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!\