El Segundo and South Bay Open Houses
Take a look at the list below to see this weeks open houses in El Segundo and the South Bay
What are El Segundo Pocket Listings and How Do You Find Them?
In this incredibly competitive market many homes are not even making it to the market. So how do you find out 
about these homes in El Segundo and the South Bay? First it’s important to understand just what we’re talking about.
What does off market or a pocket listing mean?
It can actually mean a few different things but in general, when we refer to homes sold off market or pocket listings these are homes that are never put on the MLS and therefore unknown to most buyers and many realtors. That means that searching the Redfins and Zillows of the world may mean that you’re not aware of these types of opportunities.
Why would an El Segundo homeseller want to sell the home off market?
In general it’s not a great idea. Fewer buyers that know about the home usually means less competition and ultimately a lower sales price. That’s certainly not always the case but usually accurate to some extent. Sellers have many reasons for not wanting to put their home on the market. It may be due to privacy reasons such as not wanting the neighbor or even the tenant know that the home is for sale. It may be that they don’t want to deal with some of the hassles that come along with listing a home…..buyer’s and agents that want to show the home at all hours, open houses on the weekends and more people simply curious with few legitimate buyers. Whatever the reason it does limit the exposure and again usually limits the price.
That’s why it can be a good opportunity for buyers….less competition, fewer bidding wars which generally leads to a lower sales price.
How do I find out about these homes?
Unlike the MLS listings, off market, upcoming and pocket listings are much more elusive. The key is to work with an agent that has deep connections in the El Segundo community and market. Some of the top realtors in certain areas may share information on these hard to find opportunities and the larger or more numerous the seller and agent networks, the more information the agent can obtain.
We are happy to help you find off market homes but this requires a good deal of work, considerable communication with sellers and agents and a readiness to act should the right home come available. If you would like us to help find off market opportunities please feel free to text us at 310-251-2344 or email us with the details of your home search.
Big Ups and Big Downs in the South Bay Real Estate Market
What a crazy month July was in the South Bay. The year over year % changes in median home prices were drastic in
many cases with some cities seeing huge increases while others saw major drops. Unfortunately real estate in El Segundo CA was on the losing end with median home prices being almost 20% lower than they had been in July of 2016. One of the reasons was the rash of newer, and more expensive, construction a year ago somewhat artificially inflating prices. El Segundo saw a high number of homes close escrow with 20 sold homes in July at a median home price of just under $1,055,000. While that’s considerably lower than the previous July, that is still a very big number in El Segundo. Click here to see the recent home sales in El Segundo and the South Bay.
| City | Homes Sold | July 2017 Median | July 2016 Median | Year over Year % Change% |
| Carson | 60 | $480,000 | $445,000 | 8% |
| El Segundo | 20 | $1,055,000 | $1,310,000 | -19.5% |
| Gardena | 65 | $549,000 | $454,000 | 21% |
| Harbor City | 15 | $439,000 | $550,000 | -20.2% |
| Hawthorne | 35 | $730,000 | $562,000 | 30% |
| Hermosa Beach | 19 | $2,025,000 | $1,410,000 | 43.6% |
| Lawndale | 15 | $515,000 | $430,000 | 19.8% |
| Lomita | 21 | $598,000 | $585,000 | 2.1% |
| Long Beach | 331 | $520,000 | $471,500 | 10.3% |
| Manhattan Beach | 48 | $2,449,000 | $2,200,000 | 11.3% |
| Marina Del Rey | 36 | $921,000 | $974,000 | -5.4% |
| Palos Verdes Estates | 28 | $1558,000 | $1,800,000 | -13.4% |
| Playa Del Rey | 20 | $613,000 | $629,000 | -2.5% |
| Rancho Palos Verdes | 63 | $1,345,000 | $1,160,000 | 15.9% |
| Redondo Beach | 95 | $975,000 | $920,000 | 6% |
| San Pedro | 63 | $542,000 | $542,000 | 0% |
| Torrance | 113 | $687,000 | $617,000 | 11.4% |
| Westchester | 33 | $1,185,000 | $1,116,000 | 6.2% |
$3,000,000 in El Segundo? Rarified Air at 425 West Oak
The recent listing at 425 West Oak in El Segundo is in some rarified air pushing the elusive $3,000,000 price barrier. It will be a good home to keep an eye on to see if El Segundo can achieve a price point more common in the neighboring Manhattan Beach luxury real estate market. The home at 425 West Oak is brand new construction with a modern design and sitting on a well appointed 8000+ square foot lot. With 5 bedrooms and 4000 feet it is definitely a home to rival new construction in Manhattan and Hermosa Beach.
El Segundo Median Home Prices Top $880,000 for May 2017
May 2017 saw another solid month in the El Segundo real estate market with 8 homes selling at a median price of $880,000 which was almost 10% higher than the same month a year earlier. View the sold homes for May 2017 in El Segundo or visit our El Segundo real estate market statistics.
| City | Homes Sold |
May 2017 Median | May 2016 Median | Year over Year % Change% |
| Carson | 41 | $458,000 | $453,000 | 1.2% |
| El Segundo | 8 | $880,000 | $803,000 | 9.7% |
| Gardena | 65 | $523,000 | $425,000 | 23.1% |
| Harbor City | 14 | $503,000 | $439,000 | 14.5% |
| Hawthorne | 46 | $610,000 | $485,000 | 25.8% |
| Hermosa Beach | 26 | $1,738,000 | $1,285,000 | 35.3% |
| Lawndale | 16 | $485,000 | $455,000 | 6.5% |
| Lomita | 18 | $653,000 | $488,000 | 33.7% |
| Long Beach | 356 | $472,000 | $485,000 | -2.6% |
| Manhattan Beach | 46 | $2,175,000 | $1,875,000 | 16% |
| Marina Del Rey | 32 | $933,000 | $925,000 | 0.8% |
| Palos Verdes Estates | 47 | $1,650,000 | $1,499,000 | 10.1% |
| Playa Del Rey | 31 | $720,000 | $560,000 | 28.6% |
| Rancho Palos Verdes | 51 | $1,275,000 | $1,060,000 | 20.3% |
| Redondo Beach | 87 | $1,054,000 | $950,000 | 10.9% |
| San Pedro | 63 | $620,000 | $489,000 | 26.8% |
| Torrance | 140 | $690,000 | $593,000 | 16.4% |
| Westchester | 44 | $965,000 | $1,130,000 | -14.6% |
How Best to Determine How Much Is Your El Segundo Home Worth?
Finding the value of your home in El Segundo isn’t quite as easy as some real estate sites make it appear. Sites like 
Zillow provide an estimate, but their modeling is challenged in communities like ours. Unlike tract homes or newer communities that all share similar characteristics, El Segundo and the South Bay has an extremely diverse range of homes. With features such as ocean views and large yards at a premium simply determining what some of the neighboring homes have sold for doesn’t give a very accurate assessment. Add to that some dramatic differences in terms of upgrades, new kitchens, hardwood floors and more and a simple one price fits all concept doesn’t work.
So what’s your best way to find the value of your home in El Segundo? Find a local realtor that knows the area well and understands both the micro market and what impacts the values in the area.
If you are interested in learning the value of your home in El Segundo with a pressure free analysis of your home feel free to contact top listing agent Keith Kyle or simply tell us about your home below. Feel free to visit our recent El Segundo and South Bay home prices for a month by month view of the recently sold homes and median prices.
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