Hey, it’s Nathan Derry with JohnHart Real Estate, and I’m back with the latest real estate scoop for Mid-Wilshire, 90036! If you’ve been keeping an eye on the market here, you’ll want to sit down for this one. As of September 2024, the absorption rate in Mid-Wilshire was 27%, meaning that of the 26 active listings, 7 homes sold in the month. With an average sales price of $2,199,000 and just 16 days on the market (DOM), it’s clear that buyers are acting fast, and sellers are getting some solid returns.

Fall Into Real Estate: Spruce Up Now, Shop Later!

Now, let’s talk about something I love just as much as real estate: fall. There’s something about the cooler weather, pumpkin-flavored everything, and that crisp feeling in the air that just gets me in the mood to prep for the holidays. And here’s a little tip for all my homeowners: now is the perfect time to get a head start on sprucing up your home for the holidays!

Think about it—whether you’re hosting family or just enjoying a quiet holiday season, getting your home in tip-top shape now means you’ll have plenty of free time later for things like holiday shopping, decorating, or maybe just sneaking in a nap or two (I won’t judge).

Quick Tips to Prep Your Home for the Holidays

1. Curb Appeal Clean-Up: Start with the outside! Trim those hedges, rake the leaves, and consider adding some seasonal plants. Your home will have that "wow" factor when guests arrive for holiday gatherings.

2. Declutter Inside: No one wants to stress about a messy house in the middle of the holiday rush. Take this time to declutter and organize now. Your future self will thank you!

3. Fresh Coat of Paint: If your home’s interior could use a refresh, a new coat of paint in neutral tones will give it a bright, welcoming feel—perfect for family gatherings or even potential buyers if you’re thinking about selling in the new year.

4. Minor Repairs: Fix that leaky faucet, replace the broken tile, and take care of any small repairs that have been on your to-do list for ages. You'll feel more relaxed when the holiday season rolls around.

Not a Homeowner Yet? Keep That "New Home" Account Safe!

If you’re not already a homeowner, fall is also the time to guard your "new home" savings account. I know the holiday sales are tempting—Black Friday, Cyber Monday, and those must-have gadgets seem to call our names. But remember, every dollar you spend on a shopping spree could be one less dollar going toward your dream home!

So, if homeownership is on your radar (and trust me, now’s a good time to get into the market), stay focused. The fall season is fun, but that new home will be so much sweeter when you’re celebrating future holidays in it!

Mid-Wilshire Market at a Glance

Here’s a quick snapshot of what the Mid-Wilshire market looked like this past month:

• Absorption Rate: 27%
• Active Listings: 26
• Homes Sold: 7
• Average Sales Price: $2,199,000
• Days on Market (DOM): 16

With a 27% absorption rate, Mid-Wilshire is looking steady, though not at a frenzied pace. Buyers are taking action, but homes aren’t sitting on the market for long either—16 DOM is fast! So if you’re thinking about selling, the fall season is a great time to take advantage of the interest from buyers looking to move before the year ends.

If you have any questions about the market or need advice on preparing your home, you know where to find me!

Happy fall and happy home prepping!
Nathan Derry
JohnHart Real Estate

📍JohnHart Real Estate

📞(424) 303-0440

📧 nathan@jhagents.com

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