Greetings, Mid Wilshire neighbors and future homeowners! Nathan Derry here, your dedicated Realtor from JohnHart Real Estate. Let's dive into the exciting real estate trends that shaped Mid Wilshire in December 2023.

December 2023 Absorption Rate: A Whopping 68%!

Mid Wilshire experienced a real estate surge like never before, with an impressive absorption rate of 68%. Among the 16 active listings, 11 properties found new owners, making it a vibrant and dynamic market. Homes in Mid Wilshire are in high demand, and transactions are happening swiftly, reflecting the desirability of this beautiful neighborhood.

Market Snapshot: 16 Active Listings, 11 Sold, $1,955,000 Average Sales Price, 28 DOM

The numbers tell a compelling story. With an average sales price of $1,955,000 and an average of just 28 days on the market, Mid Wilshire homes are capturing the attention of eager buyers. The neighborhood's unique charm, accessibility, and quality of life make it a sought-after destination for those looking to call Mid Wilshire home.

Why Now Is the Perfect Time to Start a Savings Fund for Your Child

Beyond the exciting real estate trends, let's talk about securing your family's future. The new year is the perfect time to consider starting a savings fund for your child. Here's why:

1. Financial Security: A savings fund provides a financial cushion for unexpected expenses and future investments, offering stability for your family.

2. Educational Opportunities: Whether it's college tuition or vocational training, a savings fund can open doors to educational opportunities for your child.

3. Teaching Financial Responsibility: Involving your child in the savings process teaches valuable lessons about money management and responsibility.

4. Homeownership Goals: Saving early can contribute to your child's ability to own a home in the future, providing them with a solid foundation for financial success.

5. Long-Term Benefits: The power of compounding means that starting early can result in substantial savings over time, setting your child up for a more secure future.

As your trusted Realtor, I'm not just here for your real estate needs but also to support your family's financial well-being. If you have questions about real estate or want to discuss financial planning, feel free to reach out.

Wishing you all a prosperous and joyful new year in your Mid Wilshire homes!

Best regards,

Nathan Derry
JohnHart Real Estate