El Segundo CA once again saw a fairly low number of home sales for September 2014. The real estate market continued to be a sellers market with very low inventory and very high demand in this coastal community of the South Bay outside of Los Angeles. The bulk of the home sales in September were dominated by condos, which is a bit unusual. Of the 8 homes sold on the MLS, 5 were condos, one was a townhome and only 2 single family homes. Visit our El Segundo CA homes for sale page to see the current active MLS listings or visit our recent home sale page for the South Bay to see other months and other South Bay Cities.
By Keith Kyle
Last month we wrote a market update and explained how the number of homes available for sale in El Segundo had jumped a bit due to the recent completion of 12 new townhome units on the corner of Pepper and Walnut. The demand for these new units was in full force as all but 3 of the units are now in escrow or under contract. The townhomes ranged in price between $789,000 to $849,000. All were 3 bedroom 2.5 bath estimated at 1900 square feet. and fairly ideally located near Main Street and downtown El Segundo.
El Segundo real estate is often overlooked in the South Bay as the name perhaps isn’t quite as alluring as it’s neighbors in Manhattan and Hermosa Beach, but it is a wonderful place to call home and is a more affordable option. We hope you’ll take advantage of all of the information and resources on El Segundo MLS as we offer a number of ways to search for homes including free MLS access, current homes for sale sorted by both price and type, and if you really want to make your home search easy we will customize your El Segundo home search and send you free daily email updates. View recent homes sales, current prices, market statistics and much much more.
El Segundo offers residents a small town feel yet closer to key parts of Los Angeles such as LAX, downtown, Santa Monica and more. Located just north of Manhattan Beach and just east of Los Angeles airport, El Segundo is a true community with a charming downtown area, fantastic school system, endless activities and beautiful Dockweiler Beach.
By Keith Kyle
Whether you are considering buying a townhome in El Segundo or thinking of listing and selling your home, keeping up to date with the market and real estate trends is critical. Take advantage of our real estate market page with information on the number of homes sold, current home inventory, price per foot and median home prices. To view a list of the sold homes visit our recent home sales page. The charts below shows only statistics for condos. For specific types of homes click on the links below. Click to see the current townhomes for sale in El Segundo.
The above chart shows current “active” homes for sale, pending and recent sold townhomes.
The chart above shows the average price per square foot for townhomes only in El Segundo.
The chart above shows the average days on market as well as the % of the sale price above or below the listing price.
The chart above shows the average price for sale as well as the average price of the homes actually sold.
The chart above shows the number of months of inventory based on closed sales in El Segundo
Contact Keith Kyle for more information or statistics for other cities.