Chief Executive Officer Miami Association of Realtors (Formerly RAMB)
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Transcript of Chief Executive Officer Miami Association of Realtors (Formerly RAMB)
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)
Miami Association of Realtors
Represents 24,000 MembersRepresents 3,000 Companies
Now . . . The Largest Local Association in the U. S.
MIAMI – RGRMIAMI – St. Petersburg
MIAMI - Russian Society of Appraisers
Partner Associations 15 years - Since 1996
Invitation to all RGR Regional Associations to Partner
Market OpportunitiesMiami
Ft. Lauderdale and South Florida
The Miami Lifestyle Has Not Changed- but the Market Prices Have!
The Opportunities …
Source: Mercer Consulting
Miami Market2.4X 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/Condominiums94% IncreaseFrom 1 year ago
Single Family = 40% increase in 1 year
Apx. 35 months of increased sales
Single Family Homes $169,200Condominiums $115,700
_________________________________
Average Sales Prices
Single Family Homes $349,990Condominiums $255,469
Median Sale Prices“Median” is the EXACT middle
(As many homes sold OVER this amount as sold UNDER)
Referral Business Opportunities
RGR/Russia - Miami
19,924MiamiResidences for Sale$USD
List Price Per Sq FtAverage $269/Sq FtMedian $176 /Sq Ft
17,445Broward/Ft.LauderdaleResidences for Sale$USD
List Price Per Sq FtAverage $185/Sq FtMedian $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 oneof just a few cities aroundthe world thatattract internationalbuyers.”
International BuyersIn Miami
Russian Buyers in MiamiBuy mostly …CondominiumsMiami BeachSunny Isles
Hollywood/Hallendale
NAR Annual ConferenceAnaheim, CaliforniaNovember 11 – 14, 2011
Miami CongressNovember 6-8, 2011
… And 2012 – Orlando/Miami, FL
• Seminars• Luncheons• Tours of Developments
• Expo• Receptions• Russian Translation • Russian Hosts
Miami International ConferenceNovember 6 –8, 2011
MIAMI and our most valued Russian Guild of Realtors Partners …
Together we can make much business!\