El Segundo Real Estate Blog

December 26, 2019

The Dwindling Housing Inventory in El Segundo

Over the past 12 months there’s been a steady decline in active homes for sale in El Segundo which is not a good trend for home buyers. Supply and demand is a strong market force and with so few active homes for sale in El Segundo, price increases are the norm. Compared with a year ago there are 70% fewer listings on the market which is pretty incredible.

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

Housing inventory for November 2019 compared with the previous month and the previous November

Home trends and statistics showing past 15 months of homes for sale, pending sales, sold homes and prices.

Date	18-Sep	18-Oct	18-Nov	18-Dec	19-Jan	19-Feb	19-Mar	19-Apr	19-May	19-Jun	19-Jul	19-Aug	19-Sep	19-Oct	19-Nov
For Sale	29	31	34	27	24	27	28	22	22	17	13	19	17	13	10
New Listing	13	13	14	6	14	26	18	11	16	12	8	15	10	10	6
Sold	9	8	5	9	8	7	15	10	25	14	13	8	6	8	17
Pended	6	7	9	10	10	19	16	18	12	15	11	11	10	12	12
Months of Inventory (Closed Sales)	3.2	3.9	6.8	3	3	3.9	1.9	2.2	0.9	1.2	1	2.4	2.8	1.6	0.6
Months of Inventory (Pended Sales)	4.8	4.4	3.8	2.7	2.4	1.4	1.8	1.2	1.8	1.1	1.2	1.7	1.7	1.1	0.8
Avg. Active Price	1416	1265	1254	1239	1188	1300	1336	1473	1427	1427	1520	1505	1391	1210	1326
Avg. Sold Price	1442	1418	1313	961	1174	975	1357	1137	1287	1162	1236	1592	1252	995	1426
Avg. Sq. Ft. Price (Sold)	672	663	623	622	618	653	662	627	602	674	677	689	705	560	682
Sold/List Diff. %	98	100	103	100	98	98	100	97	99	98	99	100	97	100	98
Sold/Orig LP Diff. %	96	98	100	96	97	95	98	95	96	97	97	99	93	100	94
Avg Days on Market	30	39	26	41	56	57	38	52	62	25	38	65	47	29	55
Median Sold Price	1415	1595	1150	860	1143	850	1320	1005	1147	1105	1180	1590	1279	848	1330

in El Segundo homes for sale, El Segundo Real Estate, Home Values, Homes for sale Posted by ktkyle

Home Sales and Housing Prices in El Segundo for November

November was a really strong month for home sales in El Segundo with 17 closed on MLS home sales. Given that El Segundo averages around 10-11 home sales a month 17 was a big number, especially when considering the time of year. November is not traditionally an overly active months for real estate in El Segundo.

The median “list” price for the month was $1,499,000 with a median “sold” price of $1,330,000 which is fairly unusual for the South Bay in November. It may be an indication that prices are softening or may just be a blip on the rader. We’ll need to see further trends to determine. See the 2019 El Segundo real estate trends below. Average days on market for the month was 54.

The lowest priced sale of the month was a 2 bedroom condo at 770 W Imperial Ave known as Pacific Sands. While this is a great starter complex, Pacific Sands is generally the least expensive housing option in El Segundo. The highest priced property sale of the month was a very large single family home located at 414 W Oak. Other notable sales were 510 E Imperial Ave, 516 E Imperial Avenue, 552 E Imperial Avenue which are all in the new townhome construction community of Waypointe and 926 Fairing Place which is in the new construction single family community of Pacific Landing.

View the active homes for sale in El Segundo California

November 2019 Home Sales and Home Prices in El Segundo.

MLS	Type		Address	Price	$ per Foot	Bed/Bath	Sq Feet	Year	Sold Date
19517428	CONDO	770 W	Imperial AVE #68	$515,000	$512	2/1,0,1,0	1005/A	1966	11/14/2019
IN19228928	CONDO/A	770 W	Imperial AVE #89	$545,000	$575	2/2,0,0,0	948/A	1966/ASR	11/26/2019
SB19175483	CONDO/A	818	Main ST #202	$732,000	$521	2/2,0,0,0	1406/A	1979/ASR	11/26/2019
SW19110379	TWNHS/A	510 E	Imperial AVE	$1,000,000	$508	3/3,0,1,0	1969/B	2018/BLD	11/1/2019
SW19101433	TWNHS/A	516 E	Imperial AVE	$1,015,000	$577	3/3,0,1,0	1758/B	2018/BLD	11/29/2019
SB19221255	TWNHS/A	121 W	Palm AVE #3	$1,050,000	$626	3/3,0,1,0	1678/A	1990/ASR	11/15/2019
SW19131717	CONDO/A	552 E	Imperial AVE #314	$1,094,924	$623	3/3,0,1,0	1758/B	2019/BLD	11/29/2019
SB19244352	SFR/D	422	Maryland ST	$1,225,000	$929	3/1,1,0,0	1318/P	1947/PUB	11/28/2019
SB19189819	SFR/D	704	Penn ST	$1,330,000	$801	3/2,0,1,0	1661/A	1941/ASR	11/26/2019
SB19221319	SFR/D	845	McCarthy CT	$1,585,000	$868	4/3,0,0,0	1825/A	1952/ASR	11/1/2019
SW19045535	SFR/D	926	Fairing PL	$1,665,000	$560	4/3,0,1,0	2975/B	2018/BLD	11/18/2019
SB19222745	SFR/D	1124 E	Acacia AVE	$1,845,000	$766	4/3,0,1,0	2410/D	1949/ASR	11/7/2019
SB19149734	SFR/D	925	Sheldon ST	$1,950,000	$701	4/3,0,1,0	2781/B	2019/BLD	11/26/2019
SB19150418	SFR/D	929	Sheldon ST	$1,975,000	$710	4/3,0,1,0	2781/B	2019/BLD	11/15/2019
SB19083854	SFR/D	506	Sheldon ST	$2,060,000	$762	4/4,0,0,0	2705/S	1952/ASR	11/15/2019
SB19160605	SFR/D	712 W	Pine AVE	$2,150,000	$755	4/4,2,0,0	2846/T	2009/SLR	11/22/2019
SB19217162	SFR/D	414 W	Oak AVE	$2,510,000	$669	6/4,0,0,0	3750/B	2019/BLD	11/13/2019

El Segundo Real Estate chart showing monthly number of homes for sale, pending sales and closed home sales

See all of the real estate trends and statistics in El Segundo

in Condominiums in El Segundo, El Segundo homes for sale, El Segundo Real Estate, El Segundo Townhomes, Home Values, Homes for sale, Luxury homes, Pacific Landing, Search for Homes, Waypointe Posted by ktkyle

Congratulations to Our Clients on the Sale of Their El Segundo Home

Congratulation to our wonderful clients in El Segundo on the sale of their beautiful home. We’re happy to announce our latest home sale and so happy that our clients put their trust in us. There are not all that many $2M+ home sales in El Segundo but this was one that was well worth it. The owners did a fantastic job of keeping it in near perfect condition and selling it was a dream. Their designer eye made the home look like it was professionally staged. Congratulations! View the current homes for sale in El Segundo.

1510 East Oak, El Segundo

in El Segundo Home Sellers, El Segundo homes for sale, El Segundo Real Estate, Escrow Process Posted by ktkyle

October 16, 2019March 19, 2023

About Home Inspections

The home inspection part of the home buying process is often challenging. Sellers have lived in the house for years and think that everything is just fine. We often hear sellers say “it’s been just fine for us so why isn’t it fine for the buyer?”.

Buyers have a drastically different take on the same report. Often times they’ll take the inspection report as a checklist for all that’s wrong with the house. There’s almost no such thing as a completely clear report. Even in instances with a very good report, buyer’s will often try and use that as a negotiating tool to lower the price, get a credit, or even do upgrades. That’s definitely not the intention. The inspection is done so that you are an educated buyer as to what’s working and what may need repairing. They also call out items not up to current code (but still very functional….codes just change all of the time). I always recommend to my buyers to focus on safety issues and what actually needs to be repaired to working condition.

Home inspections infographic

in Escrow Process, First Time Buyers, Home Inspection Posted by ktkyle

October 8, 2019October 8, 2019

September 2019 El Segundo Home Sales

El Segundo saw a slow down in home sales for the month of September with only 6 closed sales. All but one exceeded the $1,000,000 mark with the highest sale of the month being a 4 bedroom home at 1209 E Maple and the lowest of the month being $525,000 for a 2 bedroom condo in Pacific Sands.To see more than just September and to get a sense of the real estate market over the past year, see the El Segundo real estate trends and statistics page.

View the current homes for sale in El Segundo CA

MLS	Type	Address	Address	Sold Price	$ Per Foot	Bed/Bath	Sq Feet	Year	Sold Date
SB19148522	SFR/D	1209 E	Maple AVE	$1,641,500	$615.49	4/1,2,1,0	2667/A	1965/ASR	9/5/2019
SB19221385	SFR/D	618	Penn ST	$1,788,000	$846.99	3/2,0,1,0	2111/A	1920/ASR	9/16/2019
SR19071328	SFR/D	211 W	Walnut AVE	$1,000,000	$775.19	2/1,0,0,1	1290/D	1952/PUB	9/20/2019
OC19182425	SFR/D	224 W	Acacia AVE	$1,083,065	$785.97	3/2,0,0,0	1378/A	1955/ASR	9/20/2019
SB19114447	CONDO/A	770 W	Imperial AVE #24	$525,000	$551.47	2/1,1,0,0	952/A	1966/APP	9/23/2019
SB19159836	SFR/D	808	Penn ST	$1,475,000	$655.56	3/2,0,1,0	2250/A	1979/ASR	9/24/2019

in El Segundo homes for sale, El Segundo Real Estate, Real Estate Trends Posted by ktkyle

October 7, 2019March 20, 2023

Just Sold – 1510 E Oak in El Segundo

We’re happy to announce our latest home sale and so happy that our clients put El Segundo homes for sale their trust in us. There are not all that many $2M+ home sales in El Segundo but this was one that was well worth it. The owners did a fantastic job of keeping it in near perfect condition and selling it was a dream. Their designer eye made the home look like it was professionally staged. Congratulations!