Happy Friday!

Thank goodness it is Friday! It has been a busy week! I thought I would share with you Zillow’s paint colour analysis for this year. Paint can influence the sale price of a home.

Zillow (who does everything real estate in the U.S) looked at more than 32,000 photos in the United States. They wanted to see what paint colours had an impact on sale price. Properties within the same location and size were compared as well as “coloured walls” vs similar properties with white walls.

Here are their findings:

1. Properties with light blue bathrooms sold for around $5,440 more than expected.
2. Properties with cool, or neutral tones like pale grey or oatmeal were top performing 

The exterior of a home

A homes exterior colour palette may also influence the homes sale price. 

1. Properties painted “greige” sold for $3,496 more that similar homes painted medium brown or homes with “tan” stucco. 
2. Entryway doors painted dark navy blue to slate grey sold for $1,514 dollars more. 

The findings from Zillow also suggest that not having enough colour can negatively impact how much a property sells for. For example, a bathroom with white walls sold for an average of $4,035 below similar homes with coloured walls. 

Knowing what paint colours look good and where is important when selling. Often times I see homes that have so much potential but their paint colours are just “off”. Although these statistics come from the U.S I think they apply here as well. 

Have a fabulous weekend!