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Understanding the Absorption Rate in Mid Wilshire, 90036 for April 2024

As a seasoned Realtor in the Mid Wilshire area, I've seen firsthand how the local real estate market evolves. For April 2024, the absorption rate in Mid Wilshire, specifically in the 90036 zip code, stood at an impressive 38%. This figure is derived from the 21 active listings and the 8 properties sold within the month, translating to a healthy and active market. The average sales price...

Beverly Grove Real Estate Market Update: April 2024

As a seasoned Realtor in Los Angeles, it's essential to keep homeowners and prospective buyers informed about the latest market trends. For Beverly Grove, 90048, the real estate absorption rate for April 2024 stands at 21%. This metric indicates that out of 47 active listings, 10 homes were sold. The average sales price was an impressive $2,700,000, with properties spending an average of 46...

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West Adams Real Estate Market Update and the Impact of California's AB12

Hello, West Adams community! Nathan Derry here, your local Realtor with JohnHart Real Estate, bringing you the latest insights on our vibrant neighborhood. Let's dive into the current real estate market and explore how the new California law AB12 could affect investors. Market Snapshot: May 2024 West Adams has shown impressive activity this past month. With an absorption rate of 5...

Palms, 90034: August 2024 Real Estate Absorption Rate & Commission Changes

As we enter the fall season, it's important to reflect on the real estate trends we've observed this past summer in Palms, 90034. For the month of August 2024, Palms recorded an absorption rate of 44%, indicating that homes in this desirable West Los Angeles neighborhood are still moving steadily. With 34 active listings and 15 homes sold, it’s clear that while demand remains ...

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Mid-Wilshire Market Update: A Healthy Absorption Rate of 52% for August 2024

Hey, everyone! Nathan Derry here with JohnHart Real Estate, bringing you an update on the Mid-Wilshire market for August 2024. If you’re keeping an eye on the real estate scene in 90036, you’ll be interested to know that the absorption rate hit a healthy 52% this past month. But what does that really mean for buyers, sellers, and investors? Breaking Down the Numbers Th...