Hello, Wilshire Park homeowners and future buyers! I’m Nathan Derry with JohnHart Real Estate, here with your October 2024 real estate market insights for our vibrant community in 90005. This month, we’re looking at an absorption rate of 33%, with 9 active listings and 3 sold homes. The average sales price has reached $2,449,000, with an average of 91 days on the market (DOM) before closing.

Wilshire Park remains an attractive area for buyers who appreciate the charm of historic neighborhoods with easy access to all that Los Angeles has to offer. With properties spending a bit more time on the market lately, it's an ideal opportunity for serious buyers to explore this classic neighborhood.

What Does a 33% Absorption Rate Mean for Buyers and Sellers?

A 33% absorption rate suggests that Wilshire Park currently has a relatively balanced market, leaning slightly towards favoring sellers, but with opportunities for buyers as well. Here’s what this might mean for you:

• For Sellers: Homes here are taking an average of 91 days to sell, which is a bit longer than usual. This means it’s essential to make your property stand out, whether through strategic staging, pricing, or showcasing unique features. Enhancing curb appeal and focusing on standout details can make a real difference.

• For Buyers: While the market isn't overwhelmingly competitive, inventory in Wilshire Park is limited. This absorption rate provides a chance for buyers to carefully consider their options without the intense pressure of multiple competing offers. Buyers should consider the long-term value of Wilshire Park’s unique, architecturally rich homes.

Get Your Home Market-Ready: Embrace Fall with Strategic Upgrades

For those thinking about listing their homes, autumn is a great time to boost your property’s appeal. Warm lighting, seasonal décor, and even fragrant scents can create an inviting atmosphere for potential buyers. And if you’re planning to host a fall gathering, like Thanksgiving, why not put your kitchen to work with an unforgettable turkey recipe that showcases your home’s culinary potential?

Recipe: Buttery, Flavorful Brined Turkey

A brined turkey is one of the best ways to ensure your Thanksgiving centerpiece is juicy, tender, and packed with flavor. Here’s a delicious recipe that’s sure to impress your guests and make your kitchen the heart of your home this holiday season.

Ingredients:

For the Brine:

• 1 cup kosher salt
• 1/2 cup brown sugar
• 1 tablespoon black peppercorns
• 1 tablespoon dried rosemary
• 1 tablespoon thyme
• 1 gallon water
• 1 gallon apple cider
• 1 orange, sliced
• 1 lemon, sliced
• 6 cloves garlic, crushed

For the Turkey:

• 1 whole turkey (12-14 pounds), thawed if frozen
• 1/2 cup butter, softened
• 4 sprigs fresh rosemary
• 4 sprigs thyme
• 2 cloves garlic, minced
• Salt and pepper to taste

Instructions:

1. Prepare the Brine: In a large pot, combine the water, apple cider, salt, brown sugar, peppercorns, rosemary, thyme, sliced orange, lemon, and crushed garlic. Bring to a simmer, stirring until the salt and sugar dissolve. Allow the brine to cool completely.

2. Brine the Turkey: Place the turkey in a large container (like a brining bag or clean bucket) and pour in the cooled brine, ensuring the turkey is fully submerged. Refrigerate for 12-24 hours.

3. Prep the Turkey for Roasting: Preheat your oven to 325°F (163°C). Remove the turkey from the brine, rinse it under cold water, and pat dry with paper towels.

4. Season and Butter: In a small bowl, mix the softened butter with the minced garlic, fresh rosemary, and thyme. Rub this herbed butter under the skin of the turkey breast and over the entire turkey. Season with additional salt and pepper as desired.

5. Roast: Place the turkey on a rack in a roasting pan. Roast in the preheated oven for about 3-3.5 hours, or until the internal temperature reaches 165°F (74°C) in the thickest part of the breast. If the skin is browning too quickly, tent with foil.

6. Let it Rest: Remove the turkey from the oven and let it rest for at least 20 minutes before carving. This allows the juices to redistribute for a succulent, tender turkey.

Enjoy this buttery, brined turkey as the perfect centerpiece for your fall gatherings!

Whether you’re considering buying or selling, the Wilshire Park market in October offers a range of opportunities. Remember, your home’s presentation can make all the difference, especially as we enter the season of cozy gatherings and holiday charm. And with this brined turkey recipe, you’re set to create a memorable holiday meal that will fill your home with inviting aromas and warmth.

If you have any questions about the market or are considering selling your home, don’t hesitate to reach out. I’m here to help you navigate every step with insight and ease.

Warm regards,
Nathan Derry, JohnHart Real Estate

📍JohnHart Real Estate

📞(424) 303-0440

📧 nathan@jhagents.com

👨🏽‍💻 itsnathanderry.com

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#Thanksgiving Turkey Recipe

#Brined Turkey Recipe

#Real Estate Tips

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