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.
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:|
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.