Welcome to the latest issue of my newsletter!
As a your Realtor and Broker, I strive to keep in touch with my clients and provide them with information that I hope they will find useful. This newsletter is an opportunity to let you know about the state of the market and current trends. It may even touch on ways that you could enhance your home’s value. I hope the market data and articles will help you with understanding real estate today and help you with your real estate decisions. If you have any questions, please do not hesitate to contact me.
Kurt Galitski
Trend, Tips & Tricks
Costa Mesa Real Estate Sales Data
Average Listing Price (last 24 months)
Average List Price in April
Single Family Homes | $599,655 | Condos/ Townhomes | $338,836 | Multi-family | $861,927 |
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Monthly Trivia articles
May
Whether you celebrate Cinco de Mayo, Mother’s Day or just are happy for the long weekend this month, to many people May means that summer is just around the corner. After all, it is the last full month of Spring. Summer comes next month.
May is named after Maia, the eldest of the Pleiades, the seven daughters of Atlas and Pleione in Greek mythology. She was also the mother of Hermes.
The birth flower for May is Lily of the Valley or the Hawthorn. The modern birthstone is Emerald (patience, understanding and foresight) and the traditional birthstone is Chrysoprase (secrecy and fertility).
Costa Mesa Real Estate Sales Data
Price Reduction (last 12 months)
Recent Price Reductions in April
Single Family Homes | 4.9% | Condos/ Townhomes | 5.3% | Multi-family | 5.3% |
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Home Improvements and Which Ones to Do
Home Improvements and Which Ones to Do
Whether you plan to sell in the near future, or just want to improve the value of your home, here is one low cost improvement you should consider.
Replace laminate kitchen countertops. This is a more expensive project than just painting, but it can dramatically improve the look of your kitchen-for less than 15 percent of the cost of gutting your kitchen and starting over. The laminates of today are available in all kind of colors and patterns, some of which resemble much more expensive solid surface materials, such as stone or tile.
Another benefit-replacing your laminate kitchen counters can be a one-day job, rather than the 8-12 weeks of disruption you can expect with a complete kitchen remodel.
Costa Mesa Real Estate Sales Data
Days on Market (last 24 months)
Current Average Days on Market in April
Single Family Homes | 131 | Condos/ Townhomes | 153 | Multi-family | 159 |
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Keys for Buying and Selling when the Market is slow
Keys for Selling When the Market is Slow
It’s a whole new world for home sellers. So, how do you make your house stand out so it will sell when sales are slow?
Curb appeal. After pricing, nothing will bring more potential buyers into your home than a house with outstanding curb appeal. Take a walk down your street with a critical eye. How does your home stack up from the outside? If it doesn’t stand out from the rest then it’s time to get to work.
Consider home staging. The quickest way to add value to a home for sale is a fresh coat of paint. After that, you may want to consider home staging-either do it yourself or hire an outside firm. A home staging professional will come in and take away some furnishings and rearrange others to make your home show better and to make it home more appealing to prospective buyers.