The South Beach Condo Index is comprised of nine buildings in the SoFi neighborhood in South Beach. These nine condo represent some of the most luxurious, prestigious, and expensive Miami Beach real estate.
In total there are 2,110 Miami Beach condos in the index. In the first quarter of this year, there were only 18 units sold.
Miami Beach Real Estate Stats for South Beach Condos
Here you can see the list price vs sale price for the first quarter of this year. Because I have been doing these stats for so long, I quickly notice that the sold/$psf is decreasing. The chart below compares sold/$psf for 2008 to 2009.
Gianni Versace's former Miami Beach home located at 1100-1116 Ocean Drive in South Beach
Here's a great aerial (taken by me) of the late Gianni Versace home at 1100-1116 Ocean Drive in Miami Beach.
The property consists of two lots; the corner lot was the former Revere Hotel which Versace bought in 1993 for $3.7M, and the main home which he purchased in 1992.
The property was sold after his death in 2000 for $19,000,000 and is now a private membership club.
Laurie was workin' it yesterday giving the vendors a wake up call about their technology. One thing Laurie said really resonated with me was that many of us out in the trenches know MORE about the technology and how things should work--then the vendors.
She's right. Many times I end up bringing the vendors up to speed on the latest/greatest. It gets old, though. What we do is not that hard.
Can't we get an IDX provider who knows more than us. It's really not that hard.
Our properties/listings are our lifeblood. We should harness the power OF our own info to make us money---not to make other companies money and then pay THEM for OUR info from those companies.
Confusing. Naw.
We will only get what we deserve when we demand more from our vendors.
You know the funny part: So many "start ups" look at THE CONSUMER (home buyer/home seller) as the client--these people should look at the real estate agent as the consumer (and put out a kick-as* product). They would make a lot more money.
I've been watching this story develop for the last year. There hasn't been a lot of chatter on this subject--and I find that fact fascinating. Lately, there is more chatter on the newest Twitter app than the reality of what is happening RIGHT now. Escapism? You bet!
Why am I writing this? I'm writing this because if traditional brokerage firms can't make it--nor can others, especially those who "feed" off of the real estate industry.
I was speaking to someone today, who is very knowledgeable and influential. Our concensus was that the real estate industry will emerge from this situation A VERY different, almost unrecognizable form of it's former self.
I don't wish anyone ill-will, but only the strong, most innovative and flexible will survive.
I'm a freak for "trust'n and verify'n". I'm a control freak, and I admit that. Today, while scouring the internet (Twitter), I followed a link from @mashable and led me to a killer blog post with a tool that lets check the net for your listings.
This morning while performing my morning ritual "Googling" of "Miami Beach Real Estate", I noticed that Trulia, who has held the #1 spot for some time, was no where to be found.
"It's not just Miami. Something has happened to Trulia. I was talking to another client about this on my morning call. Trulia has fallen out of tons of search results.
It's something specific to Google
Raleigh real estate - Google rank (not in top 100) - Yahoo rank #4
Houston real estate - Google rank (not in top 100) - Yahoo rank #4
Dallas real estate - Google rank (not in top 100) - Yahoo rank #5
Ann Arbor Real Estate - Google rank 159 - Yahoo rank #2
This is only a small example"
I'd love to hear what SEO experts believe and or attribute this to!
I just did my last post of the year. I sat back and pondered and really, really liked the post for many reasons. Five minutes later, and even more proud of myself, and my post, I deemed it, in my own head, my best post of the year! I know it's short, and you may not see what I see, but that's ok.
I'm not writing this post to pat myself on the back, I'm curious to know what YOU thought was YOUR best post of the year. You don't need any explanations or criteria---give me your gut instinct!
I'd find it interesting to read what YOU think is "good stuff"--and we can all share our best works!
Happy New Year.
UPDATE: Please leave a link in the comments to YOUR post!
Cyndee's candor and ability to demonstrate her success on her panel from blogging and Web 2.0 made it's way to me today all the way from Orlando.
I really think it is important for people looking to move into these new arenas (blogging, Web 2.0) that the speakers be able to quantify their success and be able to demonstrate their success with these new tools.
I'm sure Cyndee's willingness to be forthcoming not only solidifies her celebrity, but actually HELPS the people in the audience!
This is exactly why I have a problem with Inman's 25 Most Influential Bloggers. Looking at the list, most of the "Influentials" are either sponsors, advertisers, or writers for Inman.
I know there are agents out there, and companies, that are actually making money by blogging.
I find it sad that a lot of people are actually looking to these panelists, publications for their guidance.
In business, success and influence is acquired by actually making money.....no?
In my opinion, Laurie Manny is one of the most overlooked successful real estate agent bloggers.
Josh Flagg persecuting his grandmother for her money when she dies. She's a holocaust survivor and all he cares about it getting all of her cash. Well, according to my GOD, The Real Estalker, Josh Flagg was jailed two weeks ago for allegedly stealing FROM HIS owner's homes. More at the Real Estalker's Blog
That bowl cut on Chad
Why does Chad feel that he has such a great skill in calming down "irate clients?" "Hey, Chad, you dork, don't p*ss your clients off in the first place--then they won't be "irate" with you, d*uchebag."
One more thing: what putz takes an overpriced 90 day listing? That's a hallmark of a successful agent.
Lastly, Madison was one of the apprentices in Project Blogger. Oh and one small thing: READ MORE HERE
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