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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...