Hello everyone,

I’m Nathan Derry, your dedicated Realtor for the Palms area, 90034. As we step into spring, it's the perfect time to review the real estate market performance for April 2024. The data reveals some intriguing trends and underscores the vitality of our local market.

Absorption Rate: 47%

The absorption rate is a critical metric in real estate, representing the pace at which homes are being sold in a particular area. For April 2024, the Palms area achieved an absorption rate of 47%. This high absorption rate indicates a strong demand for homes in our neighborhood, with nearly half of the available listings being sold within the month.

Key Market Statistics

Here’s a closer look at the numbers that defined our market last month:

• Active Listings: In April, there were 32 active listings, offering a variety of options for prospective buyers.

• Homes Sold: A total of 15 homes were sold, reflecting robust market activity.

• Average Sales Price: The average sales price in Palms, 90034 was an impressive $2,195,000. This high average price highlights the desirability and premium nature of properties in our area.

• Days on Market (DOM): Homes that sold in April averaged 26 days on the market, indicating a swift turnaround from listing to sale.

The Benefits of Staging Your Home

Selling a home in today’s competitive market requires strategic preparation. One highly effective strategy is home staging. Here’s why staging can make a significant difference:

1. First Impressions Matter: Staging creates an inviting atmosphere, helping potential buyers visualize themselves living in the space. This immediate emotional connection can be crucial.

2. Highlighting Key Features: Professional staging accentuates the best features of your home, making it stand out. Whether it’s a spacious living room, a cozy bedroom, or a gourmet kitchen, staging showcases these attributes beautifully.

3. Faster Sales: Homes that are staged tend to sell faster. Given our current average of 26 days on market, a well-staged home can potentially shorten this timeframe even further.

4. Higher Offers: Staged homes often receive higher offers compared to non-staged homes. Buyers are willing to pay a premium for a move-in-ready, aesthetically pleasing property.

5. Photography Appeal: In the digital age, most buyers start their home search online. Staged homes photograph better, attracting more attention and viewings from potential buyers.

Why Work with a Licensed Realtor?

Navigating the Palms real estate market requires expertise and local knowledge. As a licensed Realtor, I bring a wealth of experience and insights to help you achieve your real estate goals. Here’s how I can assist you:

• Market Expertise: I provide up-to-date market data and trends, helping you make informed decisions.

• Negotiation Skills: My negotiation skills ensure that you get the best possible deal, whether you’re buying or selling.

• Access to Inventory: I have access to a broad range of listings, including some that may not be widely advertised.

• Streamlined Process: From listing to closing, I manage the entire process, ensuring a smooth and efficient transaction.

In conclusion, the April 2024 real estate report for Palms, 90034 reflects a dynamic market with strong demand and high sales prices. If you’re considering selling your home, staging it effectively can make a significant impact. Whether you’re buying or selling, working with an experienced Realtor like myself ensures that you have the best guidance and support throughout your real estate journey.

Feel free to reach out to discuss your real estate needs. Together, we can navigate the market and achieve your goals.

All the best,

Nathan Derry
Licensed Realtor

📍JohnHart Real Estate

📞(424) 303-0440

📧 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!