Hey there, it’s Nathan Derry with JohnHart Real Estate, and today we’re diving into the real estate market for Jefferson Park, 90018. The absorption rate for September 2024 is sitting at 22%, which means things are a bit slower for sellers. Out of 41 active listings, only 7 homes sold, with an average sales price of $949,000. Homes are taking an average of 32 days on the market (DOM) to sell, so buyers definitely have time to shop around.

What Does This Mean?

With a 22% absorption rate, we’re in a market that favors buyers more than sellers. Houses are hanging around a little longer, and while the $949,000 price tag is still solid for the area, homes aren’t exactly flying off the shelves. If you’re selling, you might need to exercise some patience—but fall is the perfect time to get your house in order for the upcoming holiday season, whether you’re listing your home or just giving it a seasonal refresh.

Fall is Here: Time to Spruce Up Your Home!

Fall in Los Angeles is like hitting the refresh button on your home. The cooler weather (by LA standards) is ideal for tackling those projects you’ve been putting off all summer. Plus, with the holidays just around the corner, now’s the perfect time to get a head start on prepping your home for festive gatherings. Taking care of those home improvement projects now will free up your schedule for all that holiday shopping and decorating that’s just around the corner.

Why Start Now?

1. Perfect Weather: The fall in LA isn’t too hot or too cold, making it the best time for outdoor projects like painting, gardening, or even refreshing your curb appeal.
2. Holiday Prep: A spruced-up home will look amazing for all those holiday parties and gatherings. You’ll feel proud to show it off!
3. Less Stress Later: Getting those big tasks done now means less stress during the holidays, leaving you more time to enjoy yourself.
4. Market Advantage: A well-maintained home can attract buyers, especially if you're thinking about selling in a slower market. You’ll stand out more than the competition.

Non-Homeowners: Protect Your "New Home" Savings!

If you’re not yet a homeowner, this is your friendly reminder to stay disciplined. As the holidays approach, it’s tempting to spend a little extra here and there, but don’t forget your ultimate goal: homeownership! That “new home” account is sacred, so don’t dip into it just because there’s a holiday sale. Stay focused, and when the time is right, you’ll be ready to jump into the market and find the perfect home—especially in a buyer-friendly area like Jefferson Park right now!

Nathan’s Top Fall Home Spruce-Up Tips:

• Upgrade Your Landscaping: A little attention to your front yard can boost your home’s curb appeal.
• Touch Up Paint: Whether it’s the front door or an entire room, a fresh coat of paint can make a big difference.
• Declutter: Clear out unused items before the holidays so you have space for new things (or to entertain guests).
• Add Cozy Lighting: Update your lighting for the season to make your home feel warm and inviting.

As we head into fall, whether you're sprucing up your current home or keeping your eye on that future dream home, a little preparation now will go a long way! And if you’re thinking about making a move in Jefferson Park, I’m here to help navigate the market. Let’s get ready for the season together!

Nathan Derry
Realtor, JohnHart Real Estate

📍JohnHart Real Estate

📞(424) 303-0440

📧 nathan@jhagents.com

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