El Segundo Home Sales Show HUGE increases in June of 2016

By Keith Kyle750 30th

The numbers are in and June 2016 was a big month in terms of both the number of homes sold and the prices.  Home prices were up year over year in every South Bay city other than Manhattan Beach and El Segundo was, perhaps, the most impressive.  17 homes sold in June at a stunning $1,121,000 which is way higher than normal.  It’s rare to see median prices in the million dollar price range in this small coastal community.  To see the homes sold in Manhattan Beach for June 2016 view our recent sales information.

City Homes
Sold
June
2016 Median
June
2015 Median
Year
over Year % Change%
Carson 63 $450,000 $425,000 5.8%
El Segundo 17 $1,121,000 $888,000 26.2%
Gardena 47 $430,000 $399,000 7.8%
Harbor City 18 $547,000 $360,000 51.9%
Hawthorne 37 $624,000 $539,000 15.7%
Hermosa Beach 24 $1,248,000 $1,230,000 3.6%
Lawndale 13 $519,000 $450,000 15.2%
Lomita 16 $555,000 $530,000 4.7%
Long Beach 408 $470,000 $450,000 4.4%
Manhattan Beach 40 $1,962,000 $2,400,000 -18.25%
Marina Del Rey 32 $900,000 $810,000 11.1%
Palos Verdes Estates 39 $1,533,000 $1,500,000 2.2%
Playa Del Rey 22 $603,000 $610,000 -1.2%
Rancho Palos Verdes 75 $1,200,000 $1,110,000 8.2%
Redondo Beach 106 $950,000 $870,000 9.2%
San Pedro 79 $500,000 $472,000 6%
Torrance 163 $635,000 $597,000 6.3%
Westchester 44 $1,050,000 $923,000 13.8%

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.

May 2016 Home Sales in El Segundo

El Segundo saw a very slight year over year price decrease in May with 12 homes sold this month at a median price of around $803,000  This was a fairly typical month in El Segundo both in terms of the number of homes sold and the median home prices.  Click here to see the homes sold in El Segundo for May of 2016.

City Homes
Sold
May
2016 Median
May
2015 Median
Year
over Year % Change%
Carson 57 $453,000 $410,000 10.4%
El Segundo 12 $803,000 $804,000 -.1%
Gardena 47 $425,000 $405,000 4.9%
Harbor City 26 $439,000 $415,000 5.8%
Hawthorne 39 $485,000 $525,000 -7.7%
Hermosa Beach 21 $1,285,000 $1,450,000 -11.4%
Lawndale 14 $455,000 $431,000 5.6%
Lomita 15 $488,000 $509,000 -4.1%
Long Beach 349 $485,000 $433,000 11.9%
Manhattan Beach 48 $1,875,000 $2,239,000 -16.2%
Marina Del Rey 31 $925,000 $918,000 .8%
Palos Verdes Estates 55 $1,499,000 $1,515,000 -1.1%
Playa Del Rey 24 $560,000 $615,000 -8.9%
Rancho Palos Verdes 58 $1,060,000 $1,100,000 -3.6%
Redondo Beach 96 $950,000 $845,000 12.5%
San Pedro 66 $489,000 $449,000 8.8%
Torrance 138 $593,000 $579,000 2.4%
Westchester 30 $1,130,000 $900,000 25.6%

April Home Sales in El Segundo and the South Bay

By Keith Kyle340_Via_Colusa_secondbed1 copy

The April home sales numbers and median prices were once again impressive in El Segundo and throughout most South Bay cities. Some cities saw a drop in median prices from the previous year but all are still trending upwards from 2015.  El Segundo saw 13 home sales in April with a median home price of $900,000 compared with just under $790,000 in April of the prior year.

Visit our South Bay real estate site to see the recent home sales in El Segundo and the South Bay.

City Homes Sold April 2016 Median April 2015 Median Year over Year % Change%
Carson 59 $426,000 $414,000 2.9%
El Segundo 13 $900,000 $787,000 14.3%
Gardena 39 $445,000 $395,000 12.7%
Harbor City 14 $517,000 $412,000 25.6%
Hawthorne 43 $552,000 $484,000 14%
Hermosa Beach 22 $1,333,000 $1,450,000 -8%
Lawndale 17 $400,000 $410,000 -2.4%
Lomita 19 $475,000 $485,000 -2.1%
Long Beach 331 $440,000 $425,000 3.5%
Manhattan Beach 35 $2,200,000 $1,880,000 17%
Marina Del Rey 29 $874,000 $940,000 -7%
Palos Verdes Estates 41 $1,365,000 $1,537,000 -11.2%
Playa Del Rey 19 $705,000 $427,500 64.9%
Rancho Palos Verdes 46 $941,000 $1,040,000 -9.5%
Redondo Beach 102 $904,000 $844,000 7.1%
San Pedro 49 $490,000 $448,000 9.4%
Torrance 147 $590,000 $590,000 0%
Westchester 32 $915,000 $873,000 4.8%

Live Median Home Prices in El Segundo

By Keith Kyle

See the median home prices in El Segundo. This chart is updated monthly for the most up to date information.

March 2016 Median Home Prices for El Segundo CA and the South Bay.

By Keith Kyle

The numbers for March are in and it was a big month for the number of homes sold in Torrance.  Torrance has been hovering a bit over 100 for the past few months but March saw 133 homes sell throughout this South Bay city.

City Homes
Sold
March
2016 Median
March
2015 Median
Year
over Year % Change%
Carson 54 $447,500 $426,500 4.9%
El Segundo 10 $1,006,000 $849,000 18.5%
Gardena 58 $475,000 $403,500 17.7%
Harbor City 14 $450,000 $455,000 -1.1%
Hawthorne 36 $513,000 $642,000 -20.2%
Hermosa Beach 16 $1,183,000 $1,310,000 -9.7%
Lawndale 10 $385,000 $447,000 -13.9%
Lomita 11 $530,000 $481,000 10.1%
Long Beach 327 $478,000 $414,000 15.3%
Manhattan Beach 41 $2,275,000 $1,940,000 17.3%
Marina Del Rey 18 $1,025,000 $860,000 19.2%
Palos Verdes Estates 28 $1,355,000 $1,400,000 -3.2%
Playa Del Rey 18 $560,000 $546,000 2.6%
Rancho Palos Verdes 56 $1,156,250 $1,044,500 10.7%
Redondo Beach 89 $893,000 $862,000 3.7%
San Pedro  80 $554,000 $481,000 15.1%
Torrance 133 $615,000 $530,000 16%
Westchester 25 $910,000 $854,000 6.6%

Everything is on the up in the world of El Segundo Real Estate

By Keith Kyle

There’s just not much that’s down in the El Segundo housing market.  The number of homes on the market is up, pending home sales are up, and closed escrows are up.  One other key aspect of the market that’s up is the prices with home prices in El Segundo continuing to rise.  The median home price in El Segundo for March of 2016 was just over a whopping $1,000,000.

Visit our current El Segundo homes for sale page to see the current listings or visit our recent home sales page to see the recent sales in El Segundo and the South Bay

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

February 2016 Median Home Prices in El Segundo and the South Bay

By Keith Kyle116-Pine-El-Segundo

El Segundo, CA and the South Bay saw another strong month for home prices although a few cities saw big percentage drops in average home prices.  Those numbers, especially in smaller cities, or in a month with fewer home sales, don’t really mean much, but taken over times gives a good indication as to what is happening in the local El Segundo real estate market.

El Segundo had a fairly typical month with 11 home sales, but prices topped $1.1M which is pretty rare in this coastal community.

City Homes
Sold
February
2016 Median
February
2015 Median
Year
over Year % Change%
Carson 38 $420,000 $395,000 6.2%
El Segundo 11 $1,109,000 $815,000 36%
Gardena 38 $410,750 $334,000 23%
Harbor City 10 $527,500 $393,000 34.2%
Hawthorne 30 $483,000 $450,000 7.4%
Hermosa Beach 17 $1,225,000 $1,512,500 -19%
Lawndale 8 $431,000 $415,000 3.9%
Lomita 11 %505,000 $326,000 55%
Long Beach 238 $461,000 $409,000 12.7%
Manhattan Beach 22 $1,795,000 $2,361,000 -24%
Marina Del Rey 25 $864,000 $1,335,000 -35%
Palos Verdes Estates 33 $1,403,000 $1,300,000 7.9%
Playa Del Rey 10 $626,000 $710,750 6.9%
Rancho Palos Verdes 26 $1,110,000 $1,039,000 6.9%
Redondo Beach 45 $869,750 $812,000 7.1%
San Pedro 33 $505,000 $416,000 21.4%
Torrance 85 $565,000 $544,000 4%
Westchester 21 $917,000 $820,000 11.8%

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.