After A Big Jump In Pending Home Sales – Real Estate Slowed by Corona Virus Impacts

We saw a very impressive jump in the number of home going into escrow with both month over month numbers increasing dramatically in 2020.  That seems to have changed quickly with the impacts of the Corona virus on the Lawndale housing market.  While that’s not great news for home sellers, it certainly will present opportunties for home buyers in the area.  Acoording to South Bay realtor and Lawndale specialist Keith Kyle, “it’s inevitable that the very hot market doesn’t slow down a bit as it becomes harder to get financing and buyers income situation’s become less clear”.

Take a look at the chart below to see the “active” listings each month along with pending sales (red line) and closed sales.  The pending sales went up both January and February by quite a bit, but March saw the beginnings of the impact.

Neighborhood Spotlight – El Camino Village

El Camino Village is a small, unincorporated section of both Lawndale and Gardena and it happens to be one of the best values in the South Bay.  The neighborhood has a much more residential feel than the surrounding areas…..tree lined streets, original 1940s and 1950s beach style bungalows, and an elementary school in the heart of the neighborhood.

Real estate in El Camino Village offers some of the best values in the area as the homes are still reasonably priced compared with nearby Torrance but offers the same safe and pleasant feeling.  Bordered by Marine to the north, Manhattan Beach Blvd to the South and Prairie to the west, this relatively secret neighborhood consist of homes primarily built in the 40’s and 50’s. Some are still the original “beach” bungalows while many have been expanded and updated.

Current Homes for Sale in El Camino Village and Bodger Park

**We are not the listing agents for the above properties and are providing information as a service to our visitors.

By The Numbers – Lawndale Home Sales and Home Prices for February 2019

February Home Sales in Lawndale CA

Lawndale saw a pretty slow month in terms of home sales during February with only 6 home sales. Prices were very solid with a median list price of $447,000 and a median sales price of $447,500 indicating the continuation of a strong “sellers” market.

The median price per foot for sold homes was $385.31 and the median days on market was only 21 before selling.

February Home Sales for Lawndale

 

MLS #Type AddressPrice$ Per FootBed/BathSq FeetYearSold Date
PV20006712CONDO/A4633Marine AVE   #247$295,000$465.301/1,0,0,0634/A1973/ASR2/26/2020
SB19229170CONDO/A14927Condon AVE   #11$544,000$355.323/2,0,1,01531/A1985/ASR2/13/2020
SB20002481CONDO/A4727 W147th ST   #116$365,000$420.992/2,0,0,0867/A1974/APP2/25/2020
19538648CONDO16313PRAIRIE AVE   #2$410,000$405.142/3,0,0,01012/19872/10/2020
RS20001892TWNHS/A4003 W165th ST   #A$485,000$365.492/2,0,1,01327/A1994/ASR2/26/2020
SB19198408CONDO/D4562 W156th ST  $575,000$351.043/2,0,0,11638/A2006/ASR2/15/2020

Our Latest Home Sale in the Neighborhood

We are proud to announce the recent sale of 3902 W 148th Street, Hawthorne, CA 90250 in Bodger Park. We’re so happy for our clients Kevin and Stephanie on the purchase of their first home.  This was a beautiful 3 bedroom 2 bath single family home with 1581 sq feet, great curb appeal and a nice tree lined mid block location.  Congratulations!!!!

Contact us to see how we can help you find your dream home in Bodger Park, El Camino Village and beyond!