Welcome to our quick recap for real estate in El Segundo during the month of May. Home sales in the city of El Segundo were way down with only 6 homes that closed escrow compared with 25 in May of 2019. On the other hand, house prices were very impressive with the median home price of $1,420,000. Homes that sold averaged only 19 days on market compared with 62 the year earlier.
April was a VERY slow month for home sales in El Segundo with only 3 properties closing escrow during the month. The median list price was $1,098,000 with the median sales price of $1,100,000 meaning the three homes basically sold for full price. The average price per foot was $754 and average days on market was 38. View the April 2020 home sales in other South Bay cities as well.
March was a slow month for real estate in El Segundo with only 6 homes sold 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.
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.
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.