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%

Median Home Price in El Segundo Tops $1,000,000

By Keith Kyle840_Center_Street

The January home sales numbers are in and the median home prices for El Segundo in January was a whopping $1,074,000.  Although the market is certainly continuing to rise the jump of almost 35% was due mainly to the types of homes that closed in January.  Unlike previous months the bulk of the homes that sold were larger single family homes on large lots, and multi unit properties. The highest sales price was for 802 Center Street which closed at $2,150, 000 which is a very large number for this coastal community.  It wasn’t long ago that home sales in El Segundo approaching $2.0M was fairly unheard of.  Click here to view the home sales in El Segundo and South Bay for January 2016.

City Homes
Sold
January
2016 Median
January
2015 Median
Year
over Year % Change%
Carson 27 $415,000 $385,000 7.8%
El Segundo 8 $1,074,500 $799,000 34.5%
Gardena 28 $471,000 $399,000 18%
Harbor City 13 $500,000 $454,000 10.1%
Hawthorne 33 $457,000 $500,000 -8.5%
Hermosa Beach 10 $1,783,500 $1,680,000 6.2%
Lawndale 9 $450,000 $430,000 4.7%
Lomita 12 $420,000 $365,000 15.1%
Long Beach 241 $425,000 $406,000 4.7%
Manhattan Beach 22 $1,760,000 $1,675,000 5.1%
Marina Del Rey 16 $1497,000 $855,000 75.1%
Palos Verdes Estates 19 $1,272,000 $1,251,000 1.7%
Playa Del Rey 10 $574,000 $527,000 9.0%
Rancho Palos Verdes 38 $900,000 $1,015,000 -11.3%
Redondo Beach 66 $885,000 $802,000 10.3%
San Pedro 47 $465,000 $450,000 3.4%
Torrance 83 $632,000 $617,000 2.3%
Westchester 22 $880,000 $900,000 -2.2%

Our Latest Fusion Sale – New Price Record for an “A” Floorplan

By Keith Kyle7 main room

We’re happy to announce our latest sale at 5404 W 149th Place in Fusion South Bay.  We represented the sellers of this beautiful “A” floorplan condo in one of the South Bay’s only newer construction gated communities.  The combination of a very nice condo with a number of upgrades and our staging made the home shine.  With 7 offers, almost all over asking price, this was definitely a winner.  The real estate market in Fusion South Bay couldn’t be hotter with any and all new listing selling immediately and some even selling before it hit the market.

Congratulations to our client Peter for the quick sale of his beautiful home at the impressive price of $547,000.

Prices and Values Continue to Rise in El Segundo

By Keith Kyle

To anyone keeping up with the El Segundo real estate market, it should come as no surprise that home values just keep going up.  The median home prices and list prices have continued to rise although the average home sales prices has been somewhat stagnant.  Click to view all of the latest market trends in El Segundo.  To see the recent home sales in El Segundo click here.

In Escrow – New “A” Floorplan in Fusion

Coming to the market in early November, this beautifully updated condo offers the perfect combination of newer construction, active lifestyle, ideal location and affordable price. Located at 5404 149th Place #11 in the Hollyglen area of Hawthorne, this upgraded condo offers gleaming hardwood floors, granite countertops, in unit laundry, stainless appliances and an oversized patio. With 2 bedrooms and 2 bathrooms, each on a different level, this is ideal for a multitude of lifestyles.  See information and floorplan of Fusion South Bay “A” unit.

Fusion at South Bay is one of the few newer construction gated communities in the South Bay and is ideally located just across the street from Manhattan Beach. Enjoy the community pool and spa, the basketball court, small park or take a short 5 minute drive to the beach.  Fusion is also located in the Hollyglen neighborhood with students attending the award winning Wiseburn School District

Contact listing agent Keith Kyle for more information or a sneak preview.

Keith-Kyle-Realtor-smallKeith Kyle – Top Producer, RealtorVista_Google

Vista Sotheby’s International Realty

www.KeithKyleHomes.com

2501 N Sepulveda, Manhattan Beach CA 90266

 

March 2015 Home Sales in El Segundo

El Segundo saw another strong month of home sales in March as the demand for homes in this coastal community continues to increase.  11 homes successfully closed escrow in El Segundo with the lowest price home being a 2 bedroom condo in the Pacific Sands condo complex at 770 W Imperial.  The highest priced sale of the month was a 4 bedroom single family home at 709 Redwood that closed at $1,300,000.

To see other cities or other months home sales visit our El Segundo and South Bay home sales information site.

MLS  Type

Address

 Price  Bed/Bath Year
SB14206112 CONDO/A
770 W

Imperial AV 62

 $              336,500 2/1,1,0,0 1966/ASR
SB15024885 CONDO/A
123 E

Oak AV #204

 $              535,000 2/2,0,0,0 1979/ASR
SB15007247 CONDO/A
935

Main ST #106

 $              565,000 2/2,0,0,0 1981/ASR
SB15025657 TWNHS/A
616 W

Imperial AV #3

 $              735,000 3/1,1,1,0 2012/BLD
SB15030580 SFR/D
926

Virginia ST

 $              750,000 2/1,0,0,0 1951/SLR
SB15023219 TWNHS/A
400

Richmond ST #1

 $              755,000 3/2,0,1,0 1990/ASR
SB15014538 SFR/D
707 W

Acacia AV

 $              795,000 4/1,1,0,0 1966/ASR
SB14262196 SFR/D
821

Sheldon ST

 $              899,000 4/2,0,0,0 1963/ASR
SB15016907 SFR/D
635 W

Maple AV

 $              919,500 3/1,0,0,0 1920/ASR
SB14263990 SFR/D
839

Hillcrest ST

 $          1,279,000 4/3,0,0,0 1978/ASR
SB15026099 SFR/D
709

Redwood AV

 $          1,300,000 4/2,1,0,0 1979/ASR

Super Charming Beach Bungalow Near Downtown

By Keith Kyle116-Pine-El-Segundo

We thought that this recent listing was definitely worth a look as it’s full of charm and nicely remodeled. Located at 116 E. Pine the home was updated throughout and the only real challenge is it’s proximity to Main Street.  It’s a very cute 3 bedroom 1 1/2 bath home with just under 1300 square feet.

See all property details of 116 E. Pine in El Segundo

ML#:   SB15057944 
APN:   4135004026 
Orig. List Price:   $869,000 
Price Per Sqft:   $675.74 
County:   Los Angeles 
Property Type:   Single Family Residence (D) 
Bedrooms:   3 
Bath(F,T,H,Q):  1,0,1,0 
Sqft (Src):   1,286 (Assessor’s Data) 
Ac/LotSqft (Src):   0.08/3,500 (A)  
A/C: Yes

February 2015 Home Sales in El Segundo CA

El Segundo once again saw a limited number of sales but a very positive month in terms of sale prices.  While monthly sales prices were down a bit compared with the previous two months, much of that was due to the past few months being impacted by the sales of recently completed townhomes.  To view the current homes for sale visit our MLS listings page.

MLS# Type   Address  Price  Bed/Bath Year Sq Feet
IN14262856 CONDO/A 770 W Imperial AV #38  $319,999 2/2,0,0,0 1966/ASR 999/A
SB14201445 CONDO/A 900 Cedar ST #205  $460,000 2/2,0,0,0 1978/ASR 1177/A
SB14218385 CONDO/A 818 Main ST #202  $525,000 2/2,0,0,0 1979/ASR 1406/A
PW14257062 SFR/D 317 E Mariposa AV  $645,000 2/1,0,0,0 1947/ASR 801/A
14799167 SFR/D 936 Eucalyptus DR  $814,200 3/2,0,0,0 1961 1444/A
SB15015265 SFR/D 711 W Acacia AV  $822,000 4/2,0,0,0 1966/ASR 1705/A
SB14224624 SFR/D 715 W Acacia  $835,000 4/1,1,0,0 1966/APP 2152/A
14792109 SFR 702 Hillcrest ST  $895,000 3/2,0,0,0 1955 1669
IG15012102 SFR/D 436 California ST  $915,000 3/1,0,1,0 1954/ASR 1131/A
SB14255826 SFR/D 808 California ST  $ 1,180,000 3/1,1,0,0 1958/ASR 1640/A

To see the homes sold in El Segundo in other months, or to see neighboring cities home sales visit our recent sales page.

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.