And Then There Was One….Low Inventory in 360 South Bay

The lack of new listings continues to be a big problem for buyers in 360 and Fusion. As of February 15th there is only one home for sale in 360 and one in Fusion. While there are some upcoming listings we’re aware of, it’s fairly unbelievable that more owners don’t want to sell in such a favorable market. Prices are at an all time high due to the limited number of homes and the continual demand for homes in these gated communities.

Until more homes become available on the market it’s going to remain a very tough market for home buyers.

See the current home for sale in 360 and information (including homes for sale if any) on Fusion South Bay real estate.

How do Hollyglen Home Prices Compare with the Rest of Hawthorne, CA?

Without question the neighborhoods of Hollyglen and Del Aire the highest prices in the Hawthorne CA real estate market.  With the award winning school district of Wiseburn, the newer construction complexes of 360 South Bay and Fusion South Bay and a residential feel, it competes more with nearby Torrance than other neighborhoods in Hawthorne.  Below are the median home prices in Hollyglen/Del Aire (blue), North Hawthorne (red) Bodger Park (green) and East Hawthorne (grey).   Although all neighborhoods have been steadily increasing in value, the Hollyglen median home prices are consistently $200K+ more than it’s neighboring areas of Hawthorne.

Hawthorne Home Sales and Prices for November 2017

November 2017 was a solid month for home sales in Hawthorne.  There were 50 sold homes in Hawthorne in the month at a median home price of $578,000 which was a 6.9% gain from the same month a year earlier.  To see the sold homes in Hawthorne and Hollyglen visit our recent home sales page.

Of the 50 homes sold in Hawthorne, 10 of the homes were in Hollyglen and the Hollyglen/Del Aire home sales had a median home price of $842,500.  Of the 10 Hollyglen home sales 6 were homes and townhomes in 360 South Bay and one was located in Fusion South Bay.

City Homes Sold November 2017 Median November 2016 Median Year over Year % Change%
Carson 58 $495,000 $455,000 8.8%
El Segundo 19 $875,000 $925,000 -5.4%
Gardena 43 $545,000 $490,000 11.2%
Harbor City 17 $510,000 $415,000 23%
Hawthorne 50 $578,000 $540,000 6.9%
Hermosa Beach 21 $1,414,000 $2,038,000 -30.6%
Lawndale 21 $404,000 $411,000 23%
Lomita 17 $575,000 $580,000 -.9%
Long Beach 322 $525,000 $475,000 10.5%
Manhattan Beach 28 $2,875,000 $2,250,000 27.8%
Marina Del Rey 35 $979,000 $1,150,000 -14.9%
Palos Verdes Estates 30 $1,600,000 $1,825,000 -12.3%
Playa Del Rey 16 $665,000 $635,000 4.8%
Rancho Palos Verdes 47 $1,265,000 $1,250,000 1.2%
Redondo Beach 72 $1,105,000 $878,000 25.8%
San Pedro 69 $530000 $588,000 -9.8%
Torrance 127 $675,000 $632,000 6.9%
Westchester 38 $1,089,000 $1,050,000 3.7%

Hollyglen and Del Aire Home Sales and Home Prices

The neighborhoods of Hollyglen and Del Aire saw a nice jump in home sales with a 15 recorded property sales for September of 2017.   The average sale price was $811,000 in this pocket of Hawthorne.   3 of the home sales were in 360 South Bay with 2 homes sold in Fusion South Bay.

In August, overall the South Bay trended up from the previous year in terms of median home prices with only a few local cities seeing a decrease in y over year prices.

To see all of the home sales in Hollyglen, Del Aire, Hawthorne, and the cities below visit our recent home sales page.

City Homes
Sold
August
2017 Median
August
2016 Median
Year
over Year % Change%
Carson 52 $470,000 $450,000 4.3%
El Segundo 15 $1,235,000 $1,075,000 14.9%
Gardena 53 $495,000 $472,000 4.9%
Harbor City 20 $521,000 $522,000 -.2%
Hawthorne 45 $583,000 $575,000 1.4%
Hermosa Beach 22 $1,358,000 $1,723,000 21.2%
Lawndale 17 $460,000 $498,000 -7.5%
Lomita 19 $610,000 $619,000 -1.5%
Long Beach 404 $490,000 $463,000 5.9%
Manhattan Beach 36 $2,230,000 $1,815,000 22.9%
Marina Del Rey 37 $940,000 $1,059,000 -11.2%
Palos Verdes Estates 37 $1,545,000 $1,413,000 9.4%
Playa Del Rey 27 $625,000 $623,000 .3%
Rancho Palos Verdes 60 $1,088,000 $1,065,000 2.2%
Redondo Beach 118 $975,000 $969,000 .6%
San Pedro 78 $572,000 $481,000 19%
Torrance 154 $698,000 $645,000 8.2%
Westchester 50 $1,180,000 $1,093,000 8%

Home Prices in Hollyglen and Del Aire for June 2017

June 2017 was a big month for home sales in Hollyglen and Del Aire with a high number of homes selling.  This small coastal area outside of Los Angeles is technically part of Hawthorne.  Hawthorne recorded a very high 45 homes sales with a median price of $592,000 while the Hollyglen/Del Aire area saw 14 home sales with a median price of $805,000.  Of the 14 sales 2 were townhomes in Fusion South Bay, 3 were homes in Three Sixty South Bay and the rest were scattered through the community.  Click here to see all of the recent home sales in Hawthorne, Hollyglen and South Bay.

City Homes Sold June 2017 Median June 2016 Median Year over Year % Change%
Carson 61 $445,000 $450,000 -1.1%
El Segundo 15 $800,000 $1,135,000 -29%
Gardena 70 $461,000 $430,000 7.2%
Harbor City 19 $465,000 $547,000 -15%
Hawthorne 45 $592,000 $624,000 -5.1%
Hermosa Beach 26 $1,718,000 $1,274,500 34.8
Hollywood Riviera 19 $1,375,000 $1,177,000 14.4%
Lomita 18 $565,000 $555,000 1.8%
Long Beach 419 $523,000 $470,000 11.2%
Manhattan Beach 57 $2,467,000 $1,924,000 28.2%
Marina Del Rey 34 $968,000 $900,000 7.6%
Palos Verdes Estates 46 $1,679,000 $1,533,000 9.5%
Playa Del Rey 34 $683,000 $603,000 13.3%
Rancho Palos Verdes 75 $1,240,000 $1,200,000 3.3%
Redondo Beach 117 $969,000 $945,000 2.5%
San Pedro 82 $510,000 $500,000 1.9%
Torrance 184 $673,000 $635,000 5.9%
Westchester 42 $1,090,000 $1,050,000 3.8%

The Year in Review – 360 South Bay Real Estate Recap

By Keith Kyle

2016 was an incredible year in 360 at South Bay with home prices continually on the rise and most listings not lasting long before going into escrow.  There were 39 closed home sales in 2016 in Three Sixty with a median price of just under $745,000.  Compare this with 2015 which saw 47 home sales at a median price of $703,000.  The least expensive home of 2016 was a one bedroom in The Flats selling for $525,000 with the highest sale of the year being a detached 4 bedroom in the Terraces closing at $1,325,000.  Of the 38 home sales the various model/floorplans were:


Address Price Price Per Sq Ft Br/Ba Square Feet Days on Mkt
5540 Strand AV #203 $525,000 $590 1/1,0,0,0 890/A 31/31
13126 Union AV #203 $565,000 $635 1/1,0,0,0 890/A 45/45
12922 Union AV #403 $578,000 $437 1/1,0,1,0 1323/SEE 42/42
13032 Union AV #401 $612,500 $463 1/2,0,0,0 1323/B 02/02/17
5351 Ocean #104 $649,000 $515 2/2,0,1,0 1260/A 23/23
13021 Central AV #302 $660,000 $452 2/2,0,0,0 1460/A 29/29
13024 Union AV #203 $670,000 $469 2/2,0,0,0 1429/B 26/26
5540 Strand AV #202 $680,000 $507 2/2,0,0,0 1340/A 49/49
13032 Union AV #203 $680,000 $476 2/2,0,0,0 1429/B 38/38
13024 Union AV #301 $685,000 $507 2/2,0,0,0 1350/A 53/53
13022 Central AV #201 $688,000 $481 2/2,0,0,0 1429/B 23/89
12825 CITY DR #105 $690,000 $505 2/2,0,1,0 1367/A 21/21
12915 PARK PL #204 $695,000 $448 2/2,0,0,0 1550 23/23
5439 Strand #105 $703,000 $482 2/2,0,1,0 1460/A 12/12/17
5449 Strand #102 $715,000 $460 2/2,0,1,0 1554/B 32/32
13028 Central AV #402 $720,000 $465 2/2,0,0,0 1548/B 06/06/17
13024 Union AV #402 $725,000 $468 2/2,0,0,0 1548/B 04/04/17
13124 Central AV #301 $728,000 $438 2/2,0,0,0 1662/B 06/06/17
5530 Strand #401 $740,000 $490 2/2,0,0,0 1511/D 13/13
5537 Strand #103 $749,500 $437 2/2,0,1,0 1714/B 46/46
5552 Coral DR #107 $770,000 $476 3/1,2,0,0 1616/AP 49/49
5423 Ocean #101 $780,000 $423 3/2,0,1,0 1843/A 35/35
5554 Coral DR #104 $785,000 $510 2/2,0,1,0 1540/A 05/05/17
12921 Mission AV #102 $792,000 $514 2/1,1,1,0 1540/A 01/01/17
13228 Central AV #102 $815,000 $422 3/3,0,1,0 1930/A 11/01/40
13123 Park #101 $829,000 $450 3/2,0,1,0 1843/A 52/52
5593 Palm DR #103 $829,000 $511 3/2,0,1,0 1621/B 11/11/17
13220 Central AV #102 $830,000 $420 3/3,0,1,0 1978/S 44/44
5433 Ocean #102 $835,000 $442 3/3,0,1,0 1890/A 02/02/17
13131 Park PL #103 $837,000 $434 3/4,0,0,0 1930/A 47/47
13123 Park PL #103 $847,500 $439 3/4,0,0,0 1930/A 37/37
5593 Palm DR #109 $849,000 $404 4/3,0,1,0 2100/B 01/01/17
13220 Central AV #103 $849,000 $440 3/3,0,1,0 1930/A 52/52
5439 Strand #101 $850,000 $417 3/3,0,0,0 2040/A 0/0
5547 Strand #106 $852,000 $386 3/3,0,0,0 2210/T 08/08/17
13130 PARK PL #106 $855,000 $462 3/3,0,0,0 1850 08/08/17
5547 Palm DR $869,000 $506 3/3,0,1,0 1719/D 07/07/17
5531 Palm DR $1,325,000 $538 4/2,0,1,0 2463/B 10/10/17

Goodbye 2016, Hello 2017 – Hollyglen real estate forecast

By Keith Kyle

2016 was a very strong year for real estate in Hollyglen and Del Air and the South Bay.  Foreclosures and short sales slowed to a trickle, home prices rose throughout the year, demand continued to rise and Hollyglen continued to be a highly sought after community.

So what’s in store for the Hollyglen real estate market in 2017?  With interest rates still low and pent up demand still outweiging the current inventory, it looks to be more of the same.  Prices are at peak levels and interest rates have risen slightly which may cool things off just a bit but the demand is strong for homes in this coastal community.  Visit the Hollyglen and Del Aire real estate market statistics to keep up with the latest trends.