Hello, future homeowners and investors! I'm Nathan Derry, your trusted Realtor with JohnHart Real Estate, and I'm excited to guide you through the dynamic real estate market in the vibrant 90035 zip code, also known as Pico-Robertson.

August 2023: Pico-Robertson in the Spotlight

Let's jump right into the numbers. August 2023 was an exciting month for Pico-Robertson, with an absorption rate of 39%. This means that, on average, it took just 30 days for properties to find their new owners. With 18 active listings and 7 properties sold, Pico-Robertson is proving to be a highly sought-after neighborhood.​​​​​​​

Median Sales Price: $2,000,000

Now, let's talk about the price point that's on everyone's mind. The median sales price in Pico-Robertson currently stands at $2,000,000. While it's true that interest rates have seen an uptick and inventory is somewhat limited, it's crucial to recognize the unique opportunities this market presents.​​​​​​​

Why Buy Now?

You might be wondering why it's a good idea to buy now, given the higher interest rates. Here's the scoop: buying now is like locking in a competitive rate for the future. By securing a property today, you have the option to refinance when rates become more favorable. This puts you in control of your financial future.​​​​​​​

The Unstoppable Rise of Home Prices

Here's the reality of real estate: home prices tend to appreciate over time. Waiting for interest rates to drop might result in you paying a premium for your dream home. Imagine this scenario: fierce bidding wars, escalating prices, and the heartache of losing out on your ideal property.​​​​​​​

So, what's the big picture here? In the dynamic Pico-Robertson real estate market, opportunities abound. While higher interest rates may seem daunting, they are just one piece of the puzzle. By taking action now, you can secure an exceptional property at today's prices and potentially refinance for lower rates in the future.

Don't let the fear of slightly higher interest rates hold you back. With an absorption rate of 39%, homes in Pico-Robertson are in demand. If you're ready to make this vibrant neighborhood your home, give me a call at [Your Phone Number]. Together, we can explore the exciting possibilities that Pico-Robertson has to offer.

Remember, in the world of real estate, seizing the moment is key. Don't wait for the market to pass you by—seize the opportunity and make Pico-Robertson your new home.

📍JohnHart Real Estate
📞(424) 303-0440
📧 itsnathanderry@gmail.com
🤖 nathan@jhagents.com
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