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%