Hey, it’s Nathan Derry with JohnHart Real Estate, and I’ve got the latest real estate scoop for Beverly Grove, 90048. If you’re following the market trends, you’ll want to pay close attention to what’s happening in this area. For the month of September 2024, Beverly Grove saw an absorption rate of 16%—which means that out of 63 active listings, only 10 homes sold. While the market here is definitely leaning toward a buyer’s market, the average sales price is still holding strong at $2,200,000. With homes spending an average of 50 days on the market (DOM), buyers may have more room to negotiate, but sellers can still walk away with a pretty impressive number.

Fall: The Perfect Time to Spruce Up Your Home!

Now that we’ve officially entered the fall season, it’s the perfect time to get a head start on sprucing up your home before the holiday rush begins. Whether you’re planning to host family, friends, or just want your home to look fabulous for yourself, making a few updates now will free up your schedule when the holidays hit—and let’s face it, that means more time for holiday shopping (or at least relaxing).

Quick Tips for Fall Home Improvements

1. Boost Your Curb Appeal: A well-maintained exterior can make a world of difference. Trim those trees, clean up the yard, and maybe even consider adding some seasonal plants. A festive-looking front yard will make your home feel welcoming and cozy for the holidays.

2. Deep Clean & Declutter: A clean home is a happy home, and decluttering now can save you a lot of stress later. Whether you’re just doing some light organizing or Marie Kondo-ing your entire place, getting rid of the excess now will make holiday decorating a breeze.

3. Paint Touch-Ups: Is your home in need of a little TLC? A fresh coat of paint, especially in neutral tones, can brighten things up and give your home that “fresh” feeling without breaking the bank.

4. Minor Repairs: We’ve all got that list of small home repairs we’ve been putting off. Now is the time to tackle those! Fix that leaky faucet, replace those old light fixtures, and patch up any holes in the walls. Your future self will thank you when the holidays are in full swing, and your house is running smoothly.

Buyers: Protect That "New Home" Account

If you’re not yet a homeowner, this is a great time to start thinking about getting into the market. But, and it’s a big but: don’t let the temptation of holiday sales get in the way of your long-term goal. I know, I know—Black Friday is calling your name, and Cyber Monday deals seem like they’re too good to pass up. But if you’ve been building up a "new home" savings account, do yourself a favor and don’t dip into it. A new home is worth more than any gadget or temporary trend.

Beverly Grove Market Overview

Here’s a quick snapshot of the Beverly Grove real estate market for September 2024:

• Absorption Rate: 16%
• Active Listings: 63
• Homes Sold: 10
• Average Sales Price: $2,200,000
• Days on Market (DOM): 50

With an absorption rate of 16%, Beverly Grove is clearly in a buyer’s market. Homes are sitting on the market for longer, giving buyers more time and leverage. However, with the average sales price still at a solid $2.2 million, sellers who are patient and market their homes properly are still closing solid deals.

If you’re thinking about selling, now’s a great time to prep your home to stand out and attract those serious buyers. And if you’re buying, it’s a good time to negotiate for the best deal while the market is in your favor.

Need more insights or tips on how to make the most of the real estate market this fall? Feel free to reach out!  I’m Nathan Derry with JohnHart Real Estate, and I’m here to help you navigate the market, whether you’re buying or selling.

Here’s to a fabulous fall and a stress-free holiday season ahead!

All the best,

Nathan Derry, Realtor

📍JohnHart Real Estate

📞(424) 303-0440

📧 nathan@jhagents.com

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Beverly Grove real estate

Los Angeles real estate trends 2024

Fall home improvement tips

Nathan Derry JohnHart Real Estate

Buyer’s market Beverly Grove

Selling homes in 90048

Average home prices Los Angeles 2024

Days on market trends LA

Real estate absorption rates

Holiday home prep tips 2024