In somewhat a surprise, the CAR has come out with a housing affordabilty study and found that in 2016 homes were slightly more affordable than in 2015 in the third quarter. Unfortunately that doesn’t impact El Segundo real estate or the South Bay much as we’re located in one of the least affordable areas in the state.
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By Keith Kyle
August 2016 was a solid month for homes throughout the South Bay with El Segundo seeing a whopping increase in median home price over August of 2015. El Segundo saw 15 closed home and property sales in the month of August with a median home price of $1,075,000. With typical median prices hovering around $800,000 for most of 2016 this was a fairly incredible number. As of October 23rd 2016 there are 31 active homes and income properties for sale in El Segundo and 17 homes currently in escrow. View the current homes for sale in El Segundo, CA or view a list of the homes sold in El Segundo and the South Bay in August.
| City | Homes Sold |
August 2016 Median |
August 2015 Median |
Year over Year % Change% |
| Carson | 56 | $450,000 | $430,000 | 4.7% |
| El Segundo | 15 | $1,075,000 | $780,000 | 37.8% |
| Gardena | 43 | $470,000 | $399,000 | 17.8% |
| Harbor City | 24 | $523,000 | $450,000 | 16.1% |
| Hawthorne | 47 | $575,000 | $493,000 | 16.8% |
| Hermosa Beach | 22 | $1,723,000 | $1,389,000 | 24.% |
| Lawndale | 16 | $498,000 | $437,000 | 13.8% |
| Lomita | 23 | $619,000 | $510,000 | 21.4% |
| Long Beach | 348 | $463,000 | $459,000 | .8% |
| Manhattan Beach | 36 | $1,800,000 | $1,923,000 | -6.4% |
| Marina Del Rey | 24 | $1,059,000 | $928,000 | 14.1% |
| Palos Verdes Estates | 42 | $1,412,000 | $1,815,000 | -22.2% |
| Playa Del Rey | 16 | $623,000 | $560,000 | 11.2% |
| Rancho Palos Verdes | 57 | $1,065,000 | $1,155,000 | -7.8% |
| Redondo Beach | 100 | $968,000 | $842,000 | 15% |
| San Pedro | 70 | $481,000 | $475,000 | 1.3% |
| Torrance | 179 | $645,000 | $585,000 | 10.3% |
| Westchester | 44 | $1,093,000 | $890,000 | 22.7% |
El Segundo is a charming coastal town just South of LAX known for it’s small town charm and community feel. Although it hasn’t been known as a luxury real estate market for long, that’s certainly changing with the number of high end homes continually increasing. We asked only a year ago whether El Segundo was ready for homes priced over $2,000,000 and it hasn’t taken long for that answer to clearly be that it is ready to be competive with some high end neighbors including Manhattan Beach and Hermosa Beach. While $2.0M+ homes are still somewhat rare there have been a record high number of homes approaching that rarified price point.
Since the beginning of the year there have been 36 homes that have come on the market priced over $1,500,000. That’s a fairly unbelievable number considering that there were only 14 $1.5M+ homes on the market in 2014 and 2015 combined. To view the current homes for sale visit our El Segundo home sales page or contact us to received a targeted email update for homes in this, or any price range.
Although not in El Segundo this is a Redondo Beach real estate listing that’s worth knowing about.
This better than new coastal craftsman is as beautiful on the inside as the outside
and dramatically different than the standard Redondo townhome. From the moment you see 2209 Nelson in Redondo Beach you’ll realize that this is unlike anything on the market. Entering the home, you’ll be struck by the bright and open floorplan and attention to details. From the nine foot high ceilings, 6″ oak flooring to the El Dorado stone fireplace to the wainscoting and custom colors this home is designer perfect. The lower level features a bright and open floorplan for today’s lifestyle and perfectly blends beach casual with modern luxury. Ideal for entertaining the home features an open kitchen with granite counters, stainless appliances, Merillat maple cabinetry, center island and breakfast bar. The kitchen opens to both the dining area and the spacious living room. Direct access to the private backyard and patio is ideal for indoor outdoor living.
Contact listing agent Keith Kyle with Vista Sotheby’s International Realty for more information.
Head upstairs to 3 beautiful bedrooms plus the incredible master suite. All bedrooms offer plantation shutters, vaulted ceilings, recessed lights, and all enjoy an abundance of natural light. The master suite is a stunning retreat bathed in natural light, with vaulted ceilings, beautiful stone fireplace, private sitting area, balcony, and walk in closet. The spacious master bath offers separate jacuzzi tub and shower, dual vanities, marble countertops and travertine flooring. This beautiful home is a rare find in today’s market of cookie cutter homes.
