by Kathy Gibson | Oct 22, 2024 | Uncategorized
When it comes to selling your home, first impressions matter. Potential buyers want to envision themselves living in your space, and that means your home needs to be in its best possible condition. In this article, we’ll provide you with a comprehensive guide on how to get your home ready to sell. From decluttering to staging, these tips will help you attract buyers and secure a successful sale without the need for any numerical references. Streamline Your Space Start by decluttering and depersonalizing your home. Remove personal photos and memorabilia, as these can distract potential buyers. Creating a clean, neutral ambiance will help buyers visualize their future in your property. When buyers walk into a space that feels personalized, they may have a hard time seeing themselves living there. Keep the decor simple and tasteful, allowing your home’s features to shine. Handle Any Cost-Effective Repairs Before listing your home, explore budget-friendly repairs that can enhance its appeal. Updating bathroom fixtures, giving the kitchen a minor facelift, or applying a fresh coat of paint are all affordable changes that can make a big difference. Be sure to also have any iffy appliances repaired if you plan to leave them. To find quality appliance repair service, connect with local pros online through a dedicated app that connects you with vetted experts who can schedule you quickly. Boost Curb Appeal Making a strong first impression is crucial when selling your home. The exterior of your property is the first thing buyers see, so it needs to be inviting. Simple steps like landscaping, painting the front door, and general maintenance can go a...
by Kathy Gibson | Feb 9, 2024 | Buying, Home and Garden, Market, Neighborhood, Open House, Selling, Uncategorized
California Association of Realtors 2024 Housing Market Forecast California housing market will rebound in 2024 as mortgage rates ebb. Existing, single-family home sales are forecast to total 327,100 units in 2024, an increase of 22.9 percent from 2023’s projected pace of 266,200. California’s median home price is forecast to climb 6.2 percent to $860,300 in 2024, following a projected 1.5 percent decrease to $810,000 in 2023 from 2022’s $822,300. Housing affordability* is expected to remain flat at 17 percent next year from a projected 17 percent in 2023. LOS ANGELES (Sept. 20) – Slower economic growth and cooling inflation will bring down mortgage interest rates in 2024 and create a more favorable market environment to spur California home sales next year, according to a housing and economic forecast released by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The baseline scenario of C.A.R.’s “2024 California Housing Market Forecast” sees an increase in existing single-family home sales of 22.9 percent next year to reach 327,100 units, up from the projected 2023 sales figure of 266,200. The 2023 figure is 22.2 percent lower compared with the pace of 342,000 homes sold in 2022. The California median home price is forecast to rise 6.2 percent to $860,300 in 2024, following a projected 1.5 percent dip to $810,000 in 2023 from $822,300 in 2022. A persistent housing shortage and a competitive housing market will continue to put upward pressure on home prices next year. “2024 will be a better year for the California housing market for both buyers and sellers as mortgage interest rates are expected to decline next year,” said C.A.R. President Jennifer Branchini, a...
by Kathy Gibson | Jan 22, 2024 | Buying, Market, Neighborhood, Selling, Uncategorized
Despite a slight rise in inflation at the end of last year, the news headlines for 2024 have mostly been positive. Consumers are starting to believe that overall price growth is slowing, and there is stabilization in rates. Additionally, more homebuyers who were previously on the sidelines are returning to the market. These are encouraging signs that could jumpstart the housing market in the new year and potentially lead to a turnaround. If this positive sentiment persists and the upward momentum continues, we may witness a resurgence in market activity in the near future. Pasadena, CA Mon Jan 22 2024 This week the median list price for a single family home in Pasadena, CA is $1,595,000 with the market action index (MAI) hovering around 52. This is about the same as last month’s market action index of 52. Inventory has held steady at or around 70. The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward...
by Kathy Gibson | Oct 23, 2023 | Uncategorized
Pasadena, CA Mon Oct 23 2023 This week the median list price for a single family home in Pasadena, CA is $1,674,500 with the market action index (MAI) hovering around 52. This is less than last month’s market action index of 53. Inventory has held steady at or around 90. The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices....
by Kathy Gibson | Oct 2, 2023 | Uncategorized
Pasadena, CA Mon Oct 02 2023 This week the median list price for a single family home in Pasadena, CA is $1,600,000 with the market action index hovering around 53. This is less than last month’s market action index (MAI) of 55. Inventory has increased to 91. The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices....
by Kathy Gibson | Jun 26, 2023 | Uncategorized
Pasadena, CA Mon Jun 26 2023 This week the median list price for a single family home in Pasadena, CA is $1,499,991 with the market action index hovering around 52. This is an increase over last month’s market action index of 50. Inventory has increased to 91. In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the market action index. If the market heats up, prices are likely to resume an upward climb. Altadena, CA Mon Jun 26 2023 This week the median list price for a single family home in Altadena, CA is $1,249,000 with the market action index hovering around 58. This is about the same as last month’s market action index of 58. Inventory has increased to 35. Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s...