Happy Holidays from Hollyglen CA

From our family to yours we wish you a very happy holiday season.  While we may not have the weather that feels like the holidays, the South Bay certainly has the spirit.  From Santa’s slieigh travelling through the South Bay to holiday fireworks on the Manhattan Beach pier, the South Bay loves to celebrate the holidays.  We hope that you have a very happy and safe holiday season.

The Steady Climb of Hollyglen and Del Aire Home Prices

Hollyglen and Del Aire may be two of the hottest real estate markets in all of the South Bay.   Prices have risen steadily for over 5 straight years and there appears to be no end in sight.  While some of the high end markets in the Beach Cities seem to be slowing, demand in the $700-000 to $900,000 range that makes up the bulk of Hollyglen and Del Aire continues it’s unbelievable pace.

The chart below shows the median home prices in the neighborhoods for the past 3 years.  See the current homes for sale in Hollyglen and Del Aire with our active listings page.

How Do Hollyglen/Del Aire Home Prices Compare East and West of the 405

While there are numerous determining factors when it comes to home values in the Hollyglen/Del Aire, Wiseburn areas of Hawthorne it’s interesting to consider the numbers for homes east and west of the 405 San Diego Freeway.  The freeway cuts down the middle of this area and while some of the homes east of the 405 attend the Wiseburn School District some do not.  As most of the homes (other than 360 and Fusion South Bay) were built in the 40s and 50s it’s a good comparison.  So how much less are the homes east of the freeway?

Since January 1 2018 (based on the date article was written of 9/25) there were 48 single family homes sold west of the 405.  Here are the numbers:

  • Average List Price:  $909,117
  • Average Sales Price:  $927,775
  • Median Sales Price: $887,500
  • Average Price Per Square Foot:  $622.81
  • Highest Price:  $1,300,000
  • Lowest Price:  $710,000
  • Average Day on Market:  22

Compared with the area east of the 405 (West of Inglewood Ave)  Since January 1 2018 (based on the date article was written of 9/25) there were 33 single family homes sold east of the 405.  Here are the numbers:

  • Average List Price:  $693,435
  • Average Sales Price:  $722,633
  • Median Sales Price:  $730,000
  • Average Price Per Square Foot:  $638.24
  • Highest Price:  $870,000
  • Lowest Price:  $550,000
  • Average Day on Market

See the current homes for sale in Hollyglen and Del Aire

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
2017 Median
2016 Median
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%

How Do You Find Out About Pocket Listings and Off Market Properties?

In this incredibly competitive market many homes are not even making it to the market.   So how do you find out about these homes?  First it’s important to understand just what we’re talking about.

What does off market or a pocket listing mean?

It can actually mean a few different things but in general, when we refer to homes sold off market or pocket listings these are homes that are never put on the MLS and therefore unknown to most buyers and many realtors.  That means that searching the Redfins and Zillows of the world may mean that you’re not aware of these types of opportunities.

Why would a seller want to sell the home off market?

In general it’s not a great idea.  Fewer buyers that know about the home usually means less competition and ultimately a lower sales price.  That’s certainly not always the case but usually accurate to some extent.  Sellers have many reasons for not wanting to put their home on the market.  It may be due to privacy reasons such as not wanting the neighbor or even the tenant know that the home is for sale.  It may be that they don’t want to deal with some of the hassles that come along with listing a home…..buyer’s and agents that want to show the home at all hours, open houses on the weekends and more people simply curious with few legitimate buyers.  Whatever the reason it does limit the exposure and again usually limits the price.

That’s why it can be a good opportunity for buyers….less competition, fewer bidding wars which generally leads to a lower sales price.

How do I find out about these homes?

Unlike the MLS listings, off market, upcoming and pocket listings are much more elusive.  The key is to work with an agent that has deep connections in the community and market.  Some of the top realtors in certain areas may share information on these hard to find opportunities and the larger or more numerous the seller and agent networks, the more information the agent can obtain.

We are happy to help you find off market homes but this requires a good deal of work, considerable communication with sellers and agents and a readiness to act should the right home come available.  If you would like us to help find off market opportunities please feel free to text us at 310-251-2344 or email us with the details of your home search.

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%

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.

Hollglen Hawthorne Real Estate Market Trends

By Keith Kyle

Just when it started to appear that inventory was finally on the rise, it quickly peaked and dropped down to very low levels once again. The chart below shows all the South Bay and Palos Verdes areas for the past year.  We saw a peak in July wth 1,726 active homes for sale, but have steadily declined since and are not nearing the low point of last December.  Inventory generally picks up after December and hopefully the general trend of inventory steadily rising until mid summer continues.  The housing market chart for just Hollyglen and Del Aire is at the bottom of the page.

Housing market trends for Hollyglen and Del Aire were slightly more balanced, which was due more to the limited number of homes in the area which makes for a much smaller sample size.  With so few homes that come on the market it makes determining specific trends a bit more difficult.