Hello, it’s Nathan Derry, Realtor with JohnHart Real Estate, here with your latest market update for Mid City, 90019. For October 2024, we’re seeing a 20% absorption rate, with 49 active listings and 10 homes sold. The average sales price in this area was $1,599,500, with properties spending an average of 45 days on the market (DOM).

While the market in Mid City remains competitive, homes are still taking a bit longer to sell than they did in previous months, signaling a shift. This slower pace may reflect market adjustments as interest rates, homebuyer preferences, and overall economic factors continue to influence local real estate activity. Buyers in this price range may have more options to consider, but homes in good condition and with desirable features are still moving.

Market Trends: What’s Driving the Absorption Rate?

An absorption rate of 20% means that, at the current pace of sales, it would take five months to sell all of the active listings. This rate is lower than the typical "balanced" market absorption rate of around 30%, indicating that buyers are a bit more cautious or waiting for the right property to come along.

For sellers in Mid City, it’s important to be aware of this trend and ensure your home is in top condition. Proper staging, pricing, and presentation will help set your home apart in a more competitive market. Whether you're selling now or later, working with a skilled Realtor (like myself) can help guide you through these shifting dynamics to secure the best outcome.

Preparing Your Home for Travel: Tips for Homeowners

Travel season is upon us, and if you’re planning on being away from your home for any extended period, it’s essential to prepare properly. Here's a checklist to ensure your home is safe and well-maintained while you’re gone:

1. Secure Your Home: Double-check that all doors and windows are locked and consider setting up security cameras or a smart home system to monitor activity. It’s always best to have a trusted neighbor or friend keep an eye on your place as well.

2. Adjust Your Thermostat: Save energy by adjusting the thermostat. For winter trips, set the temperature to no lower than 55°F to prevent pipes from freezing. In summer, set the thermostat to a higher temperature so your system isn’t working overtime.

3. Stop Mail and Newspaper Deliveries: A pile-up of mail and newspapers is a clear sign that no one is home. You can either have them held at the post office or ask a neighbor to collect them for you.

4. Unplug Electronics: To save energy and avoid potential electrical hazards, unplug all non-essential electronics like toasters, microwaves, and computers. Don’t forget about larger appliances like the washer/dryer and TVs.

5. Tidy Up Outdoors: If you have a garden or outdoor space, make sure the lawn is mowed and leaves are cleared. Trim bushes, especially around windows and doors, to prevent them from obstructing visibility or providing cover for intruders.

6. Take Care of Plants and Pets: If you have indoor plants or pets, make arrangements for them to be taken care of. A neighbor, friend, or professional pet-sitting service can ensure they’re well cared for.

7. Alert Your Realtor: If you're thinking of selling while you're away or if you’re planning an open house or showing, be sure to work closely with your Realtor to arrange access and ensure your property is presented at its best.

A Delicious Brined Turkey Recipe for Your Next Holiday Feast

Now, if you're preparing for the holidays and looking to impress your guests with a juicy, flavorful turkey, I have just the recipe for you! A brined turkey locks in moisture and flavor, creating the perfect centerpiece for your dinner table. Here’s a simple, buttery, and savory recipe to try:

Ingredients:

• 1 whole turkey (10-12 pounds)
• 1 cup kosher salt
• 1/2 cup brown sugar
• 1 gallon water
• 4 cloves garlic, smashed
• 1 tablespoon whole peppercorns
• 4 sprigs fresh rosemary
• 4 sprigs fresh thyme
• 2 bay leaves
• 1 cup apple cider vinegar
• 1/2 cup unsalted butter (melted)
• Fresh herbs for garnish (rosemary, thyme)

Instructions:

1. Prepare the Brine: In a large pot, combine the water, kosher salt, brown sugar, garlic, peppercorns, rosemary, thyme, and bay leaves. Bring to a simmer over medium heat and stir until the salt and sugar are dissolved. Remove from heat and add the apple cider vinegar. Let the brine cool completely.

2. Brine the Turkey: Once the brine is cool, place your turkey in a large container or brining bag. Pour the brine over the turkey, making sure it is completely submerged. Refrigerate for 12-24 hours.

3. Prepare for Roasting: Preheat your oven to 325°F. Remove the turkey from the brine and pat it dry with paper towels. Brush the turkey with melted butter and season with salt and pepper. Place the turkey on a rack in a roasting pan.

4. Roast the Turkey: Roast the turkey in the preheated oven, basting every 45 minutes with more melted butter. A 10-12 pound turkey will typically take 3-3.5 hours to cook, or until the internal temperature reaches 165°F in the thickest part of the breast.

5. Rest and Serve: Let the turkey rest for 20-30 minutes before carving. Garnish with fresh herbs and serve!

This brined turkey will be a hit at your next holiday gathering, offering a moist, flavorful bird that everyone will rave about.

All the best,

Nathan Derry, Realtor

📍JohnHart Real Estate

📞(424) 303-0440

📧 nathan@jhagents.com

👨🏽‍💻 itsnathanderry.com

You deserve the opportunity to work with an ethical agent.  Please give me a call today and let’s discuss your unique needs.

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!

Mid City Real Estate

October 2024 Market Update

Absorption Rate Analysis

Los Angeles Real Estate Trends

Brined Turkey Recipe

Preparing Home for Travel

Thanksgiving Recipes

Home Security Tips

Nathan Derry Realtor

JohnHart Real Estate