Luxury dining rooom

Real Estate Recap – March 2020 El Segundo Home Sales

March was a slow month for real estate in El Segundo with only 6 homes soldEl Segundo homes for sale during a usually active month.  The lowest priced sale of the month was located at as usual as it’s a larger complex and usually the the least expensive condo building in the area.  The median asking price in March was $1,124,250 and the median sold price was $1,012,500 which may be an indicator that the current “sellers” market may be shifting a bit.  The average price per foot for the month was $517.  Average days on market was 55 but the median days on market was an impressive 9 days.

View the current homes for sale in El Segundo

March 2020 Home Sales & Prices in El Segundo CA

Type   Address Price $ Per Foot Bed/Bath Sq Feet Year Built Sold Date
CONDO/A 770 W Imperial AVE   #43 $520,000 $517.41 2/1,0,1,0 1005/A 1966/ASR 3/18/2020
CONDO/A 123 E Oak AVE   #105 $745,000 $593.15 2/2,0,0,0 1256/A 1979/ASR 3/6/2020
SFR/D 935 Cypress ST   $1,000,000 $886.52 3/1,0,1,0 1128/A 1924/PUB 3/2/2020
SFR/D 120 W Sycamore AVE   $1,025,000 $1,205.88 2/1,0,0,0 850/A 1928/ASR 3/18/2020
SFR/D 848 Pepper ST   $1,395,000 $857.93 3/2,0,0,0 1626/A 1960/ASR 3/17/2020
SFR/D 823 Sheldon ST   $1,700,000 $896.62 4/2,0,1,0 1896/A 1963/ASR 3/26/2020

February Real Estate Recap – El Segundo Home Sales and Prices

February was a very slow month for closed home sales in El Segundo with only 7 homes sold during the month.  Prices were solid as they’ve been over the past 18 months with the median list prices of $1,185,000 and a median sales price of $1,155,000.  With the median sales price lately being near or even over the list priced that may indicate a slight cooling but one month of stats does not indicate a trend.  Only time will tell.  Average price per foot for sold homes in El Segundo was $845.  Median days on market was only 10 which is fairly incredible.

View the current homes for sale in El Segundo CA

February 2020 Home Sales and Prices in El Segundo.

MLS # Type   Address Price $ Per Foot Bed/Bath Sq Feet Year Sold Date
SB19283921 CONDO/A 900 Cedar ST   #111 $620,000 $526.76 2/2,0,0,0 1177/A 1978/ASR 2/12/2020
SB19238651 SFR/D 315 W Palm Ave    $1,044,000 $848.09 5/2,0,0,0 1231/A 1927/ASR 2/4/2020
SB20017420 TWNHS/A 307 Kansas ST   #B $1,060,000 $522.17 3/2,0,1,0 2030/A 2006/ASR 2/27/2020
SB20001552 SFR/D 948 Eucalyptus DR   $1,155,000 $996.55 3/2,0,0,0 1159/A 1939/PUB 2/12/2020
SB20009543 SFR/D 747 Center ST   $1,310,500 $1,373.69 2/2,0,0,0 954/A 1943/ASR 2/11/2020
SB20002854 SFR/D 821 Pepper ST   $1,327,000 $852.28 3/1,1,0,0 1557/T 1956/ASR 2/14/2020
19499382 SFR 430 W Walnut AVE   $1,941,000 $796.47 4/3,0,0,0 2437/B 2019 2/25/2020

 

832 Penn in El Segundo

January 2020 Real Estate Update – El Segundo Home Sales and Prices

January was certainly a slow month for new listings and homes for sale, but had a nice level of activity in terms of closed home sales during the month.    There were 12 home sales during the month with a median list price of $1,249,500 and a median sold price of $1,250,000 meaning that, on average, homes sold for over the list price.  Needless to say this indicates a market very favorable for home sellers.  The median price per foot was $674.15.  The biggest sale of the month was just under $2,000,000 for a tear down/lot value home on a huge 16,500+ foot lot.

Only one of the sales was in the new construction single family community of Pacific Landing and that was an almost 3000 foot home with 4 bedromoms at 928 Fairing Place.  One other note is that although recorded as an El Segundo sale due to an error on someone’s part, the home that sold at 5220 Pacific was actually in the gated community of Three Sixty South Bay which is technically in Hawthorne….not El Segundo.

View the current homes for sale in El Segundo CA

January El Segundo Home Sales and Home Prices

Type   Address Price $ Per Foot Bed/Bath Sq Feet Year Sold Date
CONDO/A 935 Main ST   #204 $761,000 $572.61 2/2,0,0,0 1329/A 1981/ASR 1/30/2020
SFR/D 615 Center ST   $1,010,000 $1,262.50 2/1,0,0,0 800/A 1943/ASR 1/29/2020
SFR/D 508 California ST   $1,100,000 $616.59 3/2,0,0,0 1784/A 1951/PUB 1/24/2020
TWNHS 901 Pepper ST   $1,170,000 $610.01 4/2,0,1,0 1918/ 2014 1/3/2020
SFR/D 5220 Pacific in Three Sixty South Bay  $1,199,850 $495.19 4/3,0,0,0 2423/A 2015/ASR 1/10/2020
SFR/D 615 Maryland ST   $1,200,000 $731.71 3/1,1,0,0 1640/A 1942/ASR 1/31/2020
TWNHS/A 406 W Grand AVE   $1,300,000 $569.93 4/3,0,0,0 2281/B 2019/BLD 1/31/2020
SFR/D 804 California ST   $1,485,000 $773.03 4/2,0,1,0 1921/A 1958/ASR 1/9/2020
SFR/D 443 Loma Vista ST   $1,600,000 $1,101.17 3/2,0,0,0 1453/A 1938/ASR 1/23/2020
SFR/D 928 Fairing PL  in Pacific Landing $1,625,000 $546.22 4/3,0,1,0 2975/B 2018/BLD 1/17/2020
SFR/D 535 Arena ST   $1,845,000 $835.60 4/3,0,1,0 2208/A 1927/ASR 1/3/2020
SFR/D 728 W Mariposa AVE   $1,950,000 $2,166.67 2/1,0,0,0 900/E 1920/EST 1/24/2020
719 Maryland El Segundo

719 Maryland – 2019’s Highest Priced Home Sale in El Segundo

2019’s high sale of the year goes to 719 Maryland which was a new construction 5 bedroom, 3300* single family home in the heart of the community.  Sitting on  a nice sized lot of almost 6500 feet the home had a spacious backyard and the location was ideal with a real community/neighbhrood feel.

View the current homes for sale in El Segundo.

719 Maryland sold for $2,550,000 and sold prior to actually going on the market.

While it was not long ago that homes over $2,000,000 in El Segundo were incredibly rare…..there were 10 homes that sold over $2,000,000 during the year.

*information provided from the listing, deemed reliable but not guaranteed.

Luxury office - 1510 E Oak

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

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

ARE YOU INTERESTED

IT'S TIME TO DISCOVER

el segundo homes for sale

Welcome

Welcome to real estate in the South Bay and El Segundo.  We hope that we are your one source for everything real estate in El Segundo.  From free home search, to MLS access to information on this charming city.

ADDRESS:

2501 N Sepulveda Blvd, Manhattan Beach CA, 90266

Phone:

E-mail:

keith@keithkylehomes.com

CONTACT AGENT

DRE#01712785

keith kyle

Top Producing Realtor

About Vista Sotheby's

Vista Sotheby's

Vista Sotheby's International Realty is one of the top real estate brokersages in Southern California.

El Segundo Real Estate. All information deemed reliable but not guaranteed. The agent providing the information contained herein may not have been a buyer’s and/or seller’s agent. This information is based on data pulled from CRMLS