Presentation for Important Members of the Russian Guild of Realtors Teresa King Kinney CAE, RCE, CIPS, GRI, TRC, RSPS Chief Executive Officer Miami Association.

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Presentation transcript:

Presentation for Important Members of the Russian Guild of Realtors Teresa King Kinney CAE, RCE, CIPS, GRI, TRC, RSPS Chief Executive Officer Miami Association of Realtors (Formerly RAMB)

Miami Association of Realtors Represents 24,000 Members Represents 3,000 Companies Now... The Largest Local Association in the U. S.

MIAMI – RGR MIAMI – St. Petersburg MIAMI - Russian Society of Appraisers Partner Associations 15 years - Since 1996 Invitation to all RGR Regional Associations to Partner

Market Opportunities Miami Ft. Lauderdale and South Florida

The Miami Lifestyle Has Not Changed - but the Market Prices Have! The Opportunities …

Source: Mercer Consulting

Miami Market 2.4X RE Appreciation … + 240% in 10 years Followed by 2-1/2 Years of Bad Market/ Low Sales (Market Correction) Then … Nearly 3 Years of Increased Sales Now … 2011 may set a New Record # of Sales

Miami Sales of Apartments/Condominiums 94% Increase From 1 year ago Single Family = 40% increase in 1 year Apx. 35 months of increased sales

Single Family Homes $169,200 Condominiums $115,700 _________________________________ Average Sales Prices Single Family Homes $349,990 Condominiums $255,469 Median Sale Prices “Median” is the EXACT middle (As many homes sold OVER this amount as sold UNDER)

Referral Business Opportunities RGR/Russia - Miami

19,924 Miami Residences for Sale $ USD List Price Per Sq Ft Average $269/Sq Ft Median $176 /Sq Ft

17,445 Broward/ Ft.Lauderdale Residences for Sale $USD List Price Per Sq Ft Average $185/Sq Ft Median $125/Sq Ft

Downtown Miami – National News - NBC NIGHTLY NEWS WITH BRIAN WILLIAMS DOWNTOWN MIAMI: BOOM TO BUST TO BOOM “Downtown Miami occupancy at 74 percent”

Downtown Miami – National News - NBC TODAY SHOW HOUSING MARKET ON THE REBOUND “Downtown Miami is now home to a growing population of young professionals, families, empty nesters and Latin Americans who are making Miami their primary residence.”

Downtown Miami – National News - CNBC & MSNBC HOUSING BATTLES BACK “Inventory’s been flying off the shelves by 350 units a month.”

The Economist “Miami is one of just a few cities around the world that attract international buyers.”

International Buyers In Miami

Russian Buyers in Miami Buy mostly … Condominiums Miami Beach Sunny Isles Hollywood/Hallendale

NAR Annual Conference Anaheim, California November 11 – 14, 2011 Miami Congress November 6-8, 2011 … And 2012 – Orlando/Miami, FL

Seminars Luncheons Tours of Developments Expo Receptions Russian Translation Russian Hosts Miami International Conference November 6 –8, 2011

MIAMI and our most valued Russian Guild of Realtors Partners … Together we can make much business! \