Once again this year, Miami Realtors, the federation representing 60,000 agents in South Florida, surveyed real estate agents about the period from August 2024 to July 2025. The 3,950 responses received were analyzed, and here are the key takeaways.
International sales on the rise
In South Florida, the total volume sold to international buyers for the period analyzed is estimated at $4.4 billion, up 42% from the previous 12 months ($3.1 billion).
It should be noted that 2024 was not a good year for international real estate in the United States, with a national decline of 21%. The total for the United States in 2025 is $56 billion (compared to $42 billion in 2024).
South Florida accounts for 7.9% of the U.S. international total, and the entire state of Florida leads international purchases with 21% of sales.
Back to South Florida: the number of sales made (5,300 compared to 4,000 in 2024) is up +33%.
The median price for international buyers is $558,700, higher than the overall median price of $524,000; and 51% of sales are made in cash (compared to 66% last year).
51% of international buyers purchased a condo. Two-thirds of them bought to rent or as a second home, or both.
International purchases in South Florida are concentrated in Miami-Dade (73%, up 39%). Broward is the second most international county in the South (18%, up 34%), followed by Palm Beach (3%).
Interestingly, 66% of international buyers had visited Florida only once or twice before their purchase.
Which nationalities?
According to South Florida agents surveyed, Colombians lead the way with 15% of international sales, and Argentinians are second with 11%. Brazil and Mexico are tied for third place with 7% each. This ranking is based on the number of sales, not the total value of real estate purchased.
Canadian buyers
The survey conducted by Miami Realtors among agents in the southern part of the state indicates that Canadians rank fourth with 5% of sales, tied with Venezuelans. This is down from 8% last year for Canada. 68% of them purchased condos, the highest percentage among international buyers.
In South Florida, 49% of Canadians buy in Broward County and 41% in Miami-Dade County. They are proportionally less present in Miami-Dade County (3% of international buyers), but they account for 10% of international sales in Broward County and 11% in Palm Beach County.
The median price for Canadians is $500,000. Mexicans spend the most ($934,000), followed by Brazilians ($777,400), Colombians ($584,000), and finally Canadians.
However, they lead the way in cash purchases with 77%.
According to the National Association of Realtors (NAR), Florida remains the top destination for Canadians at 48%, followed by Arizona (12%) and California (9%).
