Joey Vanas, Sales Associate

Joey moved to Miami Beach in 2001 and quickly fell in love with the thriving beach community. He worked in residential real estate with a primary focus on the high-end residential condo market. In 2004, he moved to Las Vegas and worked on the marketing of several resort and residential live-work-play concepts. Joey recently moved back to the beautiful sands of Miami Beach and is thrilled to be in his native Florida again where he can enjoy outdoor activities such as surfing, swimming, cycling, and soccer.

Contact Joey Vanas

Office Phone: 305.673.5300
Mobile: 702.759.9469
Email: joeyvanas@gmail.com
Fax: 305.576.8306

Chicken Little Syndrome

This morning I spent a few minutes reading a fellow real estate practitioner’s blog that I have to say is just downright crazy, and whom I am going to refer to as the “Chicken Little Blogger”. Recent articles and posts on this particular blog read something like this, “Hard Times”, “Why Prices Won’t Stop Falling”, “It’s Falling Apart As Predicted”, and “It Will Only Get Worse”. I am so over these doomsday predictions and fear mongering people. Our economy is going through a very tough time, yes, and our local real estate market is hurting, but transactions are still taking place and we still have so much opportunity around us.

So let’s look at the facts as supplied by the Florida Association of Realtors for the City of Miami Beach on residential resale activity [note: this does NOT include new construction]:

1. In calendar year 2007, a total of $3.04 billion in residential resale activity, or 4,618 transactions with an average sale of $657,973.

2. For the first six months of 2008, a total of $1.2 billion in residential resale activity, or 1,885 transactions with an average sale of $640,267.

I remain positive, motivated and appreciate what is available to me. So let me share with you an example of a deal we closed this week. A few days ago we turned over the keys to a first time homebuyer of a fantastic one-bedroom art deco condo in South Beach. This property has high 10′ ceilings, a faux fireplace, totally redone kitchen, original wood floors, in a classic 1930’s art-deco building, and situated in a fabulous central location. I am talking just a few steps to Flamingo Park, three blocks to Lincoln Road Mall, two blocks to Washington Ave, and three blocks to the beach.

We represented the sellers and in just over 2 months sold the property for 92% of asking price. The sellers originally purchased the property as a second home and thoroughly enjoyed the property over the years. They walked away with a solid profit and many memorable experiences.

Now I don’t know about you, but even if we see a new low of $2.0 billion in resale activity for 2008, how is that such a HUGE problem? Unfortunately, I think that the real issue is that people don’t want to do the work and change their ways.

Wow, I guess the sky is not falling on my head.

Successful Sale Of Art Deco Gem

Miami Angel Properties is pleased to announce the successful sale of a one bedroom art deco gem on behalf of our clients out of New York City. The sellers originally purchased the unit in January 2003 and utilized the condo as a second home for many years.

The property is located on Twelfth Street, just off Meridian Avenue and Flamingo Park, in a classic 12-unit art deco condo project that was built in 1947. The unit featured high ceilings, original hardwood floors, plenty of natural light from corner windows, a fully renovated kitchen and bathroom. “The seller’s came to us just a couple of months ago asking us to get the deal done”, stated Ross Milroy, the managing broker of Miami Angel Properties. The sale was successfully closed in only 67 days compared to the average of 125 days for similar units in South Beach. Additionally, the sellers realized a sales price equivalent to 92% of their asking price, which is another major achievement as compared to our competitors.

For further information on this property or to request a consultation on your needs,please call us at (305) 673-5300 or email us at info{at}miamiangelproperties.com