We’ve seen the summer favor buyers before, but not quite like in June this year. The last time we even got close to a near-universal absorption rate drop like we saw last month was in July 2023. Back then, 10 of our 12 neighborhoods dropped closer to the buyer’s favor. But in June 2024, only […]
It’s been an interesting month in the Greater LA housing market as more housing inventory flows into a parched market. We ended April’s absorption rate analysis with a prescient statement: “We did see a higher number of houses for sale in Los Angeles hitting the market in April. If that trend continues, we may see […]
In a year when so many agents have thrown in the towel, balking at a market unforgiving of even the slightest misstep, a lucky 13 JohnHart real estate agents secured spots on the prestigious RealTrends America’s Best Real Estate Agents list for 2024. As the name suggests, these aren’t just the best real estate agents […]
April 2024 brings more of that same energy we saw in March as the industry shakes off the accumulated frost of the holiday hibernation. A lot of our communities continued to climb further into the seller’s market, though with less severity. One neighborhood really ingratiated itself to sellers with a double-digit surge. But it was […]
Glendora real estate is getting redefined. JohnHart Real Estate proudly opened its much-anticipated Glendora office with a ribbon-cutting ceremony on Thursday, April 25, inviting the community to get a first look at an office that visually matches our unconventional real estate ethos. Innovation has always been second nature at JohnHart. But our Glendora office created […]
Now these are some numbers that look familiar. The housing market has spent a couple of months in the wake of the holidays stretching out of hibernation. But March’s nearly straight run of surges brings us back to very familiar territory. Maybe painfully familiar for buyers. It was a month that saw neighborhoods surging further […]
As technology-based as our industry can be, it’s no wonder we found a way to hop on the artificial intelligence craze. But could AI feasibly replace flesh-and-blood real estate agents? It’s a question you may want to pose to Luxora. That’s the name Las Vegas’s Luxury Realty Group gave one of its newest recruits: a […]
February’s come and gone and we have to say it wasn’t quite the expected mad dash deeper into seller’s territory. Typically, when we see a nearly unanimous drop toward the buyer’s favor like what we witnessed in January, it’s just the beginning of the slingshot being pulled back. The next month is almost always a […]
It’s one thing to get facetime on The Grammys. But when you get a shoutout on Foos Gone Wild? That’s when you know you’ve made it in LA. Such is the riches-to-rags-to-tags tale of Oceanwide Plaza, a stagnant development that has been unofficially reclaimed by LA’s art community. Once a trio of towers on their […]
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’s […]
