July's Market Update

Welcome to your monthly "Market Update". Let's take a look at residential Real-Estate activity in Zip Code 91016 during the month of July.

The number of active listings was down 34% from one year earlier and down 2% from the previous month.

As you can see, the median listing price for the month... was just under $550K.

Compared to last year, the average number of days units spent on the market before being sold was down 32%. This lower number of days may signal a positive trend in the local inventory-turnover rate.

Meanwhile, The median sale price was over $550-thousand dollars.

Overall, The number of units sold decreased 14% year-over-year and Increased 28% month-over-month

Thanks for visiting us, we hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.

http://www.century21.com/real-estate-information/91016-monrovia-ca/LZ91016

MAKE YOUR HOUSE LOOK BIGGER TO POTENTIAL BUYERS

No matter what the square footage is of your home, there is always potential to make it appear larger and more appealing to potential buyers. An offer can depend on whether your property is interpreted as a cozy bungalow or cramped old cottage. The difference between these two descriptions often depends on staging and utilizing the space effectively. Here are some tips on how to make the most of a small space.

• Crisp and clean. First and foremost, your home should be clean and free of any fingerprints, scuffmarks and dust. Dirt and grime can detract from even the most spacious of rooms. 
• Let in the light. Natural light is a major selling point. Open curtains and blinds to illuminate every room and make sure those windows are streak-free. Eliminate clutter. Clutter on countertops can make a space feel cramped. Even if you ordinarily store the blender, knife set and toaster oven on the kitchen counter, store these items away when potential buyers are viewing the property. The same goes for bathroom counters. 
• Invest in built-ins. Built in shelves, bookcases and wall units provide both a showcase and storage without seeming clunky. Built-ins often add interest to a small space with architectural detail.
• Think neutral. Bold paint color can make a room seem smaller, consider white or neutral tones to enlarge the space.
• Minimize for maximum results. An oversized couch or extra wing chair can overwhelm a room. Don't cramp an averaged-sized room with unnecessary furniture.

To learn more tips or to speak with a friendly CENTURY 21 Adams & Barnes Sales Association about the value of your home in the current market please contact our offices at 626-358-1858 or 626-963-7621.