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

Prices and Values Continue to Rise in El Segundo

By Keith Kyle

To anyone keeping up with the El Segundo real estate market, it should come as no surprise that home values just keep going up.  The median home prices and list prices have continued to rise although the average home sales prices has been somewhat stagnant.  Click to view all of the latest market trends in El Segundo.  To see the recent home sales in El Segundo click here.

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El Segundo Real Estate. All information deemed reliable but not guaranteed.