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Absorption Rate Analysis – September 2023: Things Look Up for Buyers as Absorption Rates Sink Down Current Real Estate, Industry, Local News, RE News October 2, 2023 Seth Styles and Harout Keuroghlian Temperatures in SoCal may be about to rise again, but September was, appropriately enough, all about the fall. And we’re not...
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 (ADU's). 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 ...
The Studio City neighborhood in California's 91604 zip code has always been a popular choice for homeowners, and it's no wonder why. In this blog post, we'll explore the absorption rate for homes in 91604 for October 2023, offering a unique glimpse into the astonishing pace of property sales in this vibrant community. Understanding Absorption Rate The absorption rate is a ...
Studio City, CA 91602, has always been an attractive and sought-after area for homeowners. In this blog post, we'll explore the absorption rate for homes in 91602cfor October 2023, which provides a fascinating glimpse into the rapid pace of property sales in this vibrant community. Understanding Absorption Rate The absorption rate is a key metric in the real estate world that illu...
Nestled in the iconic Hollywood Hills, California's 90068 zip code has long been a place of intrigue and allure. In this blog post, we'll explore the absorption rate for homes in Hollywood Hills for October 2023, providing insights into the pace of property sales in this captivating neighborhood. Understanding Absorption Rate The absorption rate is a pivotal metric in the real...
The real estate market in Studio City, CA 91607, is continually evolving, and it's crucial to keep an eye on the key metrics that shape the buying and selling landscape. In this blog post, we'll delve into the absorption rate for homes in 91607 for October 2023, providing valuable insights into the pace of property sales in this highly desirable area. Understanding Absorption Rat...
As we enter the fall season in 2023, the real estate market in Tarzana, CA continues to be dynamic and competitive. In this blog post, we will explore the absorption rate for condominiums (condos) in Tarzana for the month of October 2023. This valuable metric provides insights into how quickly condos are being sold in this vibrant market. Absorption Rate Overview Absorption rate is a ...
December 4, 2023 Seth Styles and Harout Keuroghlian Last month, we talked about the calm before the storm. Well, we wouldn’t ring the alarms just yet, but November gave us a bit more drama than October with some decent rises and falls across the Greater Los Angeles area. It’s a surprising amount of absorption rate activity for a time when the market is a...
As our absorption rate analysis blogs have likely emphasized by now, statistics are often at the whim of interpretation. These numbers are concrete: they tell us something that actually happened. A certain number of homes were sold in a given area. A certain number of homes were on the market in that same area. Anything beyond that is an assigned meaning that we’ve come to through a mixtu...
February 5, 2024 We’ve come to expect lower absorption rates in January, but January 2024 more than understood the assignment. All except one neighborhood dropped further into the buyer’s favor. One dropped further toward the buyer’s favor than we’ve ever seen in a single month. Another has officially camped out at the threshold of the universally accepted buyer&rsquo...
