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Pico Robertson: A March 2024 Real Estate Snapshot

Greetings, homeowners and Real Estate enthusiasts! Nathan Derry here, your dedicated Realtor with a fresh update on the vibrant real estate market in Pico Robertson, 90035. Let's delve into the numbers for March 2024. Impressive Absorption Rate: 72% Pico Robertson is buzzing with Real Estate activity, boasting an impressive absorption rate of 72% this March. Among the 11 active li...

Being Realistic on Price When Submitting Offers: Essential Tips for Prospective Home Buyers

Hello future homeowners! Nathan Derry here, your trusted Realtor, ready to share some crucial insights on how to navigate the competitive Real Estate market. Buying a home is an exciting journey, but it can also be daunting, especially when it comes to making offers. Today, let’s discuss the importance of being realistic about pricing, strategies to get your offer accepted, and why ta...

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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...

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...

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Exploring the Growing Trend of "Next-Generation" Properties: A Smart Choice for Your Family and Finances

Hello! I'm Nathan Derry with JohnHart Real Estate, here to discuss a trend that's been gaining momentum in the real estate world—next-generation (or "next-gen") properties. These innovative homes are designed to meet the evolving needs of modern families and offer a variety of benefits, from providing a safe and comfortable space for aging family members to generatin...

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...

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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...

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...

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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...

The Growing Trend of Family Compounds: Building Generational Wealth and Beyond

In recent years, the concept of family compounds has gained significant traction, especially among those seeking to create lasting legacies and secure their financial futures. But what exactly is a family compound, and why has it become such a popular choice for families across the country? Let's delve into the reasons behind this growing trend, the potential tax benefits, and how it se...