Lawndale Duplex the Top Sale of September At a Cool $1,000,000
Surprisingly the top home sale of the month for September 2022 was not in the El Camino neighborhood. The top sale was actually a very nice duplex with two 2 bedroom individual units.
The property sold over $100K more than the original list price of $899,000.
The total square footage was 1,458 on a nice sized 5,800 foot lot located just a block from Redondo Beach. This was a corner lot just across the street from William Green Park.
Take a look at the homes that closed escrow in the South Bay city of Lawndale CA during the month of August 2022.
It was a solid month in terms of both the number of homes that sold as well as sold home prices.
There were 11 on MLS home sales during the month.
The average “list” price was $843,627 with the average sold price of $864,682 meaning that homes generally slightly above the “asking” price.
The average price per foot was $620.
See how the August real estate market in Lawndale compared with other months on our real estate trends page.
California and Lawndale Real Estate Tax Information and Helpful Links
Whether you plan on living in your home forever, or you are interested in real estate simply as an investment, knowledge about the tax implications and benefits is critical. Know how real estate tax laws impact you can save you thousands of dollars. Some of the more common tax situations are included below. These are just references and a qualified CPA should always be consulted.
Property value reduced by $7000 a year. Find out how you can file for this exemption and lower your property tax base just a little….every little bit helps.
How You Take Ownership is a very important decision…see our chart for the various ways you can take and hold title on real estate and what it means in terms of tax and ownership consequences.
This proposition eliminated and expanded some of the prior propositions noted below. Proposition 19 is a California amendment that imposes new limits on property tax benefits for inherited family property. Under Proposition 19, a child or children may keep the lower property tax base of the parent(s) ONLY if the property is the principal residence of the parent(s) and the child or children make it their principal residence within one year.
Reassessment Exclusion for Real Property Transfers: Between Parent and Child or Grandparent to Grandchild. This is the older law and replaced by proposition 19.
July 2022 home sales and prices for El Camino Village and Bodger Park
it was a solid month for home sales and home prices in the neighborhoods of El Camino Village and Bodger Park during July. These neighborhoods are located in Lawndale, Gardena and Hawthorne. There were 5 properties that closed escrow during the month.
The average “list” price for the month was $919,580 with the aveerage sales price being $943,000 meaning that homes generally sold higher than the list price. The average price per foot was a very impressive $783 and homes averaged a very short 11 days on the market before going into escrow
Take a look at the homes that closed escrow in the South Bay city of Lawndale CA during the month of July 2022.
It was a solid month in terms of both the number of homes that sold as well as sold home prices.
There were 10 on MLS home sales during the month.
The average “list” price was $831,280 with the average sold price of $833,010 meaning that homes generally slightly above the “asking” price. The average price per foot was $582.
Take a look at the homes that closed escrow in the South Bay city of Lawndale CA during the month of June 2022. It was a slower month in terms of both the number of homes that sold as well as sold home prices.
There were only 9 on MLS home sales during the month.
The average “list” price was $717,543 with the average sold price of $742,111 meaning that homes generally WELL above the “asking” price. Average prices were actually down a bit from May numbers.
The average price per foot was $583. See how the May real estate market in Lawndale compared with other months on our real estate trends page.