Hollyglen and Del Aire Real Estate Recap – 2019 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