Benefits of Owning a Home in El Segundo

Owning a homel, especiallin in El Segundo, has so many benefits that it’s hard to argue against the merits.  While every owner has different reasons and some are more important to one homeowner than another, there’s no lack of great reasons….

Here are just some of the benefits:

  • Appreciation:  Home values have a welll documented history of going up over time.  While there may be temporary dips in the market, there’s no question that home values go up in the long term.  The increase becomes equity you can benefit from when you refinance or sell.
  • Equity:  Renting has often been compared to paying 100% interest, but when you own a home and a mortgage is in place, a portion of your payment goes towards the principal balance on your loan….meaning each month you own a little bit more outright.  This builds your equity and acts as a savings or retirement account.  When the home value goes up the equity accrues even faster.
  • Happiness.  While some investors might think this is frivolous, you simply can’t understate how important this is.  The feeling of owning your hown home is unlike anything else people own.  It’s yours and it’s simply not the same thing as renting.  You can fix it up, you can spend your time gardening or mowing the lawn, you can fix it up….knowing that….it’s yours.
  • Tax Savings:   Home ownership has long been a goal for buyers and the government alike.  The government rewards homeowners by providing excellent tax benefits.  Interest paid on your mortgage and other home related expenses can often be deducted, there are huge capital gains tax exemptions when you sell (primary residence) and more
  • Education:  Research shos that children of homeowners earn higher test scores and graduate at a higher percentage than those of renters.
  • Community Ties:  People who own rather than rent stay in their homes 4 times longer according to statistics.  This provide and opportuntiy to get to know you neighbors and connect with you neighborhood and local community.

What’s in an El Segundo Homes Value?

While some of the factors that impact home value are fairly obvious, there are other smaller items that also play a role in how much a home in El Segundo might be worth. Find out the value of your home in El Segundo.

2017 Year in Review – El Segundo Home Sales

What a year it was in El Segundo real estate.  There were 134 homes selling on the MLS along with 18 income and multi unit apartment

buildings.  The average list price for the year was $1,086,000 with the average sold price coming in at $1,062,500.  The average price per square foot was $653.  80 of the El Segundo home sales were single family homes, 26 condos and 24 townhomes.   View month by month homes sales here or see the current homes for sale in El Segundo.

Type   Address
List Price / Sales Price
Price per Foot
Bed/Bath
Sq Feet
Year
Date
SFR/D 414 W Walnut AV
$1,350,000 /  $1,499,000
$458.72
4/4,0,0,0
2943/S
1947/APP
1/4/2017
SFR/D 1211 E Acacia AV
$1,415,000 /  $1,525,000
$655.09
3/2,0,1,0
2160/A
1949/ASR
1/5/2017
SFR/D 708 Lomita ST
$1,925,000 /  $1,940,000
$522.53
5/4,0,0,0
3684/A
2003/ASR
1/6/2017
SFR/A 625 CENTER ST
$1,975,000 /  $1,999,000
$487.65
5/4,0,0,0
4050/O
1943
1/10/2017
CONDO 770 W IMPERIAL AV #7
$390,000 /  $380,000
$547.75
1/1,0,0,0
712/
1966
1/13/2017
TWNHS/A 1630 E Palm AV #5
$702,000 /  $719,000
$509.43
3/2,0,1,0
1378/A
1991/APP
1/19/2017
SFR/D 933 Loma Vista ST
$879,000
$796.92
3/1,0,0,0
1103/A
1952/ASR
1/19/2017
CONDO/D 212 E Imperial AV #A
$597,000 /  $599,000
$426.12
3/2,0,0,0
1401/A
1979/PUB
1/20/2017
SFR/D 409 W Acacia AV
$900,000 /  $880,000
$569.26
3/1,0,0,0
1581/A
1955/ASR
1/25/2017
CONDO/A 770 W Imperial AV #29
$430,000 /  $419,000
$484.23
2/1,0,0,0
888/A
1966/ASR
1/31/2017
SFR/D 405 E Oak AV
$1,465,000 /  $1,599,000
$465.37
3/3,0,0,0
3148/A
1981/ASR
2/2/2017
TWNHS/A 1341 E Grand AV #C
$800,000 /  $795,000
$589.97
3/2,0,1,0
1356/A
1989/ASR
2/3/2017
SFR/D 917 Sheldon ST
$940,000 /  $899,000
$792.58
2/1,0,0,0
1186/A
1953/ASR
2/9/2017
CONDO/A 745 Main ST #305
$640,000 /  $639,000
$545.61
2/2,0,0,0
1173/A
1977/ASR
2/10/2017
SFR/D 201 E Acacia AV
$1,400,000 /  $1,495,000
$496.98
4/2,1,0,0
2817/A
1950/ASR
2/15/2017
CONDO/A 900 Cedar ST #210
$555,000 /  $569,000
$471.54
2/1,1,0,0
1177/A
1978/ASR
2/22/2017
TWNHS/A 1630 E Palm AV #3
$680,000 /  $689,000
$493.47
3/2,0,1,0
1378/A
1991/ASR
2/22/2017
SFR/D 1502 E Sycamore AV
$1,382,250 /  $1,499,999
$548.51
4/3,0,0,0
2520/A
1955/ASR
2/23/2017
CONDO/A 738 Main ST #103
$657,000 /  $675,000
$522.26
2/1,1,0,0
1258/P
1979/PUB
2/24/2017
TWNHS/A 887 Washington ST
$660,000 /  $675,000
$521.74
2/1,1,1,0
1265/A
1976/ASR
2/28/2017
CONDO/A 770 W Imperial AV #83
$550,000 /  $549,999
$547.26
2/2,0,1,0
1005/A
1966/ASR
3/1/2017
SFR/D 808 Maryland ST
$1,748,000 /  $1,695,000
$698.08
4/3,0,1,0
2504/A
1943/ASR
3/10/2017
SFR/D 603 W Mariposa AV
$1,275,000 /  $1,299,900
$637.50
3/2,0,0,0
2000/D
1920/ASR
3/14/2017
SFR/D 657 Acacia
$1,100,000
$856.03
3/2,0,0,0
1285/P
1956/ASR
3/17/2017
TWNHS/A 530 Sierra PL #5
$810,000 /  $849,900
$476.75
3/2,0,1,0
1699/A
1992/ASR
3/30/2017
SFR/D 520 E Walnut AV
$1,075,000 /  $998,000
$979.95
3/1,0,0,0
1097/A
1941/ASR
4/3/2017
CONDO/A 738 Main ST #201
$629,000
$500.00
2/2,0,0,0
1258/A
1979/ASR
4/4/2017
SFR/D 526 Whiting ST
$1,448,250 /  $1,499,900
$536.39
5/2,0,2,0
2700/AP
1912/ASR
4/4/2017
SFR/D 900 Lomita ST
$965,000 /  $879,000
$735.52
2/2,0,0,0
1312/A
1952/ASR
4/5/2017
TWNHS/A 1309 E Grand AV #E
$782,000 /  $795,000
$576.70
3/3,0,0,0
1356/A
1989/ASR
4/14/2017
SFR/D 1510 E Maple AV
$1,436,000 /  $1,599,000
$476.29
5/4,0,0,0
3015/A
1962/ASR
4/14/2017
SFR/D 403 Whiting ST
$2,155,000 /  $2,289,000
$718.33
3/2,1,0,0
3000/E
2015/OTH
4/14/2017
SFR/D 429 W Oak AV
$1,395,000
$914.15
3/1,1,0,0
1526/T
1952/ASR
4/19/2017
SFR/D 333 Lomita ST
$1,005,000 /  $1,099,000
$809.18
3/2,0,0,0
1242/A
1948/ASR
4/20/2017
SFR/D 228 W Oak AV
$1,010,000 /  $1,170,000
$705.80
2/1,0,0,0
1431/A
1918/ASR
4/24/2017
COMRES/A 127 Richmond
$1,340,000 /  $1,399,900
$523.44
2/2,0,2,0
2560/A
2004/ASR
4/25/2017
CONDO/A 950 Main ST #103
$595,000 /  $600,000
$506.38
2/1,1,0,0
1175/A
1982/ASR
4/28/2017
CONDO/A 227 E Oak AV #102
$658,000 /  $645,000
$500.38
2/2,0,0,0
1315/A
1979/PUB
5/4/2017
SFR/D 628 W Oak AV
$1,250,000 /  $1,249,000
$571.56
3/2,0,0,0
2187/A
1925/ASR
5/11/2017
CONDO/A 770 W Imperial #60
$470,000 /  $465,000
$483.04
2/2,0,0,0
973/A
1966/ASR
5/12/2017
TWNHS/A 210 Whiting ST #A
$910,000 /  $849,988
$543.61
3/2,0,1,0
1674/A
2003/ASR
5/22/2017
TWNHS/A 1341 E Grand AV #D
$765,000
$564.16
3/2,0,1,0
1356/A
1989/ASR
5/23/2017
SFR/D 1543 E Palm
$1,650,000 /  $1,685,000
$775.74
3/2,0,0,1
2127/S
2016/SLR
5/26/2017
SFR/D 403 Loma Vista ST
$1,175,000 /  $1,225,000
$1,009.45
2/1,0,0,0
1164/A
1926/ASR
5/28/2017
SFR/D 123 Loma Vista ST
$850,000 /  $890,000
$1,057.21
2/1,0,0,0
804/A
1955/ASR
5/30/2017
CONDO/A 123 E Oak AV #303
$620,000 /  $629,900
$493.63
2/2,0,0,0
1256/A
1979/ASR
6/7/2017
SFR/D 815 Penn ST
$850,000 /  $879,000
$758.93
2/2,0,0,0
1120/A
1962/ASR
6/8/2017
CONDO/A 745 Main ST #205
$580,000 /  $585,000
$494.46
2/1,1,0,0
1173/A
1977/APP
6/9/2017
TWNHS/A 770 W Imperial AV #71
$510,000 /  $525,000
$507.46
2/1,0,1,0
1005/A
1966/ASR
6/13/2017
SFR/D 830 Maryland ST
$1,175,000 /  $1,049,000
$908.04
2/1,0,0,0
1294/A
1943/ASR
6/13/2017
TWNHS/A 770 W Imperial AV #68
$499,500
$497.01
2/2,0,0,0
1005/A
1966/ASR
6/15/2017
SFR/A 433 W MAPLE AV
$920,000 /  $1,099,900
$613.74
3/2,0,0,0
1499/
1967
6/19/2017
CONDO/A 935 Main ST #104
$659,000 /  $619,000
$495.86
2/2,0,0,0
1329/A
1981/ASR
6/21/2017
TWNHS/A 216 Loma Vista ST #B
$800,000 /  $819,000
$562.19
3/3,0,0,0
1423/A
1990/ASR
6/23/2017
SFR/D 414 W Oak AV
$1,120,000 /  $995,000
$935.67
4/1,0,0,0
1197/A
1952/ASR
6/27/2017
SFR/D 509 California ST
$1,745,000 /  $1,799,000
$716.04
4/3,0,0,0
2437/A
1954/ASR
6/27/2017
SFR/D 408 Kansas ST
$1,085,000 /  $1,100,000
$1,008.36
3/1,0,0,0
1076/A
1953/ASR
6/28/2017
CONDO/D 212 E Imperial AV #E
$600,000 /  $599,000
$430.73
3/2,0,0,0
1393/A
1979/ASR
6/29/2017
SFR/D 602 Lomita ST
$1,099,000
$676.72
3/2,0,0,0
1624/A
1943/ASR
6/30/2017
TWNHS/A 507 W Grand AV
$1,010,000 /  $999,000
$608.43
3/3,0,0,0
1660/O
2006/ASR
7/6/2017
SFR/D 734 Redwood AV
$1,381,000 /  $1,435,000
$473.11
4/3,0,0,0
2919/A
1979/ASR
7/7/2017
TWNHS/A 1225 E Grand AV #A
$756,500 /  $739,000
$581.92
2/1,0,0,1
1300/A
2006/ASR
7/13/2017
SFR/D 849 Sheldon ST
$825,000 /  $899,000
$553.32
3/2,0,0,0
1491/A
1925/ASR
7/14/2017
SFR/D 423 Loma Vista ST
$1,400,000 /  $1,450,000
$895.14
3/2,0,0,0
1564/A
1928/ASR
7/14/2017
TWNHS/A 1629 E Palm AV #4
$770,000 /  $769,000
$479.75
3/3,0,0,0
1605/A
1991/ASR
7/17/2017
CONDO/A 935 Main ST #206
$655,000 /  $639,000
$502.30
2/2,0,0,0
1304/A
1981/ASR
7/18/2017
TWNHS/A 328 E Imperial AV #2
$805,000 /  $788,000
$454.03
3/2,0,1,0
1773/A
2004/ASR
7/18/2017
CONDO/A 935 Main ST #304
$625,000 /  $639,000
$470.28
2/2,0,0,0
1329/A
1981/ASR
7/19/2017
SFR/D 913 Dune ST
$1,245,000 /  $1,285,000
$535.25
4/3,0,0,0
2326/A
1979/ASR
7/20/2017
SFR/D 404 Oregon ST
$1,390,000 /  $1,350,000
$800.23
3/2,0,1,0
1737/A
1964/ASR
7/20/2017
SFR/D 606 W Mariposa AV
$1,229,000
$804.32
3/1,1,0,0
1528/A
1972/ASR
7/21/2017
CONDO/A 123 E Oak AV #108
$608,000 /  $629,000
$484.08
2/2,0,0,0
1256/A
1979/ASR
7/25/2017
SFR/D 519 Eucalyptus DR
$1,900,000 /  $1,890,000
$667.84
4/3,0,0,0
2845/A
1991/ASR
7/26/2017
SFR/D 400 Bungalow DR
$1,412,500 /  $1,449,500
$479.95
6/4,0,0,0
2943/S
1951/ASR
7/28/2017
SFR/D 432 California ST
$1,375,000 /  $1,399,000
$673.36
3/2,0,0,0
2042/A
1954/ASR
8/1/2017
SFR/D 732 W Acacia AV
$1,449,000
$541.88
4/3,0,0,0
2674/A
1978/ASR
8/1/2017
SFR/D 646 Maryland
$1,235,000 /  $1,075,000
$1,189.79
3/1,0,0,0
1038/A
1942/ASR
8/2/2017
SFR/D 834 California ST
$1,050,000 /  $1,000,000
$777.78
3/2,0,0,0
1350/A
1950/ASR
8/3/2017
TWNHS/A 1225 E Grand AV #C
$907,000 /  $879,000
$486.85
2/2,0,0,1
1863/B
2006/ASR
8/7/2017
SFR/D 521 Concord ST
$1,275,000 /  $1,299,000
$1,067.84
2/1,0,0,0
1194/A
1930/ASR
8/8/2017
SFR/D 716 W Oak AV
$1,268,500 /  $1,299,000
$660.68
4/1,2,0,0
1920/A
1958/ASR
8/11/2017
CONDO/A 123 E Oak AV #307
$627,500 /  $629,500
$499.60
2/1,1,0,0
1256/A
1979/ASR
8/15/2017
SFR/D 811 Concord PL
$1,130,000 /  $1,195,000
$1,101.36
3/2,0,0,0
1026/A
1947/ASR
8/22/2017
SFR/D 511 Oregon ST
$1,375,000 /  $1,399,000
$779.48
4/2,0,1,0
1764/SEE
1953/ASR
8/25/2017
SFR/D 423 Virginia ST
$1,603,000 /  $1,490,000
$450.91
4/2,0,1,0
3555/A
1988/ASR
8/25/2017
SFR/D 424 California ST
$1,200,000 /  $1,249,000
$855.31
3/2,0,0,0
1403/A
1957/ASR
8/29/2017
SFR/D 300 W Sycamore AV
$1,300,000 /  $1,299,000
$855.26
3/3,0,0,0
1520/A
1954/ASR
8/29/2017
SFR/D 728 Loma Vista ST
$1,255,000 /  $1,319,000
$482.88
5/2,0,0,0
2599/S
1956/ASR
9/8/2017
SFR/D 676 W Palm AV
$1,485,000 /  $1,499,000
$726.52
4/3,0,0,0
2044/A
2005/ASR
9/13/2017
TWNHS/A 891 Washington ST
$660,000 /  $649,000
$521.74
2/2,0,0,0
1265/A
1976/APP
9/19/2017
SFR/D 1205 E Pine AV
$1,200,000 /  $1,229,000
$852.27
3/2,0,1,0
1408/A
1956/ASR
9/19/2017
SFR/D 427 Valley ST
$1,267,850 /  $1,075,000
$712.28
3/2,0,0,0
1780/A
1930/ASR
9/19/2017
SFR/D 900 E Mariposa AV
$1,280,000 /  $1,299,000
$700.22
3/1,1,0,0
1828/A
1964/PUB
9/19/2017
SFR/D 840 Loma Vista ST
$907,500 /  $919,900
$950.26
3/2,0,0,0
955/O
1949/ASR
9/27/2017
SFR/D 813 Mccarthy CT
$1,075,000 /  $1,155,000
$855.89
3/1,0,1,0
1256/A
1953/ASR
9/27/2017
TWNHS 620 W IMPERIAL AV #2
$1,015,000 /  $999,000
$613.29
3/2,0,1,0
1655/B
2012
9/28/2017
TWNHS/A 826 Main ST #5
$929,900
$535.35
3/2,0,1,0
1737/A
2004/ASR
10/3/2017
CONDO/A 745 Main ST #302
$552,000 /  $589,500
$470.59
2/2,0,0,0
1173/A
1977/ASR
10/4/2017
CONDO/A 950 Main ST #204
$620,000 /  $625,000
$527.66
2/2,0,0,0
1175/A
1982/ASR
10/10/2017
SFR/D 606 Whiting ST
$1,890,000
$633.17
4/1,2,1,0
2985/D
1953/ASR
10/11/2017
604 E PALM AV
$1,099,000
$1,010.11
2/1,0,0,0
1088/A
1948
10/12/2017
SFR/D 1426 E Oak AV
$1,309,500 /  $1,329,000
$728.31
3/2,0,0,0
1798/A
1955/ASR
10/13/2017
TWNHS/A 1345 E Grand AV #D
$805,000 /  $819,000
$564.52
3/2,0,1,0
1426/S
1989/ASR
10/17/2017
SFR/D 203 W Walnut AV
$1,240,000 /  $1,289,999
$953.85
3/2,0,0,0
1300/S
1950/ASR
10/20/2017
SFR/D 227 W Oak AV
$1,685,000 /  $1,799,000
$912.29
4/1,1,1,0
1847/E
1938/PUB
10/23/2017
TWNHS/A 216 Loma Vista ST #D
$825,000 /  $850,000
$579.76
3/3,0,0,0
1423/A
1990/ASR
10/24/2017
TWNHS/A 303 Kansas ST #B
$1,050,000 /  $1,099,000
$517.24
3/2,0,1,0
2030/A
2006/ASR
10/24/2017
SFR/D 654 W SYCAMORE AV
$1,240,000 /  $1,275,000
$1,058.92
2/1,0,0,0
1171/
1950
10/24/2017
CONDO/A 745 Main ST #203
$610,000 /  $629,000
$520.03
2/2,0,0,0
1173/A
1977/ASR
10/27/2017
CONDO/A 900 Cedar ST #211
$560,000 /  $557,000
$475.79
2/2,0,0,0
1177/A
1978/ASR
10/31/2017
SFR/D 1435 E Maple AV
$1,869,000 /  $1,895,000
$739.32
4/3,1,1,0
2528/A
1953/ASR
10/31/2017
SFR/D 501 Eucalyptus DR
$949,000
$1,013.89
2/1,0,0,0
936/A
1953/ASR
11/2/2017
SFR/D 940 Virginia ST
$875,000 /  $909,000
$985.36
2/1,0,0,0
888/A
1938/ASR
11/3/2017
TWNHS/D 1405 Elin Pointe DR
$1,225,000 /  $1,275,000
$542.04
4/3,0,0,0
2260/A
2004/ASR
11/7/2017
SFR/D 206 W Oak AV
$1,250,000 /  $1,175,000
$885.27
3/1,0,0,0
1412/A
1947/ASR
11/14/2017
SFR/D 649 W Oak AV
$1,750,000 /  $1,649,000
$607.22
4/3,0,1,0
2882/A
1952/ASR
11/14/2017
SFR/D 835 California ST
$1,775,000 /  $1,799,000
$694.44
3/3,0,0,0
2556/A
1952/APP
11/16/2017
SFR/D 438 Virginia ST
$1,310,000 /  $1,349,000
$685.50
4/3,0,0,0
1911/AP
1938/ASR
11/17/2017
SFR/D 1419 E Mariposa AV
$1,442,800 /  $1,599,000
$484.81
4/3,0,1,0
2976/A
1989/ASR
11/17/2017
SFR/D 627 W ACACIA AV
$1,150,000
$1,075.77
3/1,0,0,0
1069/
1953/ASR
11/20/2017
SFR/D 810 Virginia ST
$1,549,000
$737.62
4/2,0,0,0
2100/E
1927/ASR
11/22/2017
TWNHS/A 1629 E Palm AV #8
$814,000 /  $819,000
$507.17
3/2,0,1,0
1605/A
1991/ASR
11/28/2017
CONDO/A 215 W Palm AV #208
$650,000 /  $659,000
$572.18
2/2,0,0,0
1136/A
1981/ASR
11/30/2017
CONDO/D 950 Virginia ST #103
$540,000 /  $574,000
$453.40
2/1,1,0,0
1191/A
1981/ASR
12/1/2017
CONDO/A 770 W Imperial AV #77
$536,000 /  $510,000
$533.33
2/1,0,1,0
1005/A
1966/ASR
12/4/2017
SFR/D 1448 Elin Pointe DR
$1,089,000 /  $1,099,000
$551.95
3/3,0,0,0
1973/A
2004/ASR
12/7/2017
SFR/D 945 Sheldon ST
$965,500 /  $1,199,000
$670.49
3/1,1,0,0
1440/A
1952/ASR
12/8/2017
SFR/D 1506 E Maple AV
$1,363,000 /  $1,350,000
$880.49
3/3,0,0,0
1548/D
1953/ASR
12/12/2017
SFR/D 627 Loma Vista ST
$1,750,000 /  $1,790,000
$714.29
4/3,0,1,0
2450/A
2005/ASR
12/13/2017
SFR/D 708 W Palm AV
$999,999 /  $999,000
$921.66
3/1,0,0,0
1085/A
1952/ASR
12/21/2017
CONDO/A 356 Virginia ST #102
$650,000 /  $659,000
$536.75
2/2,0,0,0
1211/A
1981/ASR
12/27/2017
CONDO/A 950 Main ST #307
$585,000 /  $599,000
$497.87
2/2,0,0,0
1175/A
1982/ASR
12/29/2017
SFR/D 710 Redwood AV
$1,395,000
$539.23
4/2,0,1,0
2587/A
1979/ASR
12/29/2017
DPLX/D 837 Penn ST
$1,455,000 /  $1,500,000
$385.43
6/4,0,1,0
3775/A
1920/ASR
12/30/2017

The Biggest El Segundo Home Sale of 2017 – 403 Whiting Street

El Segundo real estate saw home values rise dramatically in 2017. Home values went up over 6% and values should continue to rise in 2018 although likely at a slower pace.

The biggest MLS residential sale of 2017 was a duplex at 403 Whiting Street which was listed at $2,289,000 and sold at $2,155,000. The home sold in February after just 12 days on the market. It was located in the center of El Segundo on a very large 7,000+ foot lot and was built within the last few years.  The property also included a  2 bdr./1 bath cottage built around 1919 with a separate address and its distinct separation from the property.

BED / BATH:  3/3
SQFT:  3,000 (estimated)
PRICE PER SQFT:  $718.33
LOT SIZE: 7,470 sq ft
YEAR BUILT(src):  2015(OTH)
Days on Mrkt: 12

 

 

What are El Segundo Pocket Listings and How Do You Find Them?

In this incredibly competitive market many homes are not even making it to the market.   So how do you find out about these homes in El Segundo and the South Bay?  First it’s important to understand just what we’re talking about.

What does off market or a pocket listing mean?

It can actually mean a few different things but in general, when we refer to homes sold off market or pocket listings these are homes that are never put on the MLS and therefore unknown to most buyers and many realtors.  That means that searching the Redfins and Zillows of the world may mean that you’re not aware of these types of opportunities.

Why would an El Segundo homeseller want to sell the home off market?

In general it’s not a great idea.  Fewer buyers that know about the home usually means less competition and ultimately a lower sales price.  That’s certainly not always the case but usually accurate to some extent.  Sellers have many reasons for not wanting to put their home on the market.  It may be due to privacy reasons such as not wanting the neighbor or even the tenant know that the home is for sale.  It may be that they don’t want to deal with some of the hassles that come along with listing a home…..buyer’s and agents that want to show the home at all hours, open houses on the weekends and more people simply curious with few legitimate buyers.  Whatever the reason it does limit the exposure and again usually limits the price.

That’s why it can be a good opportunity for buyers….less competition, fewer bidding wars which generally leads to a lower sales price.

How do I find out about these homes?

Unlike the MLS listings, off market, upcoming and pocket listings are much more elusive.  The key is to work with an agent that has deep connections in the El Segundo community and market.  Some of the top realtors in certain areas may share information on these hard to find opportunities and the larger or more numerous the seller and agent networks, the more information the agent can obtain.

We are happy to help you find off market homes but this requires a good deal of work, considerable communication with sellers and agents and a readiness to act should the right home come available.  If you would like us to help find off market opportunities please feel free to text us at 310-251-2344 or email us with the details of your home search.

8 of 11 Homes in El Segundo Ever Sold Over $2.0M Have Been in 2016*

By Keith Kyle340_Via_Colusa_front6 copy

If you need any evidence that prices are sky high in El Segundo just look towards the luxury market.  It wasn’t long ago that we wrote a post on whether El Segundo was ready for $2,000,000 homes and it seems that it’s relatively commonplace just 12 months later.  As of July 17th there are 3 single family homes in El Segundo priced over $2,000,000.  In the nearby luxury real estate markets of Manhattan Beach and Hermosa Beach this wouldn’t be unusual but in El Segundo it’s fairly unbelievabe. It’s certainly due, in part, to many buyers being priced out of the South Bay and their money goes much further in El Segundo.  In addition there is a pending sale and 4 closed sales in 2016 priced over the formerly unheard of $2.0M mark.
El_Segundo_2_Million_Dollar_Homes_1

In 2016 we’ve seen 4 $2.0M+ homes plus the one home in currently in escrow (as of 7/16/16)

El_Segundo_2_Million_Dollar_Homes_2

*Statistics based on MLS sales of single family homes.

Big Day for Single Family Home Listings in El Segundo

By Keith Kyle

While usually the single family homes for sale in El Segundo are limited at best, today was a big day by El Segundo standards.  Four new home listings hit the market today and the other big news is that all four were listed over $1,000,000.  Most months the median home prices in El Segundo are below $1,000,000 so it’s impressive to see everything hit the market at this price point.

Click to see the full list of homes for sale in El Segundo.

El_Segundo_Homes_for_Sale_May_2016

Find out the Value of Your El Segundo Home

While it’s always best to speak with a local realtor or appraiser to get the most accurate idea of the value of your home, many of our clients simply want a rough idea of the current value.  Our quick home valuator will consider thousands of homes and the most recent sales in El Segundo to offer you an almost immediate estimate of price in today’s market.  We hope this is helpful and when it’s time to find out a more accurate price based on details such as specific location, views, and condition, please contact us for a FREE home valuation report.

Simply type in your address to get an estimate of your homes current value.

March Home Sales and Home Prices in El Segundo and the South Bay

By Keith KyleSouth Bay homes

March once again saw some impressive median home prices while housing inventory remained low.  The median home price in El Segundo for March of 2015 was $849,000 with 17 home sales.  The real estate market trends in El Segundo are definitely indicating a very active summer market.  With some top schools and a location along the coast, the summer months are always the highest demand for this coastal community.  See the current homes for sale in El Segundo.

City Homes Sold March 2015 Median March 2014 Median Year over Year % Change
Carson 55 $425,000 $395,000 7.6%
El Segundo 17 $849,000 $727,500 16.7%
Gardena 38 $403,000 $390,000 3.3%
Harbor City 15 $455,000 $328,500 38.5%
Hawthorne 62 $642,500 $444,000 44.7%
Hermosa Beach 22 $1,310,000 $1,260,000 4%
Lawndale 7 $447,000 $335,500 33.4%
Lomita 13 $481,000 $428,000 12.3%
Long Beach 310 $414,000 $389,000 6.4%
Manhattan Beach 44 $1,940,000 $1,696,000 14.4%
Marina Del Rey 39 $860,000 $760,000 13.2%
Palos Verdes Estates 24 $1,400,000 $1,445,000 -3.1%
Playa Del Rey 24 $546,000 $840,000 -35%
Rancho Palos Verdes 43 $1,044,000 $1,005,000 3.9%
Redondo Beach 87 $840,000 $750,000 12%
San Pedro 63 $475,000 $435,000 9.2%
Torrance 115 $529,000 $530,000 -.4%
Westchester 34 $822,000 $764,000 7.7%

Is El Segundo Ready for $2.0M+ homes?

By Keith Kyle840_Center_Street

El Segundo is a fantastic little town that has a small town feel that most areas can’t duplicate.  While there are an abundance of townhomes and condos, the bulk of the homes are some version of the original beach bungalow.  Many have been nicely updated and expanded while some are in fairly original condition.

Unlike neighboring Manhattan Beach, El Segundo hasn’t seen quite the same building boom creating oversized luxury homes and there are several reasons.  The primary reason is that values, while having gone up considerably in the past 2 years, haven’t rocketed upwards to the same extent and builders eager to build high end luxury properties may not see the margins and are searching elsewhere.

View the current homes for sale in El Segundo priced over $2,000,000

So will El Segundo see an increase in luxury $2,000,000 homes?  It still appears unlikely other than the rare case of a truly special home on an oversized lot in an A+ location.  There will be a limited amount of homeowners that simply love El Segundo that build their dream house and at some point those homes will be sold, but it’s very unlikely we’ll see too many luxury spec homes built as the cost of lots/tear down homes, plus the cost of building makes for a challenging investment.