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 Members

Represents 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 Opportunities

MiamiFt. 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 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

Miami

Sales of Apartments/Condominiums

94% IncreaseFrom 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

19,924MiamiResidences for Sale$USD

List Price Per Sq Ft

Average $269/Sq FtMedian $176 /Sq Ft

17,445Broward/Ft.LauderdaleResidences for Sale$USD

List Price Per Sq Ft

Average $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 Miami

Buy mostly …

Condominiums

Miami Beach

Sunny Isles

Hollywood/Hallendale

NAR Annual ConferenceAnaheim, CaliforniaNovember 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 ConferenceNovember 6 –8, 2011

MIAMI and our most valued

Russian Guild of Realtors Partners …

Together we can make much business!\