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Celebrating National Good Neighbor Day

Hello, everyone! I'm Nathan Derry, a Realtor with JohnHart Real Estate. Today, I want to talk about something that's close to my heart and is important not only for homeowners but for the entire community - National Good Neighbor Day. What Is National Good Neighbor Day? National Good Neighbor Day, celebrated on September 28th in the United States, is a day dedicated to recognizin...

Exploring Harvard Heights: Embracing Suburban Charms in the Heart of the City

Hello, dear readers! I'm Nathan Derry, your trusted Realtor from JohnHart Real Estate. Today, we're venturing into the vibrant neighborhood of Harvard Heights, where an exciting blend of city living and suburban tranquility awaits. In the real estate landscape of September 2023, Harvard Heights has some compelling stories to tell. Harvard Heights by the Numbers Before we delve...

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Navigating the Housing Shortage in Palms, 90034

As a seasoned Realtor in the vibrant market of Palms, 90034, I'm no stranger to the challenges and opportunities that come with guiding clients through real estate transactions. In September 2023, we witnessed an Absorption rate of 45%—a statistic that perfectly encapsulates the dynamism of this market. With 22 active listings and 10 properties sold within the same month, the real...

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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Understanding the Palms Real Estate Market in July 2024: A Realtor's Perspective

As we dive into the real estate data for Palms, 90034, for July 2024, the market presents some intriguing trends and opportunities for both buyers and sellers. With an absorption rate of 22%, the market in Palms is showing signs of moderate activity. Out of the 40 active listings, 9 properties sold, with an average sales price of $1,380,000, and an impressively low average of just 11 days o...

Beverly Grove Real Estate Market in July 2024

As we delve into the real estate market data for Beverly Grove, 90048, for July 2024, we see an absorption rate of 9%. This means that only 9% of the available properties were sold during the month. Specifically, out of the 55 active listings, only 5 properties sold, with an average sales price of $2,199,000 and an average of 52 days on the market (DOM). Understanding the 9% Absorption R...

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Pico-Robertson Real Estate Market in July 2024

As we dive into the real estate data for Pico-Robertson, 90035, for July 2024, we see an active and competitive market. With an absorption rate of 47%, the neighborhood is teetering on the edge of being a seller's market. Out of the 19 active listings, 9 properties sold, with an average sales price of $1,795,000 and a swift average of just 22 days on the market (DOM). This robust absorp...

Mid-Wilshire Market Update

The Mid-Wilshire neighborhood in Los Angeles has seen notable real estate activity this past July, 2024, with an absorption rate of 45%. For those unfamiliar with the term, the absorption rate is a key metric used in real estate to measure the rate at which homes are sold in a specific market over a given period. A balanced market typically has an absorption rate of around 20%, so at 45%, M...