SMALL CHANGES MAKE A BIG DIFFERENCE
ON OR OFF THE WALL
Have you ever walked into the paint store and wanted to walk right back out? Finding the right paint color can be overwhelming and scary! But don’t let that stop you from going bold. Nothing says “WOW” like a vivid wall--pink in this case. Make a vertical statement and pair it with eclectic furnishings to create a chic environment.
FURNITURE AS FOCAL POINT
Colorful upholstery says “Courage” and “Confidence”. And it draws the eyes like a magnet. Explore the world of fabrics and see how they can take on a life of their own with texture, pattern, and in this case--COLOR. Texture and imagery can tell a story. What will your room say?
A BIT SHADY
Accents pieces and unpredictability add a sense of creativity to your space. Who says furniture has to be a single color? Embrace different shades and variations. Experiment with paint and stain to bring out unique expression in an environment. Let color and materials coexist and see their individual character intertwine.
REMODEL, REIMAGINE, REAWAKEN YOUR HOME
Your bathroom is truly a space for relaxation and rejuvenation. Love every minute you spend in this essential space. Planning your perfect bathroom means capturing the feelings you want to experience--harmony, serenity, luxury perhaps? Consider these feelings when choosing your floorpan, materials, and finishes. Whichever architectural style you choose, form and function should be balanced to meet your needs and make you feel...blissful.
imaginative conversation starters
ENJOY THE SHOW
TRENDS IN THE HOUSING MARKET
South Bay Cities is currently in a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.
A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.
A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.
But, the winds may be shifting...
The number of single family homes for sale rose 1.3% this week, a slight deceleration from the last few weeks. The total number of unsold homes on the market will most likely climb during October, similar to last year. This is an obvious indication of slower buyer demand in the face of dramatically higher interest rates.
The question is, how will this impact home prices? We may begin to see tougher buyer negotiations for homes which are not "cherried out", which have room for improvement. This could be a way to get into the market.
As in all cycles, it takes time for the pendulum to swing, but it appears to be moving slowly out of a strong seller's market.
Tougher buyer negotiations for fixer-upper homes may be on the horizon
Homes in South Bay Cities have sold for 1.6% less than they did a year ago.
The median home sold price in South Bay Cities was $1,699,500 in August 2023, down 1.6% from last year, and the median price per square foot was $941.
$941 (price per square foot)
Difference Since August 2022
Asking Price vs. Sold Price
A total of 110 homes were sold or pending in South Bay Cities in August 2023, up by 34.1% month-over-month. Of the 110 sold homes, 39% were sold under asking, 18% were sold at asking, and 43% were sold over asking.