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June 2023 Absorption Rate for Palms, 90034

Exploring the Vibrant Real Estate Market of Palms, 90034 Hello, readers! I'm Nathan, your local Realtor, and I'm thrilled to take you on a journey through the vibrant real estate market of Palms, 90034. In this blog post, we'll dive into the exciting statistics and trends that define this neighborhood's current landscape, including the absorption rate, active listings, so...

Californians Can Buy and Sell ADU Homes Like Condos Thanks to AB 1033

It’s a great time in California to own an ADU. Last year, our government made it easier than ever to build authorized accessory dwelling units (ADUs). But now, thanks to Assemblyman Phil Ting’s (D-San Francisco) recently drafted Assembly Bill 1033, it’s becoming just as easy to sell these units as ADU homes the way one would sell a condo. It’s a big step toward ...

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The Affordable Housing Paradox in LA County: Investments and Vacancies

As a Realtor deeply invested in the well-being of Los Angeles, I, Nathan Derry, have witnessed firsthand the complexities of our housing market. LA County has poured billions into affordable housing initiatives, yet a significant number of apartments remain vacant. This blog explores the financial commitments made by the county, the paradox of empty units, and how issues such as mental heal...

Harvard Heights July 2024 Market Update: Absorption Rate and Homeless Encampments Policy

Market Overview For July 2024, Harvard Heights (90006) has an absorption rate of 14%. This metric is calculated based on 14 active listings and 2 properties sold during the month. The average sales price was $924,500, and properties typically spent 23 days on the market (DOM). Impact of Governor Gavin Newsom's Homeless Encampment Policy In a significant move, Governor Gavin...

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July 2024 Market Update for Koreatown, 90005: Absorption Rate and Homeless Encampments Policy

Absorption Rate Analysis As of July 2024, the absorption rate for Koreatown, 90005 stands at 25%. This figure is derived from the current 8 active listings and 2 properties sold over the past month, with an average sales price of an astounding $5,340,000. The exceptionally high average sales price can be attributed to the significant lack of inventory in the area, leading to heightened c...

Habitat for Humanity: Building Homes, Communities, and Hope

Habitat for Humanity is a global nonprofit organization that has transformed lives and communities by providing affordable housing for those in need. But how did it all begin, and how does it continue to make such a significant impact? Whether you're looking to apply for assistance, get involved, or simply learn more about this incredible cause, this blog will cover everything you need ...