Greetings, Mid Wilshire neighbors and future homeowners! Nathan Derry here, your go-to Realtor, ready to unravel the real estate tale of Mid Wilshire for January 2024. Let's delve into the details!

Absorption Rate Highlights: 14% Buzz

Mid Wilshire has been buzzing with a 14% absorption rate this January. Among the 14 active listings, 8 found their new happy homeowners. With an average sales price of $2,338,500 and a reasonable 58 Days on Market (DOM), the real estate landscape in Mid Wilshire is showing signs of vibrancy.

Mid Wilshire's Timeless Allure

What makes Mid Wilshire a perpetual favorite? Its central location, cultural richness, and diverse housing options make it a haven for those seeking a blend of urban convenience and neighborhood charm. Whether you're eyeing a historical home or a contemporary condo, Mid Wilshire caters to various tastes and preferences.

Unlocking Opportunities: AB 1033 and ADUs

Now, let's talk about golden opportunities for Mid Wilshire homeowners. Assembly Bill 1033 (AB 1033) is a beacon of property tax savings. If you've made seismic retrofit improvements, AB 1033 allows you to exclude the value of those upgrades when determining property taxes. It's a win-win, ensuring safety and financial benefits.

And here's a smart move: Adding an Accessory Dwelling Unit (ADU). Mid Wilshire, like many progressive neighborhoods, embraces ADUs as a solution to housing challenges. By adding an ADU, you not only increase your property's value but also create a potential income stream. It's an investment in the future that aligns with evolving homeowner needs and market trends.

Why Mid Wilshire, Why Now?

As the absorption rate suggests, Mid Wilshire remains a sought-after locale. Its timeless appeal, coupled with strategic opportunities like AB 1033 and ADUs, makes it an opportune time to explore real estate moves. Whether you're selling, buying, or considering investment opportunities, I'm here to be your guide.

Let's Chat Real Estate!

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

Cheers to Mid Wilshire and the Exciting Real Estate Possibilities It Holds!

Nathan Derry,

Your Mid Wilshire 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!