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2	Single Family Homes
3	Additional Year End 2004 Stats Actual Home Sales: 5,000 (highest ever) Total Volume: $650 million (highest ever and highest average sales price ever) Current Available Inventory: approximately 1,600 residential home listings (lower than normal) Above figures provided by Coastal Bend MLS.
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8	Where Are Buyers Coming From?
9	Retail Market Positive home market Average Lease Rates: $18 to $22 per square foot, triple net Big Box – one store locations. Other area Big Boxes effect sales in Corpus Christi.
10	Apartments Four new apartment projects – Saratoga & Patti Curtis Clark & South Staples IH 37 & Rand Morgan Cimarron between Lipes & Saratoga
11	Rent vs. Buy
12	Office Market Central Business District Average Rates: $12-$18/psf Expenses: $6-$7/psf Suburban District Average Rates: $12-$14/psf Expenses: $6-$7/psf No new product – need $20/psf rates
13	CBD Office Buildings One Shoreline Plaza Built 1986 Cost $60,000,000 Sold 1995: $12,500,000 Sold 2000: $26,000,000 Foreclosed 2004 Frost/TCB Building Built 1983 Cost $45,000,000 Sold 2004: $18,000,000
14	Medical Office
15	Industrial Market Service & Distribution Average Lease Rates: $2.75 to $4.00 (depending on building square footage) Total Market: 18 million square feet Occupancy Rate: 80% Figures based on year end 2004 No new construction
16	Ranch & Vacant Land Values Going Up Brush Land In Demand
17	Investment Real Estate Cap Rates: Net Income = Value Rate Cap rates are at an all time low Return on investments are lower Sales prices are higher Options to invest are fewer
18	Selling Corpus Christi Tierra Grande Magazine Kiplinger Magazine Example: Padre Island Increasing Values: Historically from $2,500 to $4,000/ff Currently from $8,000 to $12,000/ff For 300 feet waterfront lots
19	Predictions For 2005 Moderate but positive growth Slightly higher interest rates Home values increase at a moderate 3 to 4% Toyota plant in San Antonio could have impact within a 400 mile radius for suppliers Wall Street / R.E.I.T. should continue to grow Look for higher land prices for vacation homes and waterfront property Land values everywhere will increase
20	Hot Tip Buy ugly Buy vacant
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22	"For a copy of this..." For a copy of this presentation, surf to www.joeadame.com/market/RotaryPres/RotaryPres.htm