March 2019 South Bay Home Sales Numbers
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%
|
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.