The real estate market in Mid-Wilshire, 90036, demonstrated a notable slowdown this October, with an absorption rate of 16%. Out of 25 active listings, only 4 homes were sold, averaging a sales price of $1,894,250 and spending an average of 38 days on the market (DOM).

This relatively low absorption rate may indicate that buyers are taking a more measured approach, while sellers need to emphasize standout features and pricing strategies to attract attention in a competitive environment. As we approach the holiday season, understanding these market dynamics becomes even more crucial.

Understanding the Absorption Rate

The absorption rate reflects the percentage of available homes sold in a specific time frame. At 16%, Mid-Wilshire is in a buyer’s market, with ample inventory giving buyers the upper hand in negotiations. Sellers should focus on making their properties as attractive as possible, leveraging updates, staging, and strategic pricing.

Preparing Your Home for Travel

Whether you’re heading out of town for the holidays or a winter getaway, safeguarding your home is essential. Here are a few tips:

1. Secure Your Property

   • Check all doors and windows to ensure they’re locked.
   • Set up a smart security system with cameras and remote monitoring.

2. Enlist Help

   • Ask a trusted neighbor or friend to pick up your mail and keep an eye on the property.
   • Schedule a house sitter if you’ll be gone for an extended period.

3. Maintain a Lived-In Look

   • Use timers for lights and TVs to make it appear as if someone is home.
   • Avoid posting your travel plans on social media until you return.

4. Unplug and Protect

   • Unplug electronics to reduce the risk of fire and save energy.
   • Set your thermostat to a lower temperature to save on utilities.

5. Double-Check Insurance

   • Ensure your homeowners' insurance is up-to-date in case of any unexpected issues.

A Recipe for a Buttery, Flavorful Brined Turkey

Hosting Thanksgiving or Friendsgiving before you leave? Here’s a recipe that will have everyone asking for seconds:

Ingredients for Brine

• 1 gallon water
• 1 cup kosher salt
• 1 cup sugar
• 1 tablespoon black peppercorns
• 5 garlic cloves, smashed
• 2 sprigs fresh rosemary
• 2 sprigs thyme
• 1 orange, sliced

Ingredients for Turkey

• 1 whole turkey (12-14 pounds)
• 1 stick unsalted butter, softened
• 2 tablespoons olive oil
• 1 tablespoon garlic powder
• 1 tablespoon paprika
• Fresh rosemary and thyme (for stuffing cavity)

Instructions

1. Brine the Turkey

   • In a large stockpot, combine water, salt, sugar, peppercorns, garlic, rosemary, thyme, and orange slices. Bring to a boil, then cool completely.
   • Submerge the turkey in the brine and refrigerate for 12-24 hours.

2. Prepare for Roasting

   • Remove the turkey from the brine, rinse thoroughly, and pat dry.
   • Preheat the oven to 325°F.

3. Season the Turkey

   • Mix the butter, olive oil, garlic powder, and paprika. Rub the mixture generously under the skin and on the exterior of the turkey.
   • Stuff the cavity with fresh rosemary, thyme, and any leftover orange slices.

4. Roast

   • Place the turkey on a roasting rack and roast for 3-3.5 hours, or until the internal temperature reaches 165°F in the thickest part of the breast.
   • Baste with pan drippings every 30 minutes for a golden, buttery finish.

5. Rest and Serve

   • Let the turkey rest for 20-30 minutes before carving. Serve and enjoy!

Making the Most of the Mid-Wilshire Market

Whether you’re buying or selling, understanding the local market dynamics in Mid-Wilshire is key. Sellers should focus on presentation and pricing, while buyers can take advantage of the slower market to negotiate favorable terms.

For personalized advice or if you’re considering buying or selling in Mid-Wilshire, don’t hesitate to reach out. Let’s make your real estate journey as smooth and successful as possible!

All the best,

- Nathan Derry, Realtor with JohnHart Real Estate

📍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.

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Ready to make the best move of your life… let’s chat today!

Mid-Wilshire Real Estate Market

October 2024 Housing Trends

Absorption Rate Explained

Home Security Tips for Travelers

Holiday Travel Preparations

Buttery Brined Turkey Recipe

Realtor Advice for Sellers

Los Angeles Real Estate Insights

Market Trends in 90036

Nathan Derry Realtor Tips