Hello Palms residents and real estate enthusiasts! Nathan Derry, your friendly neighborhood Realtor, is here with the latest scoop on Palms' real estate scene for January 2024. Let's dive in!

Absorption Rate Buzz: 29%

Palms has been buzzing with real estate activity, boasting a robust absorption rate of 29% this January. Among the 24 active listings, 7 found new owners, showcasing a healthy market demand. With an average sales price of $2,120,900 and a modest 47 Days on Market (DOM), it's evident that Palms remains a sought-after neighborhood for both buyers and sellers.

Palms' Allure Unveiled

What makes Palms so attractive? Its central location, vibrant community, and a mix of housing options contribute to its charm. Whether you're a first-time buyer, a family looking for a cozy home, or an investor eyeing opportunities, Palms has something for everyone.

Unlocking the Benefits: AB 1033 and ADUs

Now, let's talk about some golden opportunities for Palms homeowners. Assembly Bill 1033 (AB 1033) is your ticket to property tax savings. If you've made seismic retrofit improvements to your home, AB 1033 allows you to exclude the value of those upgrades when determining your property taxes. It's a win-win for safety and savings!

Another smart move? Adding an Accessory Dwelling Unit (ADU). Palms, like many LA neighborhoods, has embraced ADUs as a solution to housing challenges. By adding an ADU to your property, you not only increase its value but also create a potential income stream. It's a forward-thinking investment that aligns with the evolving needs of homeowners and renters alike.

Why Palms, Why Now?

As the absorption rate hints, Palms is in demand. The central location, proximity to amenities, and the potential for smart investments make it an opportune time to consider your real estate moves. Whether you're selling, buying, or exploring investment opportunities, I'm here to guide you through every step.

Let's Chat Real Estate!

Have questions about the market in Palms or thinking about making a move? Let's grab a virtual coffee and chat about your real estate goals. Whether you're a seasoned investor or a first-time buyer, I'm here to ensure your journey in Palms is smooth and successful.

Cheers to Palms and the exciting possibilities it holds!

Nathan Derry, Your Palms Real Estate Guide 🏡✨

📍JohnHart Real Estate

📞(424) 303-0440

📧 itsnathanderry@gmail.com 

🤖 nathan@jhagents.com

👨🏽‍💻 itsnathanderry.com

Interested in seeing a property or one of my off market properties in person? Contact me today!  Who you hire matters!!!

Ready to make the best move of your life… let’s chat today!