Greetings, MidCity residents and future homeowners! Nathan Derry here, your dedicated Realtor from JohnHart Real Estate. Let's delve into the fascinating world of real estate trends in December 2023, and while we're at it, explore a proactive and rewarding financial tip for the New Year.

December 2023 Real Estate Recap: MidCity, 90019

In the vibrant heart of MidCity, the real estate numbers from December 2023 paint an intriguing picture. With a 23% absorption rate, the market is bustling with activity. Among the 22 active listings, 5 properties found new owners, showcasing a dynamic interplay between supply and demand. The average sales price stood impressively at $1,837,500, and homes were swift to find buyers, spending an average of only 19 days on the market. These statistics reflect a neighborhood where homes are both sought after and swiftly acquired.

Insights into MidCity Real Estate Dynamics

The lively real estate market in MidCity is a testament to the area's allure. Its unique character, accessibility, and diverse community make it an ever-popular choice among prospective homeowners. If you've been contemplating a move or investment, these trends suggest that MidCity remains a compelling and vibrant choice.

As your committed Realtor, I'm here to guide you through the intricate details of the local market. Whether you're embarking on the journey of buying, selling, or investing, understanding these trends is key to making informed decisions. Don't hesitate to reach out if you have questions or if you'd like a personalized analysis of your property's value in today's market.

Building a Bright Future: Start a Savings Fund for Your Child

Now, let's shift our focus to a financial tip that's not just about real estate but about securing a bright future for your family. The New Year is an excellent time to consider starting a savings fund for your child. Here's why:

1. Long-Term Growth: By starting early, you harness the power of compounding, allowing your savings to grow over time.

2. Financial Education: Involving your child in the process teaches them valuable lessons about money, savings, and the importance of planning for the future.

3. Education Expenses: Whether it's college, vocational training, or other educational pursuits, a dedicated savings fund can help alleviate the financial burden when the time comes.

4. Unexpected Expenses: Life is full of surprises. A savings fund provides a financial cushion for unexpected expenses, ensuring your child has a secure foundation.

5. Teaching Financial Discipline: Regular contributions to the fund instill a sense of financial discipline and responsibility in your child.

Starting a savings fund now is a gift that keeps on giving, providing financial security and opportunities for your child's future.

If you're considering MidCity as your new home or if you have any real estate-related questions, feel free to contact me. Here's to a prosperous New Year filled with exciting real estate opportunities and sound financial planning!

Best regards,

Nathan Derry