August 2016 Home Sales and Median Prices in El Segundo CA

By Keith Kyle340_via_colusa_living2-copy

August 2016 was a solid month for homes throughout the South Bay with El Segundo seeing a whopping increase in median home price over August of 2015.  El Segundo saw 15 closed home and property sales in the month of August with a median home price of $1,075,000.  With typical median prices hovering around $800,000 for most of 2016 this was a fairly incredible number.  As of October 23rd 2016 there are 31 active homes and income properties for sale in El Segundo and 17 homes currently in escrow.    View the current homes for sale in El Segundo, CA or view a list of the homes sold in El Segundo and the South Bay in August.

City Homes
Sold
August
2016 Median
August
2015 Median
Year
over Year % Change%
Carson 56 $450,000 $430,000 4.7%
El Segundo 15 $1,075,000 $780,000 37.8%
Gardena 43 $470,000 $399,000 17.8%
Harbor City 24 $523,000 $450,000 16.1%
Hawthorne 47 $575,000 $493,000 16.8%
Hermosa Beach 22 $1,723,000 $1,389,000 24.%
Lawndale 16 $498,000 $437,000 13.8%
Lomita 23 $619,000 $510,000 21.4%
Long Beach 348 $463,000 $459,000 .8%
Manhattan Beach 36 $1,800,000 $1,923,000 -6.4%
Marina Del Rey 24 $1,059,000 $928,000 14.1%
Palos Verdes Estates 42 $1,412,000 $1,815,000 -22.2%
Playa Del Rey 16 $623,000 $560,000 11.2%
Rancho Palos Verdes 57 $1,065,000 $1,155,000 -7.8%
Redondo Beach 100 $968,000 $842,000 15%
San Pedro 70 $481,000 $475,000 1.3%
Torrance 179 $645,000 $585,000 10.3%
Westchester 44 $1,093,000 $890,000 22.7%

Lyon Homes Beginning to List 360 South Bay Homes on the MLS

By Keith Kyle360 South Bay

**Update**All new construction homes have been sold and Lyon Homes in no longer involved.  There are homes for sale as resale units but there are no longer new construction units.  Please contact us for information on the homes for sale.

In a shift from their previous sales strategies, William Lyon Homes are now starting to list many of their new construction properties on the local MLS making it easier to see and purchase with the use of a realtor.  Until now all new home sales were done through the Lyon Homes sales office as “buyers agents” were not involved and a realtors involvement often ended at bringing the prospective buyer through the community for an initial visit.  While they are still keeping the role of the buyers agent to a minimum, listing the homes on the MLS has been a definite shift in policy.

360 South Bay is a newly constructed gated community in the Hollyglen neighborhood of Hawthorne CA and offers new and newer homes with a great community feel, fantastic ammenities and is located in the award winning Wiseburn School District.

View information on 360 South Bay including models, floorplans and more.

In addition to the new construction and upcoming construction, there are a number of resale units that have always been handled like normal real estate transactions with a buyers and sellers realtor involved.

View the current homes for sale in 360 South Bay available on the local MLS

September Home Sales in El Segundo Dominated by Condos

El Segundo CA once again saw a fairly low number of home sales for September 2014.  The real estate market continued to be a sellers market with very low inventory and very high demand in this coastal community of the South Bay outside of Los Angeles.  The bulk of the home sales in September were dominated by condos, which is a bit unusual.  Of the 8 homes sold on the MLS, 5 were condos, one was a townhome and only 2 single family homes.  Visit our El Segundo CA homes for sale page to see the current active MLS listings or visit our recent home sale page for the South Bay to see other months and other South Bay Cities.

El_Segundo_September_2014_Home_Sales

Location a Critical Factor in El Segundo Real Estate

El Segundo is a fantastic community oriented city in the South Bay. It offers a great small town feel, charming downtown and Main Street areas, award winning schools and proximity to the beach. From a real estate perspective, however, parts of El Segundo do have their challenges….and it’s all about the location. El Segundo CA area Map The challenge El Segundo has is that it happens to have some less than appealing neighbors. Directly to the north lies LAX, or Los Angeles International Airport. To the west lies the Hyperion Waste Water Treatment Plant. To the south lies the Chevron Oil Refinery (although the areas nearest to the refinery of primarily commercial) and to the east is a relatively busy, but nice commercial and retail corridor with high rise buildings, hotels and strip malls. Although each area may require some compromise on the part of buyers, each does offer lower prices than the neighborhoods in the center of town. If you’re working with a realtor, make sure that they are familiar with El Segundo and can offer insight into just what the various neighborhoods are like.

12 New Townhomes in El Segundo in High Demand

By Keith Kyle

Last month we wrote a market update and explained how the number of homes available for sale in El Segundo had jumped a bit due to the recent completion of 12 new townhome units on the corner of Pepper and Walnut.  The demand for these new units was in full force as all but 3 of the units are now in escrow or under contract.  The townhomes ranged in price between $789,000 to $849,000.  All were 3 bedroom 2.5 bath estimated at 1900 square feet. and fairly ideally located near Main Street and downtown El Segundo.

 See the MLS information for the new townhomes in El Segundo

 

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.

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

South Bay Communities

Visit our community pages below for information on real estate, neighborhoods, schools and more.

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If you’ve been searching websites on your own and checking each day to see what new homes for sale have hit the market in El Segundo, there is an MLS Search in El Segundo CAeasier way.  Let us do the work for you.  We are local experts and will create a custom home search based on the exact details you are looking for in a home and will send you hourly, daily, weekly or monthly updates. This is a FREE service and there is absolutely no obligation.  We hope to earn your business with our helpful search tool, impeccable service and local expertise. Looking in other cities as well?  We can help search in nearby Manhattan Beach, Hollyglen, 360 South Bay, Fusion and the surrounding cities.

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El Segundo Real Estate and MLS Search

El Segundo Real EstateBy Keith Kyle

El  Segundo is a small coastline community equally renowned for its quaint, small town atmosphere as well as a thriving business environment that caters to some of the region’s most prestigious corporations. El Segundo is a very popular place to purchase a home due to the  small town atmosphere, proximity to the beach, and award winning schools.

Real Estate, Homes for Sale in El Segundo

Conveniently  located just south of Los Angeles International Airport, adjacent to the Pacific Ocean, and quickly accessible to the 105 and 405 freeways, El Segundo is ideally situated between Los Angeles and the South Bay beach communities. El Segundo prides itself on its excellent schools, quality recreation programs, safe neighborhoods and unparalleled city services. It is also a haven for business, with 13 Fortune 500 companies and a diverse mix of aerospace firms, high-tech businesses, professional service outfits, fine restaurants and retailers.

Your online resource for El Segundo, California homes and real estate. Find your home in El Segundo with our simple targeted home search or find all South Bay homes with our free MLS access. If you are looking to buy or sell a home or investment property in the area….we can help. Find out why South Bay Brokers should be your El Segundo Realtors®.


Free Targeted El Segundo Home Search

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