Welcome to the year end recap for the real estate market in the gated community of Three Sixty at South Bay in the Hollyglen neighborhood of Hawthorne CA. The chart below shows how 2023 compared with previous years in terms of the number of homes that sold and the prices that they sold for.
It ended up being a VERY slow year for the number of closed home saleswith only 13 on market home sales during all of 2023. Compare that to 29 sold homes the prior year, or 65 sold homes during the peak year of 2017 and you can see just how slow it was.
2023 was still a great year for sellers with home prices near peak 2022 levels. The average home price in Three Sixty in 2023 was an impressive $1,094,846. Homes stayed on the market a bit longer as well with a few of the homes that sold at the end of the year sitting on the market for a while skewing the overall numbers.