Hawthorne, CA Real Estate Market Overview:
Trends in Hawthorne indicate a 9% increase in median home sales price over the previous year. The predictions are further hike by 5.4% within one year. .Median Homes Sales Price is $639,000 in October,2018 with the rate of $ 499 per sq. Ft . The median price of homes is $650,000 for currently listed homes, while that of sold is $661,800. In Hawthorne, almost 2.8 homes are in the foreclosed category for every 10.000. Foreclosures will be affecting home prices in the years to come. On a date, the listing is 97 homes which include three condos $ 0 foreclosures.
Foreclosed Homeowners in Difficulty in Hawthorne, CA:
2008 Bubble’s impact lowered home values nationwide to the range of 20% from their peak in 2007 to bottom in 2011. In Hawthorne, 0.4 percent of homes are delinquent mortgages which are less than the national average of 1.1%. Many homeowners could not pay back their mortgage loans. Many homeowners are in difficulty even now since they owe more than the present value of their home.
Rental Market Trends in Hawthorne, CA
Rental trends in Hawthorne indicate an increase in median rent per month by 3% from last year. The median home rent is $ 3,098.The average rent for an apartment is $1,342, a 3% increase compared to the previous year when the average rent was $1,306..
Studio apartments rent for $1,061, one bedroom at an average $1,345 a month & 2- bedroom at average rent of $1,744 per month. Hawthorne apartment rent -ranges are :
More than $2,000—-2%.
One can take help of a Hawthorne Property Management Company for finding the right rental property for him.