Real Estate Development Manager Salary

For Real Estate Development Managers, annual average wages total $83K per year. Total cash earnings of Real Estate Development Managers range from $54K on the low end to $140K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $25K and $20K, respectively. Residence and tenure each impact pay for this group, with the former having the largest influence. Generally, women make up less than a third of all Real Estate Development Managers who answered the questionnnaire. Medical benefits are awarded to a large number, and a majority earn dental coverage. Job satisfaction is high and work is enjoyable for most Real Estate Development Managers. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$52,314 - $125,971

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$52,314 - $125,971  
   
Bonus
$974 - $25,116  
Profit Sharing
$-0.50 - $19,727  
Commission
$5,896 - $30,521  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$53,704 - $140,316  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 348
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Job Description for Real Estate Development Manager

The real estate development manager oversees the day-to-day operations for a real estate development. Additionally, they are responsible for the continued growth and development of the company. Most of the time, a manager provides excellent customer service to develop relationships with current and potential clients; this includes answering queries, responding to complaints, and ensuring clients are satisfied. At times, the real estate development manager must forecast new trends in the ever-changing real estate market. They also need basic accounting skills to handle the budgeting aspect of this role; they must successfully develop and manage department and/or project budgets.

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Real Estate Development Manager Tasks

  • Review sites to assess costs and needed steps for zoning, local ordinances, and acceptability.
  • Write recommendations for how to proceed with various properties, neighborhoods and strategies.
  • Analyze existing economic, demographic, market, and environmental variables to identify areas for expansion.

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Popular Skills for Real Estate Development Manager


Real Estate Development Managers usually report a few specific skills. Most notably, skills in Real Estate, Project Management, Financial Analysis, and Contract Negotiation are correlated to pay that is above average. Contract Negotiation, on the other hand, is typically associated with much lower pay. Financial Analysis and Project Management are also commonly seen together.

Pay by Experience Level for Real Estate Development Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Real Estate Development Managers, more experience generally translates to higher pay. Salaries of relatively inexperienced workers fall in the neighborhood of $72K, but folks who have racked up five to 10 years see a notably higher median of $86K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $102K. More than 20 years of experience mean a somewhat bigger median paycheck of $117K, but it's not much more than what less experienced people make.

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Experience Affects Real Estate Development Manager Salaries

Late-Career
up arrow 31%

Experienced
up arrow 14%

National Average
$89,000


Entry-Level
up arrow 19%

Skills That Affect Real Estate Development Manager Salaries

Real Estate
up arrow 8%

Project Management
0%

National Average
$89,000

Financial Analysis
up arrow 2%

Contract Negotiation
up arrow 23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 52 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
2%
1-4 years
24%
5-9 years
35%
10-19 years
27%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 68%
vision benefits Vision: 49% employee benefits None: 12%
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