Property value averages in Hawthorne are higher than they’ve ever been. The market grew and grew, eventually landing on a median value of over $550,000 for your everyday Hawthorne property.
The growth has tapered off, and the values aren’t expected to change much in the coming years. The market health is stable, but not necessarily healthy.
This has created a market with a slight preference for sellers, although 13% of homes will ultimately wind up selling at a price cut. Foreclosures are average, and things are pretty quiet.
It’s easy for a homeowner to feel like they’re staggering in this type of environment. When growth has topped out and everyone is looking to haggle, it can be difficult to find the right buyer. You may wind up having to wait a long time, particularly if there are similarly priced houses in your neighborhood that buyers would consider to be in better shape.
Rather than spending your life savings attempting to compete with these properties with no promise of return on investment, it may be best for ignore the typical buyer and opt for something different.