Out-of-Area Buyers Continue to Search for Real Estate in South Florida

It’s no secret that South Florida remains the hotspot for relocation. Buyers from the Northeast & Canada continue to flock to South Florida. The Broward, Palm Beaches & St. Lucie Realtors® launched a consumer ad campaign in May 2022.

The campaign connects the relationship between consumers and REALTORS® and portrays why REALTORS® are the trusted source when buying or selling a home. The Broward, Palm Beaches & St. Lucie Realtors® have been driving interested consumers back to their website OnlyARealtor.com, where potential customers have been learning more about REALTORS® and South Florida. 

Website statistics from OnlyARealtor.com in September 2022

Top 5 Countries outside of the U.S.

• Canada – 11%

• United Kingdom – 4%

• India – 2%

• Germany – 2% 

• Brazil – 1%

Top 5 U.S. States outside of Florida

• New York

• Virginia 

• Ohio

• Washington 

• California

Top 5 U.S. Metro Areas excluding South Florida

• Columbus, OH

• The Bronx, NY

• Tampa, FL

• Alexandria, VA 

• Orlando, FL
  

“Our state continues to grow, and we are witnessing that growth right here in South Florida. Our REALTOR® members are working with out-of-state and international buyers frequently. It’s no shock when you live in absolute paradise,” said Carlos A. Melendez, President of the Broward, Palm Beaches & St. Lucie Realtors®.

According to the National Association of Realtors® 2022 international transactions in real estate survey, Foreign buyers purchased over $14.1 billion worth in Florida. Canada ranked as the top country moving to the United States from April 2021 through March 2022. Within the U.S., Florida seemed to be the top destination for most international transactions from Canada, Mexico, China, India, Brazil, and Columbia. Since 2021 BeachesMLS reports that over 1,700 Canadian Buyers purchased residential property in South Florida.   

Broward, Palm Beaches & St. Lucie Realtors® is the 3rd largest local Realtor® association in the nation, representing over 42,000 Realtors®. Their subsidiary, BeachesMLS powers, over 43,000 MLS subscribers across South Florida & the Treasure Coast. For more info, visit Rworld.com or contact Communications@rworld.com.