March saw some strong numbers in most South Bay cities with most cities seeing a rise in home prices over the previous March. Hawthorne saw a 14.9% price increase over March 2018. There was a 21% drop in the number of homes that sold but in a smaller city like Hawthorne that’s not unusual. The average sales price was $703,000 for the month.
| City |
Zip
|
March 2018 # Sold Homes |
March 2018 Avg Sales Price |
March 2019 # Sold Homes |
March 2019 Avg Sales Price |
% Change from the # of homes sold |
% Change from the Avg Sales Price |
| El Segundo |
90245
|
10
|
$,513,000
|
10
|
$1,410,000
|
0%
|
-6.%
|
| Gardena |
90247
|
10
|
$535,000
|
7
|
$540,000
|
-30%
|
0.9%
|
| Gardena |
90248
|
5
|
$540,000
|
2
|
$581,000
|
-60%
|
7.5%
|
| Gardena |
90249
|
12
|
$525,000
|
13
|
$550,000
|
8%
|
4.%
|
| Harbor City |
90710
|
7
|
$620,000
|
3
|
$689,000
|
-57%
|
11%
|
Hawthorne |
90250 |
29 |
$612,000 |
23 |
$703,000 |
-21% |
14.9% |
| Hermosa Beach |
90254
|
11
|
$1,927,000
|
12
|
$1,625,000
|
9%
|
-15.7%
|
| Lawndale |
90260
|
6
|
$550,000
|
10
|
$654,000
|
67%
|
1.9%
|
| Lomita |
90717
|
12
|
$611,000
|
10
|
$662,000
|
-17%
|
8.3%
|
| Manhattan Beach |
90266
|
27
|
$2,225,000
|
28
|
$2,225,000
|
4%
|
0%
|
| Rancho Palos Verdes |
90275
|
35
|
$1,690,000
|
23
|
$1,853,000
|
-34%
|
9.6%
|
| Redondo Beach |
90277
|
23
|
$1,490,000
|
10
|
$1,330,000
|
-57%
|
-10.7%
|
| Redondo Beach |
90278
|
13
|
$978,000
|
18
|
$1,104,000
|
38%
|
12.9%
|
| Torrance |
90501
|
17
|
$675,000
|
11
|
$605,000
|
-35%
|
-10.4%
|
| Torrance |
90502
|
7
|
$519,000
|
7
|
$583,000
|
0%
|
12.3%
|
| Torrance |
90503
|
16
|
$904,000
|
14
|
$929,000
|
-13%
|
2.8%
|
| Torrance |
90504
|
12
|
$723,000
|
20
|
$745,000
|
67%
|
3%
|
| Torrace |
90505
|
16
|
$963,000
|
20
|
$900,000
|
25%
|
-6.5%
|