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.

How Do Hollyglen/Del Aire Home Prices Compare East and West of the 405

While there are numerous determining factors when it comes to home values in the Hollyglen/Del Aire, Wiseburn areas of Hawthorne it’s interesting to consider the numbers for homes east and west of the 405 San Diego Freeway.  The freeway cuts down the middle of this area and while some of the homes east of the 405 attend the Wiseburn School District some do not.  As most of the homes (other than 360 and Fusion South Bay) were built in the 40s and 50s it’s a good comparison.  So how much less are the homes east of the freeway?

Since January 1 2018 (based on the date article was written of 9/25) there were 48 single family homes sold west of the 405.  Here are the numbers:

  • Average List Price:  $909,117
  • Average Sales Price:  $927,775
  • Median Sales Price: $887,500
  • Average Price Per Square Foot:  $622.81
  • Highest Price:  $1,300,000
  • Lowest Price:  $710,000
  • Average Day on Market:  22

Compared with the area east of the 405 (West of Inglewood Ave)  Since January 1 2018 (based on the date article was written of 9/25) there were 33 single family homes sold east of the 405.  Here are the numbers:

  • Average List Price:  $693,435
  • Average Sales Price:  $722,633
  • Median Sales Price:  $730,000
  • Average Price Per Square Foot:  $638.24
  • Highest Price:  $870,000
  • Lowest Price:  $550,000
  • Average Day on Market

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Hollyglen and Del Aire are wonderful areas and a great place to call home.  Whether you are a home buyer or seller….we hope to have the opportunity to help.

ADDRESS:

2501 N Sepulveda Blvd, Manhattan Beach, CA 90266

Phone:

310-251-2344

E-mail:

keith@keithkylehomes.com

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Hawthorne real estate specialist Keith Kyle
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