Reason Influencing A Purchase in Miami-Dade-Broward
Raison la plus Important qui Pousse à Acheter à Miami-Dade-Broward
Most Important Factor Influencing International Customer's Decision to Purchase Real Estate in Miami-Dade-Broward, FL
100%
6%
5%
5%
3%
3%
31%
31%
90%
20%
80%
29%
34%
• Un endroit désirable
• Un Investissement profitable
• Un investissement sécurisé
Other, please specify.
(raison de sécurité)
70%
60%
20%
a desirable location (for vacation, visits,
etc.)
35%
50%
34%
38%
36%
40%
a profitable investment (income gr.)
30%
20%
45%
40%
27%
28%
31%
2012
2013
2014
a secure investment (safety reasons)
10%
0%
2010
2011
"Other" includes responses related to conditions in origin country and pursuit of education in U.S. universities.
"Other" includes responses related to conditions in origin coutry and education in U.S. universities.
Miami’s Market and Professionals are More International …
74 Percent of MIAMI Realtors Speak Language Other Than English
and 63 Percent Were Born Outside the U.S.
Are You Fluent In A Language Other Than English?
Were You Born in the U.S.?
Le Marché de Miami et les
Professionnels sont Plus
Internationaux…
No
26%
Yes
74%
74% des Agents Immobiliers
à Miami parlent d’autres
Langues que l’Anglais
Et 63% d’entre eux sont nés
en dehors des Etats-Unis
Yes
37%
No
63%
Quick
International
Facts
Beacon
Council 2015
39 Int’l Banks
73 Consulates
Passengers
Air 20 Million
Cruise 4 Million
Who’s looking at Miami
properties…
Qui est à la recherche de
propriétés à Miami
Indicators of
Future/Potential Business
Indicateurs de futures
/potentielles entreprises
Top 10 – Realtor.com International
Top 10 U.S. Cities
Searched by
International Buyers
August 2015
Pourquoi les Acheteurs
dans le monde cherchent
aux Etats-Unis ?
Le Top 10 des Villes
Américaines là où les
Clients Internationaux
cherchent
1. New York, NY
2. Los Angeles, CA
3. Miami, FL
4. Orlando, FL
5. Las Vegas, NV
6. Fort Lauderdale, FL
7. San Francisco, CA
8. Houston, TX
9. San Diego, Ca
10. Chicago, IL
Top 10 – Realtor.com International
Top 10
Countries
Searched by
International
Buyers
August 2015
1. Jamaica
2. Italy
3. Canada
4. Mexico
5. United States
6. Spain
7. France
8. Greece
9. Portugal
10. Costa Rica
MIA TOP MARKETS & TOTAL PASSENGERS YEAR 2013
Countries
Visiting Miami
France
Over 400,000
Visitors
To
Miami
DOMESTIC
New York, New York
Atlanta, Georgia
Dallas/Ft. Worth, Texas
Los Angeles, California
Washington, DC
Chicago, Illinois
Orlando, Florida
San Juan, Puerto Rico
Boston, Massachusetts
Charlotte, North Carolina
Houston, Texas
Philadelphia, Pennsylvania
Tampa, Florida
Las Vegas, Nevada
San Francisco, California
Detroit, Michigan
St. Thomas, U.S. Virgin Islands
New Orleans, Louisiana
Raleigh / Durham, North Carolina
Baltimore, Maryland
Denver, Colorado
Minneapolis, Minnesota
St. Louis, Missouri
Jacksonville, Florida
Key West, Florida
INTERNATIONAL
3,139,328
1,491,606
1,103,819
1,069,126
1,051,076
1,039,223
978,909
784,305
755,185
753,566
688,220
560,323
499,111
396,255
376,696
329,888
324,724
294,563
264,177
250,562
220,079
219,064
194,164
157,126
141,857
Brazil
Colombia
Mexico
Venezuela
Dominican Republic
United Kingdom
Canada
Argentina
Peru
Panama
Cuba
Ecuador
Germany
The Bahamas
Spain
Jamaica
Haiti
Costa Rica
Chile
France
Trinidad and Tobago
Nicaragua
Cayman Islands
Honduras
Curacao
1,963,718
1,258,184
1,249,545
1,080,738
1,049,061
974,569
840,020
764,569
688,334
678,181
672,123
592,096
579,959
566,422
562,155
551,642
510,866
496,054
411,848
402,538
342,924
339,942
335,148
324,229
319,187
SFMarketIntel.com
MIAMI Association
Site for Market Data
New York and
Miami …
are the Top U.S.
Global Cities
… In 10 years?
2025 Projection
for UHNWI …
Most Important
Cities in the World
1. NY
7. Miami
Miami & France
in the News
12/19/14
1/22/15
Bloomberg
Starwood
CEO says
“Miami is
the new
Singapore”
12/22/14
2/25/15
12/8/14
1/11/15
127 Global
Partnerships
Worldwide
127
Partenariats
Mondial
Miami
Global
Membership
$120/year
Miami/San Diego
Congress
Nov. 8-10 Miami
and
Nov 10-11 San Diego
$ 149 each
or
$ 249 both
2 Evening Receptions (dimanche, lundi)
2 Continental Breakfasts
1 Lunch
Full day program lundi, 9 Novembre
½ day program mardi, 10 Novembre
_______________________
2 Réceptions en Soirée
2 Petits Déjeuners continentaux
1 Diner
Programme Complet en Journée
Programme sur la demi-journée
Next Year
2016
International Week
in Miami
Oct 26 – Nov 2
Miami Congress
2016: Miami & Orlando
NAR in Orlando
November 3 – 7, 2016
Oct. 30 - Nov 1 Miami
Nov 2 - Miami to Orlando Tour
Fly into Miami
Fly Home from Orlando
Posted at
MiamiRE.com/Market
Teresa King Kinney, CEO
[email protected]
305-468-7010
Lynda Fernandez, SVP
[email protected]
305-468-7040
Copyright 2015 Miami Association of Realtors