Ellen Windheim
& Leonard Zackon

Ellen: 954-673-7136
[email protected]

Leonard: 954-673-7138
[email protected]

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The housing market in 2012: 3 predictions by Trulia

  1. Delinquencies will go down, but foreclosures will go up. Fewer borrowers will fall behind on their payments next year, thanks to the strengthening economy and refinancings…..But many borrowers who fell behind on their payments during the housing crisis are still in limbo:  That means that some delinquent loans haven’t yet entered the foreclosure process.
  2. Rents will rise — which is a bad thing. With fewer people buying homes and more people losing their homes to foreclosures, the rental market is only going to get tighter .
  3. Mortgage rates will inch up — which will probably be a good thing. A stronger economy will push Treasury bonds and mortgage rates up because inflation becomes more likely and investors demand higher rates to hold bond .  .. Gradual economic recovery is good news for the housing market even if it means higher mortgage rates —  We’ll have higher rates for a reason we can cheer.

Jed Kolko from Trulia made the above predictions:  Kolko
“My crystal ball is never as crystal-clear as I’d like, but I do think that we can expect a gradual economic recovery to move the housing market a few steps back toward normal in 2012.”
Summarized from report in the Huffington Post

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The Summit: 1201 S. Ocean Dr. 1005 N

summit beachWe are happy to offer an exciting new condo for sale steps from the Hollywood Broadwalk, Florida.

Please call or email for more information, and stay tuned!  We’ll be posting some more photos very shortly.

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1201 S. Ocean Dr. Hollywood Fl unit 1706 N: Just listed

The Summit unit 1706 N

The Summit unit 1706 N

1201 S. Ocean Dr. unit 1706

1201 S. Ocean Dr. unit 1706

The Summit is a fantastic oceanfront property, steps from the Hollywood Broadwalk, and we just listed a wonderful 2 bedroom/ 2 bath condo at the Summit for $389,000.  At over 1600 sq ft,, this represents a renovated beach property for sale at under $250/sq ft. with amazing water views to the east (Hollywood Beach) and to the west (Intracoastal Waterway).

The kitchen is completely updated with stainless steel appliances, and the bathrooms have custom cabinetry.  Not only is the unit fully renovated, it comes totally equipped and furnished!

Please email or comment on this blog for more info.

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Incredible opportunity at The Summit on Hollywood Beach, Fl

Condo on the Beach

Condo on the Beach

Now, you can buy a 2 bedroom 2 bath oceanfront condo for $279,000 or  under $170/sq. ft. at this newly reduced price.

Unit 608 at the Summit has views of the intracoastal and the ocean, and is located steps from Hollywood Beach and the Hollywood Broadwalk.

The condo has

and many, many amenities.

Without a doubt, best deal on the Beach!

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1635 Weeping Willow Way, West Lake Village Florida 33019

1635_weeping_willow_wy_1635_MLS_1364901_HID568087_ROOMfrontviewhouse

for saleAbout a mile from Hollywood Beach and the Atlantic Ocean is a charming gated community known as West Lake Village.  And nestled right on the back of the Anne Kolb Nature Preserve, with mangrove trees shading the rear of the house, is a beautifully kept townhouse, with outstanding features, priced at $350,000.

West Lake is a 24/7 secure community with wonderful amenities, including tennis and fitness center., whle the monthly maintenance fee is only $210 !

Click here for a virtual tour

Come visit our open house on November 15, 2009 between 2:00 and 4:00 pm.

For more information, about this townhouse or other great properties call Ellen @ 954-673-7136

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Obama, Buffet and Me

So you’re wondering what do Warren Buffet, Barack Obama, and Ellen Windheim have in common?  I recently received an email from a friend commenting  on the success of many of my Columbia University alumni, including Buffet and Obama.  Before contacting Warren and Barack  with some fantastic buying opportunities in the South Florida real estate market, I thought I should verify their educational backgrounds.  I had thought that Obama was a Harvard graduate, but it turns out my friend was right: Obama did go to Columbia for undergraduate political science studies.

And, in what must be one of Harvard’s worst admission decisions, Warren Buffet was actually rejected by Harvard, and attended Columbia Graduate School.  As for me, I also went to Columbia University School of Business for my Masters in Business Administration.

Tenuous connections, you might think, for networking with these superstars: the richest man in the universe (still?)and the  President of the United States?  Maybe, but I’m still looking forward to the next Columbia Alumni mixer.

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The Venture at Aventura, Fl: 18900 NE 29th Ave, Penthouse 16

venture view from ph #16The Venture in AventuraI drive past the Venture condo development most days, on my way to EWM’s Aventura office, which is only a couple of blocks away, and I think how well situated it is, and if I lived there I wouldn’t even need to drive to work. The Venture is adjacent to Loehmann’s Plaza, Founder’s Park and Country Club Drive, with its jogging and bicycle path, and Aventura Mall, with all its restaurants, shops, and cinemas.

Aventura is known for its great schools, both public and private. And, located between Fresh Market and Whole Foods, the opportunities for food shopping are amazing. Not only can you find all these urban amenities at your doorstep, but the Venture itself has some pretty terrific features:

The Penthouse units are especially attractive, in that the ceilings are 10 feet high. Penthouse #16 has great water views, and can now be purchased at an amazingly low price. So come check it out! http://sef.mlxchange.com/Pub/EmailView.asp?r=972257349&s=SEF&t=SEF

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Hollywood Beach Condo Sales: Is It Gloom & Doom or Hope on the Horizon?

hollywood condo sales We’ve all heard the expression “Numbers don’t lie” . but we also know that they can be used to prove different points of view, depending on the numbers you choose to emphasize and the point you’re trying to make. More than ever, professionals and consumer alike are being barraged by an onslaught of statistics, (we used to call them sadistics), including graphs, trend reports, etc— mostly telling us that inventory is up! prices are falling! sales are down!

But are there regional differences, or are all communities alike? Are there pockets of opportunity for the savvy buyers & sellers?

Using the graph as illustration, showing sales of waterfront condos in Hollywood, in particular those within the 33019 zip code, it is possible to focus on one area’s listing/sale ratios. Looking at the condo market priced between $250 to $600,000, I was surprised to discover that, although the average sales price had been trending down since last July, it had started to move from March/April in an upwards direction.

Does this mean the correction is flattening out, at least for this area, spelling GOOD NEWS for sellers, and a Call for buyers to ACT NOW.

To negotiate these murky market waters, it has never been more important to have the benefit of the expertise of a real estate professional. For further discussion on market data, please feel free to contact me at:

Ellen Windheim
[email protected]

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