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Cyndi Henriksen with Partner Andy Casas
Cyndi Henriksen & Her Partner Andy Casas
    Years of Experience: 20 + "Experience is Priceless"

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EWM Realtors
419 Arthur Godfrey Rd
Miami Beach, FL
305-216-1156


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Archive for July 2010

Miami Beach Real Estate: Knock, Knock….

Monday, July 26th, 2010

Yea thats right, listen closely because thats opportunity knocking! There are some real good deals on Miami Beach these days. I remember a few years back when I would get calls and a buyer would want to spend about $500,000 on a property. I was so busy holding back my laughter that I never got their name and number. So if you’re out there, I am no longer laughing and I have a paper and pencil ready to write down your name, number, e mail address,  your kids birthday, …… But seriously, there is a foreclosure at

4320 Post Ave., Miami Beach. 3 bedrooms, 2.5 baths, built in 1935, hard wood floors throughout, granite kitchen counters, garage conversion, and a nice yard. The asking is $403,900. I think its a great opportunity at a great location. Knock, knock!

5383 Alton Rd, knock, knock! Fab house on the golf course with guest house, fully renovated, gorgeous pool. Usually not a fan of AltonRd but this house is a winner. The front door is on 53 st with easy access onto the road, you don’t even know you are on Alton!  Asking $825,000….make an offer.

We all know the short sale process is a pain in the —( neck) but if you have the patience you can get a really good deal. Watch out, some of the photos can be misleading. The house looks fantastic from the pictures and you get all excited until you get to the house and boy what a dump!!!! Sometimes those good deals aren’t such good deals! So, if you have any questions or need any info please don’t hesitate to give us a call. Remember, “experience is priceless”.

Miami Beach Real Estate:The Good, The Bad, The Ugly

Wednesday, July 14th, 2010

The Good: Shop Miami Beach is the fun event coming this weekend to Miami Beach. From 12 noon to 8p.m. on Saturday and Sunday a tent will be set up on 21 Street and Collins Ave. with more than 30 retailers  selling clothes, accessories, watches, bags, and much more. There will be a DJ, bar, giveaways, and toss in everbodies favorite 4 letter word SALE and you’ve got yourself one fine event! 

The Bad: Our home listed at 5237 La Gorce Dr. was reduced from $915,000 to $869,000 yesterday. Why is that bad? It just shows prices are still weak and price is  still the big factor in bringing the buyers around. We are selling bricks and mortar! I know its location, location, location but now its price, price, price! But its a great house (4 bedroom, 3 bath, pool, impact windows)at a great location at a great price, so don’t miss out!

The Ugly: Banks repossessed more than 24,000 South Florida properties in the first 6 months of 2010. Thats about 4,000 repos per month which represents an 83% increase over the first 6 months of 2009. In Miami Dade County there was 1,800 repos per month, an increase of 125% compared to 2009! Yikes! But wait, an implementation of the online foreclosure auction system is partly responsible for the spike. It allows more properties to be auctioned off each month. If you need help with selling before it gets to that stage, give us a call. We have closed several sales and short sales over the past few months. Remember, ” Experience is Priceless“.

Miami Beach Real Estate: Look out LeBron

Monday, July 12th, 2010

Here I was showing property in mid Beach to a wonderful couple and my cell phone rings. Usually I hate to answer the phone when I’m with other people because I like to give my buyers and sellers full attention.  This was my time for them! Since it was their second time in the house and they were off rearranging the kitchen, I decided to pick up. Well, guess who it was? Thats right the King himself, LeBron James asking me, Cyndi Henriksen if I had time to show him a few places. All of a sudden, my buyers called my name and ruined one of the the best day dreams I ever had!!! So if you’re out there LeBron and you’re looking, I’m right here but you’ll have to wait until I’m finished with this couple!!

Miami Beach Real Estate: Hallelujah

Thursday, July 8th, 2010

I can’t believe it finally happened…We closed on 4465 North Bay Rd! It was a short sale and sold for  (better sit down) $400,000! What a great deal and the people who bought it are lovely, and thrilled, and excited, and know they got a great buy! It was a 4 bedroom, 3 bath home and had impact windows. Not a lot of yard space but still a great location. We ran into a problem because of the hold up with the federal flood insurance stand off which was causing a lot of deals to be put on hold. As you know, Miami Beach is in a flood zone and you can not close if your’re obtaining financing without flood insurance. But it got resolved with the help of a great mtg. broker, Shawn Chemtov and a great title company, Clear Title. Thanks guys for all your hard work! Its onward and upward! If you know of anyone interested in buying or selling on Miami Beach, have them give us a call.

Miami Beach Real Estate: Hot line, Hot line

Friday, July 2nd, 2010

In todays Miami Herald (Wed. June 20) an article in the business section written by Kimberly Miller says that 40% of home sales in the state are foreclosures! In Miami Dade County (or Wade County if you’re a Heat fan) 47% of all home sales were foreclosures. Its interesting to compare that in 2005 less than 1% of Florida home sales were foreclosures. By 2007 it was 4% and last year it was 38%. Don’t fret, Florida wasn’t even in the top three states for distressed home sales. Arizona came in third with 50%, California came in second with a respectable 51%, and the winner (or loser) was Nevada with a whooping 64%.  Nationally 93,777 homes were foreclosed on in May. In Florida it was 10,491 who lost their homes during that same month.  There should be more inventory on the horizon, and where it stops, nobody knows!

Miami Beach Real Estate: Fun Fact and Info

Friday, July 2nd, 2010

This is interesting……The average sq. footage in new single family homes have gotten bigger and bigger over the years, until recently. In 2007 the average home was 2521 sq. ft but in 2009 it was 2438 and still shrinking! Also, there was a time when a majority of new homebuyers wanted 2 story homes. The whole grand entrance down the stairwell thing, kids running up and down (how Norman Rockwell), and the exercise! In 2006 57% of the homes were 2 story and now (2009) they only represent 53%. People are now looking at one story homes as more practical and less exhausting. Who needs a gym membership when you have a 2 story home!

FYI….they have extended the tax credit for first time home buyers. If you were under contract by April 30, you had to close by June 30 in order to receive the $8,000 credit. As of Wednesday, June 16, they have extended that deadline until September 30 (my birthday) to close! The banks are backed up and there’s this nonsense with the federal flood insurance program. Its always something!

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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