presentation for important members of the russian guild of realtors teresa king kinney cae, rce,...
TRANSCRIPT
![Page 1: Presentation for Important Members of the Russian Guild of Realtors Teresa King Kinney CAE, RCE, CIPS, GRI, TRC, RSPS Chief Executive Officer Miami Association](https://reader035.vdocuments.net/reader035/viewer/2022062407/56649e2b5503460f94b1a0aa/html5/thumbnails/1.jpg)
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Presentation for Important Members of the
Russian Guild of Realtors
Teresa King KinneyCAE, RCE, CIPS, GRI, TRC, RSPS
Chief Executive Officer
Miami Association of Realtors (Formerly RAMB)
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Miami Association of Realtors
Represents 24,000 Members
Represents 3,000 Companies
Now . . .
The Largest Local Association in the U. S.
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MIAMI – RGRMIAMI – St. Petersburg
MIAMI - Russian Society of Appraisers
Partner Associations 15 years - Since 1996
Invitation to all RGR Regional Associations to Partner
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Market Opportunities
MiamiFt. Lauderdale and South Florida
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The Miami Lifestyle Has Not Changed
- but the Market Prices Have!
The Opportunities …
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Source: Mercer Consulting
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Miami Market
2.4X RE Appreciation … + 240% in 10 yearsFollowed 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
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Miami
Sales of Apartments/Condominiums
94% IncreaseFrom 1 year ago
Single Family = 40% increase in 1 year
Apx. 35 months of increased sales
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Single Family Homes $169,200
Condominiums $115,700
_________________________________
Average Sales Prices
Single Family Homes $349,990
Condominiums $255,469
Median Sale Prices“Median” is the EXACT middle
(As many homes sold OVER this amount as sold UNDER)
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Referral Business Opportunities
RGR/Russia - Miami
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19,924MiamiResidences for Sale$USD
List Price Per Sq Ft
Average $269/Sq FtMedian $176 /Sq Ft
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17,445Broward/Ft.LauderdaleResidences for Sale$USD
List Price Per Sq Ft
Average $185/Sq FtMedian $125/Sq Ft
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Downtown Miami – National News -
NBC NIGHTLY
NEWS WITH
BRIAN WILLIAMS
DOWNTOWN MIAMI: BOOM TO BUST TO BOOM
“Downtown Miami occupancy at 74 percent”
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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.”
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Downtown Miami – National News -
CNBC & MSNBC
HOUSING
BATTLES BACK
“Inventory’s been flying off the shelves by 350 units a month.”
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The Economist
“Miami is oneof just a few cities aroundthe world thatattract internationalbuyers.”
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International BuyersIn Miami
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Russian Buyers in Miami
Buy mostly …
Condominiums
Miami Beach
Sunny Isles
Hollywood/Hallendale
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NAR Annual ConferenceAnaheim, CaliforniaNovember 11 – 14, 2011
Miami Congress
November 6-8, 2011… And 2012 – Orlando/Miami, FL
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• Seminars
• Luncheons
• Tours of Developments
• Expo• Receptions• Russian Translation • Russian Hosts
Miami International ConferenceNovember 6 –8, 2011
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MIAMI and our most valued
Russian Guild of Realtors Partners …
Together we can make much business!\