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.
It’s been a while since we’ve seen more than just one or two single family homes for sale in the neighborhood of Hollyglen which may start to ease some of the pent up demand in this somewhat secret neighborhood. Although it has a Hawthorne mailing address, this great neighborhood is an unincorporated area and enjoys it’s own award winning school system known as the Wiseburn District. Hollyglen sits just north of Rosecrans and just west of the 405 freeway and has remained somewhat of an unknown jewel in South Bay real estate. I has the feel of Torrance neighborhoods of West Torrance and Southwood, with tree lined streets, schools within walking distance, and offer a very safe and social neighborhood feel. As of April 2, 2014 there are 7 single family homes for sale in Hollyglen, with 3 new construction in the 360 South Bay community, 2 additional homes in Del Aire (but west of the 405 so in somewhat similar neighborhood) priced from $544,000 (Del Aire) to $890,000 for a 4 bedroom new construction in 360. Prices for a 3/2 single family built in the 1950s, which most are, generally range lately between $640,000 and $690,000
Click here to view the current single family homes for sale in Hollyglen CA
By Keith Kyle
Whether you are considering buying a home 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. The charts below show information for only single family homes in El Segundo. For specific types of homes click on the links below. Visit our MLS search to see the current single family homes for sale in El Segundo.
The below chart shows current “active” homes for sale, pending and recent sold homes.
The chart below shows the average price per square foot for single family homes in El Segundo.
The chart below shows the average days on market as well as the % of the sale price above or below the listing price.
The chart belows shows the average price for sale as well as the average price of the homes actually sold.
The chart below 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.