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LA Westside Sales Highlights - November 2013

by Craig Whitlock

This report will provide a quick overview as to how the Westside micro-markets are currently performing and then compares that data to the same period a year ago. The key market indicators are:

Pending Sales Activity - sometimes referred to as the 'Number of Properties Under Contract'. This is a forward-looking indicator of current sales activity where there has been an accepted offer and escrow has opened.

Median Sales Price - that point at which half of the properties have sold for a greater amount and half have sold for a lesser amount. This indicator pinpoints where in the price spectrum homes have sold rather than reflecting home value. There is a common misperception that a drop in the MSP directly indicates a drop in home value. It is far more likely that the drop indicates either smaller, older and/or homes in lower-priced areas have sold during the period.

Months Supply of Inventory (MSI) - a leading indicator of market supply, which directly impacts pricing. Generally, a five to six month supply indicates market equilibrium while anything less signals a 'seller's market' and anything above a 'buyer's market'.

LA Westside Homes For Sale - Sales Highlights Chart - November 2013 Information not guaranteed. © 2009 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors)

To view a portfolio of four additional reports trended over the past 12 months: Properties For Sale, Days On Market, New Properties For Sale and Supply & Demand, visit the Market Sales Data section. If you have any questions or would like to discuss this data at greater length, just drop me a note or call.

Painting Kids' Rooms: Tips and Tricks to Get It Right

by Craig Whitlock

Looking to set up a nursery or revamp the color of your tweens bedroom? Painting is an easy and cost-effective way to create just the right atmosphere. But knowing how to get started can feel overwhelming. These tips will help you choose the best type and color of paint, while keeping the process quick and stress-free.

Sheen Savvy -Sheen determines how shiny your paint looks when it's dry. Choosing the right sheen adds the perfect finishing touch on a room, and it can make a big difference when it comes to cleaning up.

Semi-Gloss - Brings a soft shine to the room without being overpowering. It's good for kids' rooms because it's durable and easy to clean. You can wipe off crayon and pencil marks with common non-abrasive cleaners.

Eggshell/Satin - Has a smooth finish with a subtle sheen, and is washable and scrubbable.
Flat - A beautiful matte coating with no shine. It is ideal for low-traffic areas and hides minor dents or nicks best.

Choosing Colors
For many DIYers, choosing paint colors can be a tricky and time-intensive process. There are so many options and many people worry about making a big color mistake.

Get inspired - Look through magazines, websites such as Pinterest®, an online pinboard, and even at friends' homes to get some ideas.

Try them out - Once you've narrowed down your color choices, try out your top picks to see how they will look in the room with your specific lighting conditions.


Painting Tips
• Consider using a combination paint and primer -- it can save you time and money by eliminating the need to use two painting products.
• Work from the ceiling down to the baseboards. Do one entire wall or area at a time.
• Use wide masking tape to mask off areas you don't want to paint, such as window panes or trim.
• Use a roller to paint in blocks of roughly 4 x 4 feet. Paint adjacent blocks before each previous block dries to help blend the edges.
• Paint molding and woodwork with a brush, in the direction of the wood grain. Use short strokes to coat the surface, then use longer, smoother strokes for an even and finished surface.
• Make sure the room is well ventilated as you paint.
• Pick a paint that dries quickly and has low odor, so your child can move into the newly painted space sooner.

Source: www.Glidden.com.

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Photo of Craig Whitlock Real Estate
Craig Whitlock
COLDWELL BANKER BRENTWOOD
11661 San Vicente Blvd., 10th Floor
Los Angeles CA 90049
Mobile: (310) 488-4399
Fax: (310) 820-1457

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of properties provided by the seller or obtained from Public Records or other sources as presented in this website.  Interested parties are advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals.  Information herein deemed reliable but not guaranteed.

CalBRE LIC 01827537