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.

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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.

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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 Keith Kyle and Vista Sotheby’s International should be your El Segundo Realtors®.

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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