Greetings, fellow homeowners and prospective buyers! Nathan Derry here, your trusted Realtor from JohnHart Real Estate. Today, we dive into the heart of West Adams, 90016, examining the real estate landscape for the month of October 2023. Let's unravel the numbers and insights that define this vibrant neighborhood.

A Snapshot of Market Dynamics

In the dynamic world of real estate, the absorption rate is a key metric that unveils the balance between supply and demand. For October 2023, West Adams witnessed an absorption rate of 33%. This percentage signifies the portion of available properties that found new owners, providing a crucial indicator of market vitality.

More Than Just Numbers

Beyond percentages and statistics, the essence of a neighborhood lies in the stories its homes tell. In October, West Adams boasted 39 active listings, showcasing the diversity and charm this area has to offer. Moreover, 13 homes found new owners, creating a tapestry of families, dreams, and new beginnings.

Average Sales Price and Days on Market: Understanding Value and Pace

For those keen on the financial details, the average sales price in West Adams for October 2023 stood at $1,235,000. This figure reflects not just the cost of a property but the perceived value of a home within the community. Additionally, the 50 days on the market highlight the pace at which homes are transitioning from "For Sale" to "Sold," giving you a glimpse into the demand dynamics.

 A Feast for Your Senses

As we delve into the nuances of real estate, let's not forget the joys of home and hearth, especially as Thanksgiving approaches. Here's a tip to elevate your holiday feast:

Heritage Turkey with Cranberry-Pomegranate Glaze:

Ingredients:

• 1 heritage turkey
• 1 cup cranberry juice
• 1/2 cup pomegranate juice
• 1/4 cup honey
• Zest of one orange
• Fresh rosemary and thyme
• Salt and pepper to taste

1. Preheat your oven to 325°F.
2. Season the turkey with salt, pepper, and a sprinkle of orange zest.
3. In a saucepan, combine cranberry juice, pomegranate juice, honey, and a handful of fresh herbs. Simmer until the mixture thickens.
4. Brush the glaze over the turkey generously.
5. Roast the turkey until it reaches an internal temperature of 165°F, basting with the glaze periodically.

This recipe promises a succulent turkey with a delightful glaze, creating a centerpiece for a Thanksgiving to remember.

As you savor the flavors of both real estate and a perfectly roasted turkey, remember that I'm here to assist with all your real estate needs. Whether you're considering a new home or selling your current one, let's navigate this journey together.

Wishing you a delightful Thanksgiving season!

Nathan Derry

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