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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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Posts Tagged ‘Sales on Miami Beach’

Miami Beach Real Estate: Face to Face

Thursday, October 7th, 2010

Ok, I am not going to bore you with the usual market info, such as the market is  up but prices are down, prices are down but the market is up, prices are up but forclosures are down……. Now the latest, the banks are holding back on foreclosures. So now some of the homes that have been sitting empty and  have been neglected are only going to be in worse shape and the values will fall even lower. Makes sense to me!!! Anyway, I read in Business Monday in the National Enquirer, I mean the Miami Herald that real estate agents are tweeting, texting, blogging, e mailing, you name it in order to get business. Just curious, dosen’t anyone want face to face contact and conversation? Afterall,  your home is one of the largest investment you ever make, don’t you want to meet the person and feel comfortable with them? Have confidence  that they know what they are doing and know their market?  No offense to my fellow Realtors but some of you do this for a hobby and as my friend Neal Rogers would say…what you know about real estate, you can put in a thimble and have room for the Chinese Army! Enough said. Anyway, it got me thinking about my dad. He sold real estate on Miami Beach for many many years and was President of the Miami Beach Board of Realtors (that’s when Miami Beach had a board of Realtors)  and when he would come home from work, he was home from work. We had dinner together,  he helped with homework, talked, and he put us to bed. All that with NO interruptions!  All this technology would of amazed him. But he often told me there was no substitution for peh el peh, which means face to face in Hebrew. Just wondering if anyone else feels that way anymore. But I have to go, my cell phone is ringing, I have an e mail to answer, a text to return, a fax to get out, and a twitter to tweet!

Miami Beach Real Estate: Listings, Sales, and a Whole lot more!

Monday, September 13th, 2010

Its been a while folks! I got so busy with the end of the summer, back to school thing that time just slipped away. I finally got smart and stopped buying everything on the the school supply list. Once I discovered I still had 12 duotangs (who came up with that name), boxes of #2 pencils, and 5 composition notebooks, it was time to stop! My youngest entered “middle school” and that was a big step. I”ve already had the dreaded back to school night  for both the middle school and the high school. The good thing is I finally didn’t get stuck in one of those chairs form my kids desk.  Elementary school was tough, when I stood up the chair came with me! I’m sure you can all relate…how embarrassing! Now on to real estate……..

We have been super busy. We got 2 new lsitings so far this month: 3757 Sheridan Ave which is a 3/2, 1930s home, very charming and adorable, cozy (realtor speak for not very big), cathedral ceiling, fireplace,and in move in condition.  Asking $569,000.

Our other listing is 4422 Alton Rd. which is a great deal. Its a short sale but its got 4 bedrooms, over 3000 sq. ft, pool, renovated, but neglected! Asking $539,000. We already have 5 offers! Go team go!

And…..we have 2 wonderful homes under contract:

725 W. 50 Street and 345 W. 34 St., and we will be closing at the end of the month. Of course I will keep you posted. I am always available for any questions, comments, and referrals.

My other listing is located at 4422 Alton Road. Its a short sale but an excellent opportunity for someone. It has a new gourmet kitchen, pool, stone floors, 3 bedrooms upstairs and 1 down, formal dining, just an all around nice big family home. In all honesty, its been neglected and needs some TLC. Asking $539,000. 

Speaking of short sales, I truly wish the banks could get it together with these  short sales and foreclosures. I have put a few under contract but by the time the banks gets them  approved  the property has deteriorated so much, the buyers are backing away or asking for credits. The bank laughs at the whole credit thing so you go back to square one and write another offer (lower of course). The banks need to give a response in 30 days. I know they are swamped, well hire more people. The last time I checked there were a lot of people out of work….hello!

Miami Beach Real Estate: Going, Going, Gone

Thursday, August 5th, 2010

Yes, we did it again! One of my favorite homes, 725 W. 49 St. located in mid Beach sold and closed on Monday for $750,000. What a great property in a great location. 3 bedrooms, 2.5 baths, totally redone with impact windows, beautiful eat in kitchen, fab dining room, gorgeous terrazo and hardwood floors, and beyond great architectural detail. It was a smooth transaction and the buyer was happy, the seller was happy, and the Realtor was really happy!  We’ll keep posting our woderful listings and sales to keep you in touch with the market.

Miami Beach Real Estate: Ball of Confusion

Wednesday, August 4th, 2010

Hi there all, its been a while. Last week was a rough week. Very busy running around and showing property and showing property and showing property. Do you see the pattern here? Lots of showings! Not selling but showing! I think most buyers are still looking for that “deal”, the “great buy”, the foreclosure. There are good deals out there. Prices on the Beach are back to 2002 prices but yet that’s not good enough for some people and they will continue to search. This leads me to the confusion part. Look at The Miami Herald today. The market is looking good, there are all these pending sales, its unbelievable, its fantastic, its a bunch of……confusion! One day the market is good, another day its awful, prices are up, prices are stable, prices are down. The paper says one thing, the Internet another, the TV news another. The reality is if anyone really knew, we wouldn’t be in this mess!! If you are a buyer, buy! If you’re a seller, sell. Buyers are thinking its going to keep going lower so I’ll wait and sellers are thinking, its going to bottom out and get better so I’ll wait. While everyone is waiting, both parties are missing out. So, I will be a Nike ad, “Just do it!”

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: 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!

Miami Beach Real Estate: New Listing Alert!

Tuesday, June 29th, 2010

New listing alert…..4331 Sheridan Ave. This is a 4bedroom 3.5 bath house built in 1925 and was taken down to the rafters and rebuilt. It was done in the best of taste with the finest materials. Every detail is sheer perfection. Gorgeous and private heated pool, gourmet kitchen, fab living and dining room, exquisite landscaping.  It is available for rent at $6900 per month fully furnished or for sale at 1,300,000. You heard right 1.3. It is not for the bargain hunter, tire kicker, short sale/foreclosure expert,  but for the person looking for a home where no expense was spared and they are ready to enjoy the architectural detail and luxury this home offers. Its easy to show so give a call!

Miami Beach Real Estate: For he’s a jolly good fellow

Thursday, June 10th, 2010

In 2001, Miami Beach became the first city in the state of Florida to pass a “living wage” ordinance. The purpose was to pay full time employees enough to keep them above the poverty line. The law also says that the living wage must be increased each year to adjust for the rising cost of living. But guess what, that never happened. What a surprise, so the commissioners unanimously voted on Wednesday to increase the minimum wage of their employees by $1.50 per hour. So, come 2012 (which seems like a long way off) employees receiving health benefits will make $11.28 per hour and those without benefits will receive $12.92 per hour. Way to good commissioners!

Speaking of wages, how about that Scott Rothstein. 50 years in prison. I think they should have him work his tail off night and day and repay everyone he stole from, especially the charities.  Just a word of advise, the old saying if something sounds too good to be true, it usually is. So forget about getting a return of 200% on an investment. Greed is a funny thing, don’t let it get the better of you! Hey Mr. Rothstein, would you like a little bread with that water?

Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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