South Bay Home Sales for February 2019
The real estate market in Hollyglen and Hawthorne picked up a bit in February of 2019 compared with the previous year. Hawthorne home prices were up almost 8% over the previous February.
Category: Hawthorne California
Importance of Having an Expert Home Inspector in Hollyglen Real Estate
When purchasing a home in Hollyglen, Del Air or anywhere for that matter, one of the most important steps is the home inspection process. It can be limited to a physical home inspection but there are many other elements to the process as well. It’s critical to work with a good home inspector that will help you better understand about the structural, safety and even cosmetic issues with the house. Home inspectors don’t inspect everything and sometimes other inspections and inspectors are warranted. A good realtor will help guide you through the inspection process and help you find a great Redondo Beach home inspector.
Check It Out – Real Estate Links to the Communities Around Hollyglen
South Bay Communities and Real Estate Websites Around Hawthorne
If Hollyglen and Del Aire aren’t the only neighborhoods you might be interested in, click on any city, neighborhood or photo below to see a real estate website designed specifically to provide valuable information on that area. See the current homes for sale, recent home sales, market statistics, area maps, photos and more. We hope that our information can help you with your home search. If you want other information or would like our assistance with your search please don’t hesitate to contact Keith Kyle for all of your real estate needs.
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Good Schools Make a Big Difference in Home Prices and Home Searches
When it comes to choosing a neighborhood schools make a big difference. Hollyglen home prices are directly impacted by the Wiseburn School system and the demand that creates with families wanting to be in the district. The CAR (California Association of Realtors) recently surveyed home buyers and 47% said that the right school or a good district was very important in their decision making. In addition 43% of consumers under 34 said schools are important and 58% of consumers making over $100,000 said that schools were a big part of their home search.
Large Home Price Differences in Hawthorne West or East of the 405 Freeway?
For realtors it’s all about location. The old saying of course is “location, location,
location.” From a real estate market perspective, the Hollyglen/Del Aire area basically consists of two distinct areas….the strip of homes west of the 405 Freeway and the homes East of the 405. Values have always been higher on the west for a number of reasons. All of the homes west of the freeway attend the Wiseburn School District while only about half of the homes east of the 405 do (rest are part of Centinela Valley district). There is less commercial around the neighrhoods on the west.
Here are the numbers for 2018 (only comparing single family homes with 3 beds and 2 baths):
| West of the 405: | East of the 405: |
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Hollyglen and Del Aire Real Estate Recap – 2018 Year in Review
Hollyglen and Del Aire were two of the hottest markets in all of the South Bay. Homes often had multiple offers and sold over list price. See 
the full list of the 159 homes that sold in 2018 in Hollygle and Del Aire. The average list price for the year was a pretty impressive $821,000 with an even more impressive average sales prices of $837,000 meaning on average homes sold well higher than list price. That’s especially impressive given that many sellers listed their homes for record numbers.
2018 By the Numbers
See the chart below for a month by month analysis of the Hollyglen and Del Aire real estate market.
| Jan | Feb | Mar | Apr | May | June | July | Aug | Sep | Oct | Nov | Dec | |
| For Sale | 5 | 5 | 4 | 11 | 15 | 8 | 17 | 7 | 12 | 6 | 10 | 12 |
| New Listingq | 8 | 12 | 18 | 23 | 25 | 18 | 29 | 8 | 17 | 8 | 11 | 11 |
| Sold | 4 | 8 | 9 | 15 | 19 | 16 | 26 | 22 | 9 | 15 | 8 | 7 |
| In Escrow | 8 | 11 | 18 | 13 | 19 | 28 | 21 | 8 | 15 | 8 | 7 | 10 |
| Months of Inventory (Closed Sales) |
1.3 | 0.6 | 0.4 | 0.7 | 0.8 | 0.5 | 0.7 | 0.3 | 1.3 | 0.4 | 1.3 | 1.7 |
| Months of Inventory (Pended Sales) |
0.6 | 0.5 | 0.2 | 0.8 | 0.8 | 0.3 | 0.8 | 0.9 | 0.8 | 0.8 | 1.4 | 1.2 |
| Absorption Rate (Closed Sales) % |
80 | 160 | 225 | 136.4 | 126.7 | 200 | 152.9 | 314.3 | 75 | 250 | 80 | 58.3 |
| Absorption Rate (Pended Sales) % |
160 | 220 | 450 | 118.2 | 126.7 | 350 | 123.5 | 114.3 | 125 | 133.3 | 70 | 83.3 |
| Avg. Active Price | $831,000 | $700,000 | $1,040,000 | $921,000 | $925,000 | $816,000 | $847,000 | $772,000 | $829,000 | $879,000 | $913,000 | $853,000 |
| Avg. Sold Price | $777,000 | $807,000 | $785,000 | $820,000 | $857,000 | $856,000 | $854,000 | $857,000 | $892,000 | $800,000 | $763,000 | $889,000 |
| Avg. Sq. Ft. Price (Sold) |
583 | 583 | 555 | 594 | 565 | 606 | 548 | 616 | 584 | 630 | 596 | 581 |
| Sold/List Diff. % |
101 | 101 | 104 | 102 | 103 | 104 | 100 | 103 | 103 | 101 | 99 | 100 |
| Sold/Orig LP Diff. % |
99 | 101 | 104 | 102 | 102 | 103 | 99 | 103 | 102 | 101 | 99 | 99 |
| Avg Days on Market |
47 | 17 | 11 | 19 | 28 | 11 | 17 | 17 | 13 | 14 | 43 | 22 |
| Median Sold Price | $770,000 | $739,000 | $805,000 | $809,000 | $870,000 | $840,000 | $823,000 | $819,000 | $880,000 | $795,000 | $707,000 | $885,000 |
Hollyglen 2018 Stats
