From our family at Keith Kyle Homes, Hawthorne Home Search and Vista Sotheby’s International Realty, we wish you a very happy and healthy Easter!
Keep Up With the Real Estate Market – Hawthorne CA Home Sales in March
March was an active month for closed home sales in Hawthorne Ca with 25 on market home sales which is a very healthy number for Hawthorne. The impact of the Corona virus was not yet a factor which we anticipate slowing the market considerably. The median list price for the month was $680,000 with the median sale price being $640,000 which is a bit of a change from the past 18 months. While still a “sellers” market in March, that appears to be changing a bit depending on the neighborhood. The average price per foot was $486.19
for the homes that sold and closed.
View the current homes for sale in Hawthorne CA
March Home Sales and Prices in Hawthorne CA
Type | Address | Price | $ Per Foot | Bed/Bath | Sq Feet | Year Built | Sold Date | |
SFR/D | 5035 W | 129th ST | $735,000 | $704.70 | 3/2,0,0,0 | 1043/A | 1952/ASR | 3/13/2020 |
CONDO/A | 12921 | Mission AVE #107 | $940,000 | $577.04 | 3/1,1,1,0 | 1629/B | 2014/PUB | 3/3/2020 |
TWNHS/A | 5550 | Strand #106 | $960,000 | $589.32 | 3/2,0,1,0 | 1629/B | 2014/PUB | 3/20/2020 |
SFR/D | 5534 | Palm DR | $1,122,500 | $603.17 | 3/2,0,1,0 | 1861/A | 2014/ASR | 3/10/2020 |
SFR/D | 5246 W | 137th ST | $1,149,000 | $754.43 | 3/2,0,0,0 | 1523/A | 1955/ASR | 3/19/2020 |
SFR/D | 13707 | Rossburn AVE | $1,500,000 | $609.26 | 4/3,0,0,0 | 2462/A | 1954/ASR | 3/27/2020 |
DPLX/D | 11949 | Truro AVE | $445,000 | $392.07 | 3/2,0,0,0 | 1135/A | 1942/PUB | 3/19/2020 |
SFR/D | 4954 W | 118th ST | $575,000 | $433.63 | 3/2,0,0,0 | 1326/A | 1947/ASR | 3/11/2020 |
SFR/D | 11894 | Truro AVE | $630,000 | $374.11 | 3/2,0,0,0 | 1684/O | 1926/ASR | 3/20/2020 |
SFR/D | 4903 W | 118th PL | $710,500 | $343.40 | 3/3,0,0,0 | 2069/A | 1990/PUB | 3/23/2020 |
DPLX/D | 4088 W | 137th ST | $640,000 | $333.33 | 5/2,0,0,0 | 1920/A | 1928/ASR | 3/18/2020 |
SFR/D | 4558 W | 141st ST | $700,000 | $550.31 | 3/2,0,0,0 | 1272/A | 1927/ASR | 3/3/2020 |
SFR/D | 4525 W | 137th ST | $715,000 | $480.83 | 4/2,0,0,0 | 1487/A | 1944/ASR | 3/31/2020 |
SFR/D | 13231 | Jefferson AVE | $774,000 | $308.98 | 4/3,0,0,0 | 2505/A | 1966/PUB | 3/10/2020 |
SFR | 5144 W | 141ST ST | $850,000 | $376.11 | 3/2,0,0,0 | 2260/A | 1940 | 3/3/2020 |
SFR/A | 13913 | Doty AVE | $465,000 | $688.89 | 2/1,0,0,0 | 675/A | 1951/ASR | 3/26/2020 |
SFR/D | 12530 | Birch AVE | $470,000 | $477.64 | 3/2,0,0,0 | 984/A | 1935/ASR | 3/20/2020 |
SFR/D | 3817 W | 135th ST | $489,000 | $587.74 | 2/1,1,0,0 | 832/A | 1947/ASR | 3/4/2020 |
CONDO | 13400 | DOTY AVE #6 | $510,000 | $324.22 | 3/2,0,1,0 | 1573/ | 1979/ASR | 3/16/2020 |
TWNHS | 13501 | LEMOLI AVE | $510,000 | $286.36 | 4/2,0,1,0 | 1781/ | 1981 | 3/6/2020 |
SFR/D | 13444 | Roselle AVE | $610,000 | $326.38 | 3/3,0,0,0 | 1869/A | 2006/OTH | 3/10/2020 |
SFR/D | 3602 W | 146th ST | $595,000 | $587.94 | 3/1,0,0,0 | 1012/A | 1951/ASR | 3/26/2020 |
SFR | 14448 | COTTAGE LN | $603,000 | $382.13 | 3/3,0,0,0 | 1578/ | 2001 | 3/26/2020 |
SFR/D | 14621 | Fonthill AVE | $607,000 | $358.75 | 3/2,0,0,0 | 1692/A | 1952/ASR | 3/13/2020 |
SFR/D | 4741 W | 141st ST | $785,000 | $704.04 | 3/2,0,0,0 | 1115/A | 1949/ASR | 3/17/2020 |
The Number of Hawthorne Homes For Sales Continues to Decline
While we’re optimistic that we’ll start seeing the number of homes for sale in Hawthorne CA start to rise, the recent developements with Covid 19 and Corona virus will probably keep that from happening anytime soon. Here’s a chart showing the number of active homes for sale in Hawthorne each month, the number of homes that went into escrow and the the number of closed home sales that month. It’s pretty challenging not to see the trend with the number of active listings going down every month. March was showing a turn around prior to the newest challenges. See all of our Hawthorne CA real estate trends and statistics.
Active Homes for Sale, Pending Sales and Sold Homes
What’s Happening in Hawthorne CA Real Estate?
Given the craziness of the world at the moment it’s certainly no surprise that real estate and home sales in Hawthorne have definitely slowed down. As of 3/26 there are 26 active listings in Hawthorne with 2 being in Fusion South Bay, none in the gated community of 360 South Bay and 6 total in the Hollyglen/Del Aire neighborhoods. The average list price is $710,651 and the average price per foot (which isn’t overly relevant given the differences in locations) is $533 per foot. Median days on market is 38.
View the current homes for sale in Hawthorne CA
Currently there are 28 pending home sales. Since March 1 there have been 20 closed home sales at an average sales prices of $710,600.
Interestingly enough sales in Three Sixty South Bay, one of the most popular communities in Hawthorne, have definitely not followed that trend. Of the last two listings to hit the market….one lasted 2 days and the other 4 days before entering escrow.
Real Estate Recap – Hawthorne CA Home Sales & Home Prices for February 2020
February was a very slow month for closed home sales in Hawthorne CA with only 17 homes sold during the month. That’s the fewest home sales in a month over the past 18 months other than December which is almost always the slowest month of the year.
Prices were very impressive as they’ve been over the past 18 months with the median list prices of $729,000 and a median sales price of $749,000. When the sales price is higher than the list price you know it is a challenging market for home buyers.
View the current homes for sale in Hawthorne
Average price per foot for sold homes in Hawthorne was $525. Median days on market was only 10 which is pretty incredible and another indication of a strong sellers market. 3 of the home sales were in Three Sixty South Bay
See the Hawthorne real estate stats for the past 15 months below.
February 2020 Home Sales and Prices in Hawthorne CA
MLS # | Type | Address | Price | $ Per Foot | Bed/Bath | Sq Feet | Year | Sold Date | |
SB20040689 | SFR/D | 5015 W | 131st ST | $560,000 | $673.08 | 2/1,0,0,0 | 832/A | 1947/ASR | 2/25/2020 |
SB19280826 | TWNHS/A | 5555 | Ocean #104 | $827,000 | $626.52 | 2/2,0,1,0 | 1320/A | 2010/ASR | 2/14/2020 |
SR19260173 | SFR/D | 4922 W | 137th ST | $828,000 | $621.62 | 3/2,0,0,0 | 1332/A | 1951/ASR | 2/4/2020 |
OC19284490 | TWNHS/A | 12824 | City DR #102 | $832,000 | $569.86 | 2/3,0,0,0 | 1460/A | 2013/BLD | 2/4/2020 |
SB20009230 | SFR/D | 5034 W | 125th ST | $850,000 | $607.14 | 3/2,0,0,0 | 1400/S | 1944/PUB | 2/18/2020 |
SB19284705 | CONDO/A | 12917 | Central AVE #402 | $860,000 | $589.04 | 2/2,0,0,0 | 1460/A | 2011/ASR | 2/14/2020 |
20543976 | SFR | 5257 W | 123RD PL | $1,305,000 | $572.87 | 4/3,0,0,0 | 2278/ | 2009 | 2/24/2020 |
MB19218876 | SFR/D | 11939 | Menlo AVE | $530,000 | $593.51 | 2/1,0,0,0 | 893/A | 1959/ASR | 2/11/2020 |
IN19271172 | SFR/D | 3900 W | 119th ST | $599,995 | $490.99 | 3/3,0,0,0 | 1222/A | 1952/ASR | 2/20/2020 |
SB20007625 | SFR/D | 4760 W | 123rd ST | $850,000 | $317.88 | 8/4,0,0,0 | 2674/A | 1957/PUB | 2/19/2020 |
SB20005578 | SFR/D | 4750 W | 142nd ST | $685,000 | $507.03 | 3/2,0,0,0 | 1351/A | 1951/ASR | 2/26/2020 |
OC20021135 | SFR/D | 13108 | Washington AVE | $749,000 | $473.75 | 3/2,0,0,0 | 1581/A | 1967/PUB | 2/28/2020 |
SB19279601 | SFR/D | 4530 W | 134th ST | $790,000 | $584.32 | 3/2,0,0,0 | 1352/A | 1954/ASR | 2/4/2020 |
19460862 | SFR | 2508 W | 115TH PL | $480,000 | $369.80 | 3/2,0,0,0 | 1298/ | 1954 | 2/21/2020 |
SR19174093 | SFR/D | 2156 W | Imperial | $534,000 | $452.54 | 3/2,0,0,0 | 1180/A | 1954/ASR | 2/28/2020 |
RS18150895 | SFR/D | 4457 W | 120th ST | $635,000 | $428.19 | 3/1,0,0,0 | 1483/A | 1923/ASR | 2/28/2020 |
SW20027123 | SFR/D | 3925 W | 149th ST | $633,000 | $452.14 | 3/1,0,0,0 | 1400/A | 1952/ASR | 2/27/2020 |
By the Number – Real Estate Stats for Hawthorne CA
Understanding 1031 Exchanges in Hawthorne CA
1031 Tax Deferred Exchanges
The 1031 Tax Deferred Exchange is one of the last tax shelters allowed by the Internal Revenue Service. It is a transaction in which a taxpayer exchanges investment property for like- kind investment property, and defers the payment of capital gain taxes. The IRS defines like-kind property as all real property held for investment purposes, or the productive use in a trade or business. This basically includes any real estate held for investment except your primary residence and second family home.
There are some important rules which must be followed to effectuate a valid exchange:
- The exchange must be opened before the close of Escrow on the relinquished (sale) property.
- The taxpayer must identify the replacement (acquired) property within 45 days after the close of the relinquished(sale)property.
- The taxpayer must close Escrow on the replacement property within 180 days from the close of the relinquished property, or, before the date the tax return filing is due for the tax year in which the relinquished property was transferred – whichever comes first.
- The taxpayer must reinvest all net proceeds into the replacement property.
- The taxpayer must obtain a debt of equal or greater amounton the replacement property.
By following these rules, the taxpayer shelters capital gains tax into the replacement property,and defers the recapture of depreciation tax. This creates more buying power for the taxpayer than if the capital gains tax was paid. Also, by deferring the payment of capital gains tax, the taxpayer gets to invest the taxes into the replacement property interest free from the IRS. The 1031 Tax Deferred Exchange also avoids the California Withholding Tax.
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