What a heart warming way to spread holiday cheer. By decorating Lang offices with angel trees with names of those in need; the Lang agents under the Lang Cares initiative helps those in the community to ensure they have many gifts to open this holiday season. Amy and Noreen love giving back! Enjoy this touching video.
Check out our listing in Delray Beach, Florida. Located within Lake Ida, this home on a generous spacious lot is a unique, move-in ready opportunity! The 3 bed, 2 1/2 bath home is within walking, biking, and golf cart distance of vibrant downtown Atlantic Avenue’s fine dining, boutique shopping, festivals and beautiful beaches. Current owners have made extensive upgrades which include covered tongue and groove wood ceiling lanai with new ceiling fans, a new half bath has been added, remaining 2 bathrooms are newly renovated new brick paver wide driveway, new landscaping with all new sod, new high hats in the vaulted main living area and new light fixtures. This home also has impact windows, newer 2019 roof and so much more. The kitchen is updated with wood cabinetry, stainless steel appliances and an island that is mobile. Additional features include ample storage, 2 car garage and interior laundry. The Lake Ida community has several parks including 2 that overlook the lake with a boat launch, and 1 that is home to the Delray Beach Playhouse that showcases many live shows throughout the year. This community is the ultimate in the year around South Florida Lifestyle.
Call us at 561-571-2289
Want to know what top events are happening in Palm Beach County in the month of October 2022? Listen to Noreen Payne’s video overview. Join us every month for highlights of top events in the area!
We would love to be your trusted resource for all things real estate in South Florida, specifically Palm Beach County, as well as understand the market that you cover for future referrals. Our business takes us from Boca Raton up through Palm Beach Gardens, and all areas in between. Look for future emails in which we show you exactly which areas our team services. In order to be bestowed your trusted South Florida Realtor referral agent, we want you to get to know us a bit better. Watch this video to hear more about who we are and what makes us tick!
Check out our listing on this waterfront community in South Florida. 3 bedroom, 2 bath condo, 1,515 square feet. The Moorings consists of three buildings with amenities galore. Including valet service, two pools, clubroom, a spa, and many retailers such as the Wine & Cheese Cafe and Nina’s Coffee shop to name the view.
With the highest medium and average sales prices that we have seen in over a year and inventory weighing in at record lows, April 2021 rang in an unprecedented time in real estate. A surefire indicator of market conditions, 6-9 months of inventory is considered a balanced market. Under 6 makes for a Seller’s market, and over 6, a Buyer’s market. The average inventory in Florida today across all price points is 1.8. That’s right, a mere 1.8! Never fear, however, hope isn’t lost for the motivated buyer in Florida.
Whether you’re a buyer or seller, this market calls for strategy. To approach real estate with a recipe for success, you must account for the ingredients at hand.
Here’s the bread and butter of it: cash sales are up significantly in Palm Beach County, according to the April 2021 Florida Realtors report. It’s important to remember “cash sales” doesn’t always mean green: but instead, that the transaction was not contingent upon financing.
So, for our seller’s out there: you’ve got high probabilities of a cash offer coming your way. Now, does this mean you shouldn’t accept a finance offer? Not in the least! It means that Sellers are empowered to “demand” certain elements should you accept a mortgage. Such as a quicker loan commitment— meaning the contingency for finance ends faster (including appraisal and loan conditions). You can also weigh your options on whether to allow an appraisal contingency— for the right buyer, omitting this step may suit just fine, and the finance offer can move forward.
As for buyers? It’ll be key to keep in mind that you’re competing against cash offers— so offers need to be written aggressively, and with the least amount of contingencies. That said, it’s important to ensure you’re protected as well; and in that, a good agent will make all the difference.
Now factors aren’t the same across all price points. April’s market sweet spot is the $400-599k price point. In this turf, homes are selling in a stunning 8 days. That, compared to the 1,000,000 plus market, which is an average of 27 days to contract. So if you’re selling a home at $500,000, your price is right, the place is properly staged, and sports curb appeal? Well, you’d better start packing!
Buyers—I’m sure you’ve read your fair share of stories on scarcity, that homes just can’t be found. We’re here to tell you that they absolutely can! Simply put, you’ll need three tricks to compete in this market: an aggressive offer, the preparation to write it quickly, and a partnership with the right agent who has your back and your interests in mind.
Sellers— are you scared to sell because you haven’t yet pinned down where you’ll go next? Not to worry, we have a plan for that. Let’s partner up to sell your home and gain you the most we can, while holding space for a strategy that allows you time to find the right home for your needs. It’s a Seller’s market out there, and you’re in the driver’s seat for both your sale AND your purchase. Sit down with Noreen and I of the All About Florida Homes team of Lang Realty, and we’ll put the priorities of you and your family front and center to build you a strategy that feels the perfect fit.
It is a fact that there is a serious shortage of single family homes listed in Palm Beach County. In my many years in this industry I don’t recall ever seeing this strong of a seller’s market . If you will recall in months past, I shared with you that one way we evaluate a market is based upon inventory (or as some people call it consumption), further than 6-9 months of Inventory is considered a balanced market, under 6 is a Sellers Market and Over 9 is a Buyers market. When analyzing various market segments, we were amazed to see just how low the number of months of inventory actually is in Palm Beach County
Sales Price
$300 – $400,000 2 Months of Inventory Seller’s Market
$400 – $599,000 3 Months of Inventory Seller’s Market
$600 – $999,999 5 Months of Inventory Seller’s Market
$1,000,000 + 7 Months of Inventory Balanced Market
As we’ve recently shared, we started 2020 with over 19 months of inventory in the $1,000,000+ market.
To clarify, the above is specific for Palm Beach County and we should also state that we do see pockets of communities that tell a different story as some communities have stricter Covid showing requirements and certain buyer populations are not seeing homes in person due to Covid either.
What is absolutely amazing that if August results are as strong as July (which we fully expect them to be), then it is probable that we will be trending ahead of last years numbers. Low interest rates coupled with low inventory are making for the perfect storm to bring in a buyers frenzy on many homes.
July provided the highest number of new listings since before our shut down but as you can see above, we still need more inventory in our market.
Buyers are able to buy more home due to the interest rate – unfortunately (or fortunately for the sellers) the buyers you are competing for are also in the same position and currently we have more buyers than sellers.
So Seller’s; is this a good time to sell? Yes! This is the perfect time to get on market and sell your home – in fact, Palm Beach County could really use your home on the market as buyers need more options.
Noreen Payne, Chairman of the Delray Beach Chamber of Commerce, discusses what the Chamber is doing to help local businesses and how residents can help support non-profit organizations during these challenging times.
Amy speaks to friends,clients, and anyone looking for some answers as to how we can step up our game to make technology helpful and exciting. With Virtual tours and new technology anything is possible.
