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%

El Segundo CA Home Prices Up in December

By Keith Kyle340_Via_Colusa_front7 copy

The December numbers are in and if there was any thought that the real estate market in El Segundo was leveling the numbers certainly say otherwise.

The average home price in El Segundo for the homes that closed escrow during December was $1,023,000 with a median price of $999,000. Those are big numbers that still shows no sign of slowing or reversing.   See the chart below for the December home sales numbers for El Segundo and the South Bay for December of 2015.

City Homes
Sold
December
2015 Median
December
2014 Median
Year
over Year % Change
Carson  73 $360,000 $365,000 -1.4%
El Segundo 9 $999,000 $735,000 35.9%
Gardena 41 $420,000 $385,000 9.1%
Harbor City 15 $483,000 $467,000 9.1%
Hawthorne 35 $508,500 $667,750 -23.8%
Hermosa Beach 24 $1,475,000 $1,360,000 8.5%
Lawndale 13 $420,000 $415,000 1.2%
Lomita 16 $520,000 $490,000 6.1%
Long Beach 339 $456,000 $395,000 15.4%
Manhattan Beach 34 $2,184,000 $1,689,000 29.3%
Marina Del Rey 31 $905,000 $759,000 19.2%
Palos Verdes Estates 29 $1,456,000 $1,150,000 26.7%
Playa Del Rey 17 $605,000 $482,000 25.5%
Rancho Palos Verdes 48 $1,170,000 $1,135,000 3.1%
Redondo Beach 89 $836,250 $770,000 7.3%
San Pedro 72 $517,500 $492,000 5.2%
Torrance 133 $597,000 $562,000 6.3%
Westchester 34 $951,000 $807,500 17.8%

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.

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%

El Segundo Real Estate Market Update

By Keith Kyle

The market in El Segundo seems to have leveled a bit with the number of homes for sale hovering in the high teens for the past few months.  As of August 25th there are currently active listings in El Segundo.   Although last month saw a significant increase in active listings and this month we see an increase in pending home sales, the numbers are skewed a bit due to the recent release of a number of new construction townhomes on Walnut and Pepper.

El Segundo Real Estate Market Update

By Keith KyleEl Segundo real estate

Real estate in the South Bay and specifically El Segundo continues at a pretty torrid pace.  Slowly rising inventory should alleviate some of the pressure and we may be heading towards a more balanced market.  July was the new high for active homes for sale with 30, topping the year high of 17 in June.  Median home price of active listings is $799,000.  The primary reason for this significant jump in inventory is due to the two new construction projects at the 100 Block of Walnut and the 900 block of Pepper, a 12 unit project from architect Pat Killen.

Currently there are 14 homes in escrow which is also a considerable jump from the 9 homes in escrow during the month of June.

We are still seeing quite the disparity between the average list prices of homes in El Segundo vs. the average sold home prices.  This is primarily due to sellers often listing homes at a “make me move” type price in which they’re looking for something well beyond market values.

El Segundo Real Estate – Market Update for June

By Keith KyleFor Sale Sign

The real estate market in El Segundo continues to be hot with very low inventory and prices continuing to rise.  Summer months are traditionally very active due to the award winning school system and proximity to the coast.  El Segundo has a wonderful small town feel and is conveniently located close to all that Los Angeles and the South Bay has to offer.

  • In escrow – 20
  • Total homes sold in 2014 YTD – 43
  • Average sales price – $796,894
  • Average price per square foot – $514

Welcome to El Segundo Real Estate

By Keith KyleEl-Segundo-Sign

El Segundo real estate is often overlooked in the South Bay as the name perhaps isn’t quite as alluring as it’s neighbors in Manhattan and Hermosa Beach, but it  is a wonderful place to call home and is a more affordable option.  We hope you’ll take advantage of all of the information and resources on El Segundo MLS as we offer a number of ways to search for homes including free MLS access, current homes for sale sorted by both price and type, and if you really want to make your home search easy we will customize your El Segundo home search and send you free daily email updates.  View recent homes sales, current prices, market statistics and much much more.

El Segundo offers residents a small town feel yet closer to key parts of Los Angeles such as LAX, downtown, Santa Monica and more.  Located just north of Manhattan Beach and just east of Los Angeles airport, El Segundo is a true community with a charming downtown area, fantastic school system, endless activities and beautiful Dockweiler Beach.

El-Segundo Real Estate Map

Will Overpriced Homes Slow the El Segundo Real Estate Market?

Torrance HomesI’ve noticed an early January trend in some of the local markets as many homes now seem to be listed at prices that recent sales just don’t seem to justify. Will this overpricing help slow the market down a little as we’re starting to see some homes sit on the market and even eventual price reductions.

We’ve seen the market increase in value dramatically in the past 12 months with values generally rising each month but since late November we seem to be seeing more homes priced well above the current market and well above the pricing trend. Only time will tell what 2014 has in store in the Beach Cities real estate market but as perception is such a real part of real estate, buyers now seeing El Segundo homes sit on the market without selling may mark the beginning of a slow down.

Real Estate Market Statistics for El Segundo Townhomes

By Keith Kyle

Whether you are considering buying a townhome in El Segundo or thinking of listing and selling your home, keeping up to date with the market and real estate trends is critical. Take advantage of our real estate market page with information on the number of homes sold, current home inventory, price per foot and median home prices. To view a list of the sold homes visit our recent home sales page. The charts below shows only statistics for condos. For specific types of homes click on the links below. Click to see the current townhomes for sale in El Segundo.


The above chart shows current “active” homes for sale, pending and recent sold townhomes.

The chart above shows the average price per square foot for townhomes only in El Segundo.

The chart above shows the average days on market as well as the % of the sale price above or below the listing price.

The chart above shows the average price for sale as well as the average price of the homes actually sold.

The chart above shows the number of months of inventory based on closed sales in El Segundo

Contact Keith Kyle for more information or statistics for other cities.