Past Corporate Colleagues to the Present Amy and Noreen Team of Lang Realty

Noreen Payne and Amy Stark Snook are well known around town. You can find them showing properties in Delray Beach and surrounding Southern Palm Beach neighborhoods, dining and shopping along Atlantic Avenue, networking at the Chamber of Commerce, and giving back at many local charitable events.

While many may know their name, many may not know that they are a powerhouse female real estate team that supports the local community, their clients and new realtors.

“Being involved isn’t just about giving back; it’s about building a stronger, more connected Delray Beach,” said Noreen. “Through our engagement with local nonprofits and organizations, we not only make a positive impact, but also forge lasting relationships that benefit our clients and the community as a whole.”

“We service our clients and keep them informed throughout the process. Our clients are excited to refer us. The recipe of success relates to a balance of work, life and giving back,” said Amy.

With over 20 years of real estate experience at your disposal, the Amy and Noreen Team at Lang Realty pride themselves on providing clients with a stress-free real estate experience, every step of the way. They have helped their clients navigate the real estate market throughout Palm Beach County.

Noreen and Amy collaborated successfully in Corporate America 27 years ago, where they both received training under a shared corporate culture. This training instilled in them similar values, work ethic, professionalism, and sales/service etiquette, providing a strong foundation for their careers. Reuniting in the real estate industry was a natural fit for Noreen and Amy, allowing them to leverage their complementary skill sets to deliver ideal solutions for their clients

Although Noreen and Amy can perform each other’s roles interchangeably, they collaborate to strategically divide tasks and maximize efficiency in their work. Amy, with her analytical mindset, thrives on analyzing listings, pricing, and negotiating contracts to successful closings. Noreen excels in matching buyers with their ideal homes, leveraging her deep knowledge of the area and various communities. She also specializes in marketing and showcasing the team’s listings effectively to potential buyers. Together, they develop comprehensive marketing strategies to showcase their listings and provide exceptional service to clients.

Noreen is deeply committed to the local community, actively involved in leadership roles within several local non-profit organizations including The Greater Delray Beach Chamber of Commerce, The Achievement Center for Children & Families, Impact 100 PBC, and the Business Development Board of Palm Beach. She maintains strong relationships within the community, leveraging her network for the benefit of clients.

Meanwhile, Amy dedicates her time to the real estate industry, serving in various capacities within Florida Realtors and the Women’s Council of Realtors. Her involvement allows her to stay informed about industry trends and best practices, ultimately benefiting the clients we serve. Additionally, Amy co-chairs Lang’s Community Outreach committee under the Lang Cares program which focuses on supporting those at risk within the communities.

Led by Amy and Noreen with their strong corporate background, industry knowledge and community involvement, the team has grown to include Paige Mercado, the Team Support Specialist and dynamic newer agent Namrata Israni. Together they make up The Amy and Noreen Team.

Lang Realty and our Broker, Scott Agran, are committed to the success of every agent within the brokerage. The leadership team at Lang, along with the administrative support team, dedicate their efforts to providing cutting-edge tools and resources for effectively marketing and selling our listings.

Amy serves as one of the Assistant Managers at Lang and is privileged to participate in the weekly leadership meetings. This firsthand involvement allows her to witness the dedication of Lang Realty in ensuring its agents thrive and stand out in the industry. The culture at Lang Realty is characterized by strong support and camaraderie among team members. Despite being a large Palm Beach-based company, Lang fosters a more intimate and close-knit setting or culture. This unique combination allows for a supportive environment where individuals feel valued and connected.

One notable aspect of Lang’s culture is its agility. Despite its size, Lang can quickly implement new ideas, innovations, and strategies. This nimbleness enables the company to adapt swiftly to market changes and continuously improve services for agents and clients alike. The culture at Lang embraces creativity, collaboration, and responsiveness, fostering an environment where individuals can thrive and contribute to the company’s success.

Amy and Noreen treat their clients like friends and their business focuses on their relationships with their clients.

Their clients praise them for helping them with all their real estate questions.

“Above the rest and beyond the best! That was our experience with the Amy and Noreen Team. Buying and selling a home at the same time can be beyond stressful, but Amy and Noreen made the whole process an absolute breeze! Their team was on top of everything, every single step of the way. They went above and beyond in every aspect to ensure outstanding results. Their level of professionalism, knowledge and expertise cannot be overstated. They are top-notch, and we could not be happier that we chose them. We highly recommend The Amy & Noreen Team to anyone buying or selling a home!” stated a happy client.

Another client stated, “Amy Snook and Noreen Payne are very experienced in their communication skills, their marketing strategies and are anticipatory of the expectations of the potential buy-ers. Both are very professional and knowledgeable. I get updated all the time about viewings, comments and offers from buyers. I highly recommend Amy and Noreen for their excellent work in the real estate business.”

Meat Market, Boca Raton Hot Spot

Sizzling vibes and succulent food at one of our favorite hot spots in Boca Raton, Meat Market!🥩🔥 Great happy hour options daily from 3-6PM, outdoor bliss and indoor charm – because life is too short for ordinary dining🍴✨
📍 Meat Market – 2000 NW 19th St, Boca Raton

November 2023 Market Report – By Amy Snook

November 2023 Market Report – October 2023 Data

Our phone has been inundated with inquiries following the recent news release highlighting a significant drop in pending sales, marking the lowest figures in many years. The reports suggest a return to a Seller’s market due to inventory dwindling to 3.2 months, well below the threshold for a balanced market.

However, it’s crucial to recognize that the media’s portrayal is just a snippet of the whole narrative. While their statements may hold some accuracy, they fall short of capturing the complete picture, much of which is positive. I urge caution in accepting media reports as absolute truth. Feel free to reach out to us at any time, allowing us to provide a comprehensive understanding of the real dynamics in our market.

Certainly, pending sales saw a decrease but of only 97 homes in Palm Beach County compared to the previous month (1034 down from 1131). Yet, when considering the same period last year, a more seasonally relevant metric for our market, there is an increase. New listings entering the market have also risen by 11.4% from the corresponding time last year.

Nationally, people have been in a holding pattern, monitoring interest rates, the stock market, and global events. A recent drop in interest rates, coupled with the acknowledgment that these rates are our new reality, has spurred Sellers to act. This might not be universally true, but in our Palm Beach County market, a sought-after destination, the situation is more optimistic than the news suggests.

Cash sales have seen an uptick, our median sales price is on the rise, and although the average sales price has dipped, it’s attributed to the luxury market’s slower pace compared to price points under $1,000,000. Consequently, we now have 10 months of inventory, classifying it as a buyer’s market. However, price points below $1,000,000 remain in the Seller’s market territory with inventory below the 5-7 month range considered balanced.

Despite the prevalence of luxury homes skewing the average, our local real estate market is far from doom and gloom. We’re actively listing and selling homes, employing creative contracts with seller concessions, innovative marketing strategies, and increased investments in open houses and broker events. The palpable surge in activity and enthusiasm in the South Florida market indicates an upward trend, and I eagerly anticipate next month’s report reflecting the impact of our seasonal dynamics.

 

Amy 

 

 

October 2023 Market Report – September 2023 Data – By Amy Snook

 

October 2023 Market Report – September 2023 Data

Inventory in the real estate market, while still lower than pre-pandemic levels, is showing promising signs of improvement. New listings are gradually increasing, resulting in a higher number of active listings at the end of September compared to the beginning of the month. One contributing factor to this positive trend is the decision by the Federal Reserve to hold off on raising interest rates during their last evaluation. As a result, people have adapted to the current interest rate environment, making them more willing to sell their homes and embark on their next real estate ventures.

For those of us immersed in the real estate industry, there is a prevailing sense of optimism, with increased activity from both buyers and sellers. The Amy and Noreen Team, for instance, has been actively engaging in contract negotiations and bringing fresh listings to the market. However, it’s crucial to emphasize that the pricing of listings remains a critical factor in this market. Listings that align with the market’s expectations for the right price tend to attract more showings and offers, leading to faster transactions.

Determining the right price, though, is not straightforward due to the unique circumstances of the past 6 to 9 months. The market did not follow its typical pace during this period. To address this challenge, some real estate professionals have begun looking back two years to identify trends. In certain cases, appraisers are being consulted to establish an appraised value, which then serves as a foundation for pricing strategies. This approach is particularly relevant in the Palm Beach County Luxury Market, where an oversupply of homes, with over 9.6 months of inventory, favors buyers. This has led to numerous price reductions as homes in this segment spend more time on the market compared to properties in other price ranges.

Interestingly, while the total dollar volume of closed sales remains consistent with the same period last year, the number of closed sales has decreased year over year. What’s remarkable is that the average price has risen in recent months, with the median price remaining almost identical to previous months. This indicates that the overall closed sales volume is influenced more by the price point of each sale than by the number of sales. The enduring high demand in Palm Beach County is apparent, but buyers are becoming more discerning, paying close attention to both property quality and pricing. Realtors are consequently investing more in marketing to attract potential buyers, and prospective buyers are actively exploring neighborhoods and attending open houses.

In the sub-$1 million segment, it continues to be a seller’s market.  The local news outlets report a “3-month supply” of inventory at the end of September which would lead you to believe that the seller has an advantage at all price points under the $1 million mark,  It’s essential to remember that these reports often aggregate all price points, which may not accurately represent your specific price range. The sub $600,000 market is at the 3 months of inventory but within the $600,000 to $999,000 range, the months of inventory have reached approximately 4.54, nearing the balanced market threshold of 5 months. In contrast, the luxury market still faces an oversupply, with over 9.6 months of inventory, offering discerning buyers a range of options.

Sellers need to be proactive and thorough when marketing their homes, focusing on staging, curb appeal, competitive pricing, flexibility in showings, open houses, videos, professional photography, advertising, social media promotion, postcards, and other strategies to maximize their property’s exposure. Collaborating with real estate professionals can help tailor a strategy aimed at attracting potential buyers.

 

Amy 

 

🎃👻 BOCA’S KID-FRIENDLY OCTOBER FUN GUIDE! 👻🎃

 

Hey there, it’s your Spooky Neighborhood Realtor, and I’ve got the lowdown on kid-friendly October adventures in Boca!

Oct 22nd – Halloween in the Garden
Gumbo Limbo Nature Center
4:30pm – 7:00pm
Click HERE for more details

Oct 13th – 15th – Boca Pumpkin Patch Festival
Mizner Park
4pm -9pm
Click HERE for more details

Oct 21st – Halloween At the Y
YMCA
6:30pm – 8:30pm
Click HERE for more details

Make October unforgettable with these family-friendly activities in Boca! Follow my page for the scoop on all the coolest activities, events, and hidden gems in our amazing city!  👨‍👩‍👧‍👦🍂👻

New Listing in the heart of SOSO, West Palm Beach!

NEW LISTING!✨
🌴Step into modern elegance in the heart of SOSO in West Palm Beach! This Mid-Century modern gem has been transformed with contemporary warmth and style🏡☀️
Open House Sunday, October 8th from 2 – 4PM
📍 242 Rutland Blvd, West Palm Beach
Amy Snook and Noreen Payne
Amy & Noreen Team of Lang Realty
561-571-2289

Palm Beach County’s September 2023 Market Report – August 2023 Data – By Amy Snook

September 2023 Market Report – August 2023 Data

I came across a report displaying listings nearing expiration and was surprised to see the significant number on this list. In our current real estate market characterized by low inventory and high demand, it’s unexpected to observe numerous listings in Palm Beach County remaining on the market for extended durations, and we are witnessing a resurgence of expired and canceled listings.

This situation is quite surprising in a market where demand consistently surpasses supply. So, what types of properties are actually moving? Interestingly, new constructions and renovated homes seem to be the most popular. From my perspective, homebuilders of new properties seem to be offering incentives to expedite their inventory turnover, while renovated homes present an attractive option for buyers looking for a hassle-free move-in experience. The prospect of construction, especially with soaring costs and challenges in finding reliable trades, appears daunting to many.

The prevailing higher interest rates continue to impact our market, leading to fewer closed sales compared to the previous year. However, intriguingly, the total volume of sales remains nearly identical to that of the same time last year due to the sustained increase in property prices. In fact, both median and average sales prices in Palm Beach County have witnessed an upswing.

Demand remains robust in Palm Beach County, and I suspect this holds true for most of Florida, driven by our favorable tax structure, pleasant weather, and abundant opportunities. Our phones have been constantly ringing with inquiries from prospective buyers seeking very specific properties. Most buyers conduct extensive online research, underscoring the importance of a strong marketing strategy for your listings.

Homes are taking longer to sell, emphasizing the need to adapt listings to stay relevant and noticeable. Although Palm Beach County boasts a higher percentage of cash buyers compared to other regions, pricing remains a critical factor in our price-sensitive market.

To enhance our market conditions, we need an infusion of more inventory and stability in interest rates. In the August market report, it’s evident that properties up to $999,999 are in a clear seller’s market for Palm Beach County homes—an observation consistent with much of the county.

In the luxury single-family home market, properties priced over $1,000,000 are still in a balanced market and teetering on the border of a buyer’s market. The abundance of inventory at this price point underscores the necessity for listings to stand out, both in terms of visibility to agents and appeal to potential buyers through appropriate pricing.

Conversely, the luxury condo market is unequivocally a buyer’s market, facing challenges due to the uncertainty surrounding future assessments for buildings to comply with new statutes affecting many condos close to the coastline.

Despite the challenges, our market has experienced a surge in activity over the past 30 days. We eagerly anticipate forthcoming market reports to observe the positive impact of this upturn in activity.

 

Amy

Events In & Around Delray Beach in October 2023 – By Noreen Payne

Want to know what top events are happening in Palm Beach County in the month of October 2023? Listen to Noreen Payne’s video overview! Join us every month for highlights of events in the area! Call us with any questions! 561.571.2289

Happy Halloween! 🎃