Florida Holds the Crown
For the 16th consecutive year, Florida remains the number one destination for U.S. foreign buyers. With $3.1 billion in Miami foreign buyer dollar sales, the state continues to dominate as a prime real estate market. Whether it’s the pristine beaches, vibrant culture, or investment potential, Miami remains highly desirable.
Top of the Charts:
- New York leads as the top out-of-state origin for Miami buyers.
- Miami foreign buyers came from 49 countries, with Latin America and Europe playing key roles.
Cash is King:
- Sixty-six percent of Miami foreign buyers paid all cash, a significant increase from the 50 percent national average.
- Canada, Brazil, and Argentina recorded the highest all-cash sales.
Why They Buy:
- Seventy-six percent of properties were bought for vacation or rental purposes, highlighting Miami’s appeal as both a getaway and investment hub.
High Rollers:
- Mexico, Brazil, and Canada reported the highest median purchase prices, each exceeding $590K, indicating strong demand for upscale properties.
Hot Spots:
- Miami-Dade accounted for 65 percent of foreign buyer sales, followed by Broward (26 percent) and Palm Beach (2 percent).
Interesting Fact:
- Over 50 percent of foreign buyers visited Florida two times or less before deciding to invest, showcasing the market’s immediate appeal.
What This Means for You
The data makes it clear — Aventura is experiencing significant growth, and the momentum is expected to continue. Florida’s dominance in the real estate market makes this an ideal time to explore investment opportunities.
How Viceroy Residences Aventura impacts the Aventura Market:
Viceroy Residences Aventura is set to redefine the local real estate landscape. As the first development of its kind in the area, it marks the beginning of a transformative era for Aventura’s property market. Beyond offering luxury living, Viceroy Residences introduces a unique blend of upscale lifestyle and smart investment potential. This project is more than a residence; it’s a symbol of growth and evolution for Aventura.
Want to Get Involved?
If you’re ready to explore Aventura’s thriving real estate market, this is your chance to be part of a transformative opportunity.
💎 Visit our Website: brosdaandbentley.com
📞 Contact Us: (305) 788–9393
