April Market Update

When the news talks about the real estate market, they usually don’t feature our community. We did the work for you.

In March, we predicted that home prices would rise in April for here in West Hawthorne (Wiseburn, Del Aire and HollyGlen). West Hawthorne is up 17% from last month, and a whopping 31.1% from last year. I’m sure you can imagine that , as one of your neighbors, I share in this excitement with you. With some of the step-up areas also driving higher in value (Redondo Beach, West Torrance, Westchester), my prediction is that this will continue. 

Prices in West LA are flat  month over month. They are up 51% from last year. There has been a 37% in new listings hitting the market. With 90% of listings selling, I expect to see prices jump next month. Stay tuned.

Torrance has become the “it-factor” that is quickly pricing people out. Even Old Torrance, which is trailing behind, is filling in faster than we can write offers. March has seen a huge boom over February. With 50% more new listings coming to market, prices still jumped 16% from last month.

If you were waiting for the market to drop in Culver City… I don’t think the flat prices are going to turn into a downward price trend! Culver City’s average sales price jumped 31% since this time last year, but is running flat so far this year. The amount of homes coming to market has more than doubled. If you didn’t see anything that you liked last month, you might be in luck. Especially with us by your side.

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