March Home Sales and Home Prices in El Segundo and the South Bay

By Keith Kyle

March once again saw some impressive median home prices while housing inventory remained low.  The median home price in El Segundo for March of 2015 was $849,000 with 17 home sales.  The real estate market trends in El Segundo are definitely indicating a very active summer market.  With some top schools and a location along the coast, the summer months are always the highest demand for this coastal community.  See the current homes for sale in El Segundo.

City Homes Sold March 2015 Median March 2014 Median Year over Year % Change
Carson 55 $425,000 $395,000 7.6%
El Segundo 17 $849,000 $727,500 16.7%
Gardena 38 $403,000 $390,000 3.3%
Harbor City 15 $455,000 $328,500 38.5%
Hawthorne 62 $642,500 $444,000 44.7%
Hermosa Beach 22 $1,310,000 $1,260,000 4%
Lawndale 7 $447,000 $335,500 33.4%
Lomita 13 $481,000 $428,000 12.3%
Long Beach 310 $414,000 $389,000 6.4%
Manhattan Beach 44 $1,940,000 $1,696,000 14.4%
Marina Del Rey 39 $860,000 $760,000 13.2%
Palos Verdes Estates 24 $1,400,000 $1,445,000 -3.1%
Playa Del Rey 24 $546,000 $840,000 -35%
Rancho Palos Verdes 43 $1,044,000 $1,005,000 3.9%
Redondo Beach 87 $840,000 $750,000 12%
San Pedro 63 $475,000 $435,000 9.2%
Torrance 115 $529,000 $530,000 -.4%
Westchester 34 $822,000 $764,000 7.7%
South Bay Brokers sales info

26 Years in a Row! South Bay Brokers the highest per agent sales volume for 2014

For the 26th consecutive year, South Bay Brokers, with offices in Manhattan Beach, Redondo Beach and Hermosa Beach,  had the highest per agent sales volume in the South Bay.  In 2014, the average sales volume per agent at South Bay Brokers was $7,870,000…. considerably higher than the other local real estate company, Shorewood Realtors, with an average per agent volume of $6,709,434 and the local Re/Max affiliate.  South Bay Brokers once again set itself apart from other area brokerages with a philosophy of hiring only full time professional realtors.

March 2015 Home Sales in El Segundo

El Segundo saw another strong month of home sales in March as the demand for homes in this coastal community continues to increase.  11 homes successfully closed escrow in El Segundo with the lowest price home being a 2 bedroom condo in the Pacific Sands condo complex at 770 W Imperial.  The highest priced sale of the month was a 4 bedroom single family home at 709 Redwood that closed at $1,300,000.

To see other cities or other months home sales visit our El Segundo and South Bay home sales information site.

MLS  Type

Address

 Price  Bed/Bath Year
SB14206112 CONDO/A
770 W

Imperial AV 62

 $              336,500 2/1,1,0,0 1966/ASR
SB15024885 CONDO/A
123 E

Oak AV #204

 $              535,000 2/2,0,0,0 1979/ASR
SB15007247 CONDO/A
935

Main ST #106

 $              565,000 2/2,0,0,0 1981/ASR
SB15025657 TWNHS/A
616 W

Imperial AV #3

 $              735,000 3/1,1,1,0 2012/BLD
SB15030580 SFR/D
926

Virginia ST

 $              750,000 2/1,0,0,0 1951/SLR
SB15023219 TWNHS/A
400

Richmond ST #1

 $              755,000 3/2,0,1,0 1990/ASR
SB15014538 SFR/D
707 W

Acacia AV

 $              795,000 4/1,1,0,0 1966/ASR
SB14262196 SFR/D
821

Sheldon ST

 $              899,000 4/2,0,0,0 1963/ASR
SB15016907 SFR/D
635 W

Maple AV

 $              919,500 3/1,0,0,0 1920/ASR
SB14263990 SFR/D
839

Hillcrest ST

 $          1,279,000 4/3,0,0,0 1978/ASR
SB15026099 SFR/D
709

Redwood AV

 $          1,300,000 4/2,1,0,0 1979/ASR
El Segundo water tower

Super Charming Beach Bungalow Near Downtown

By Keith Kyle

We thought that this recent listing was definitely worth a look as it’s full of charm and nicely remodeled. Located at 116 E. Pine the home was updated throughout and the only real challenge is it’s proximity to Main Street.  It’s a very cute 3 bedroom 1 1/2 bath home with just under 1300 square feet.

116 E. Pine in El Segundo

ML#:   SB15057944 
APN:   4135004026 
Orig. List Price:   $869,000 
Price Per Sqft:   $675.74 
County:   Los Angeles 
Property Type:   Single Family Residence (D) 
Bedrooms:   3 
Bath(F,T,H,Q):  1,0,1,0 
Sqft (Src):   1,286 (Assessor’s Data) 
Ac/LotSqft (Src):   0.08/3,500 (A)  
A/C: Yes

February 2015 Home Sales in El Segundo CA

El Segundo once again saw a limited number of sales but a very positive month in terms of sale prices.  While monthly sales prices were down a bit compared with the previous two months, much of that was due to the past few months being impacted by the sales of recently completed townhomes.  To view the current homes for sale visit our MLS listings page.

MLS# Type   Address  Price  Bed/Bath Year Sq Feet
IN14262856 CONDO/A 770 W Imperial AV #38  $319,999 2/2,0,0,0 1966/ASR 999/A
SB14201445 CONDO/A 900 Cedar ST #205  $460,000 2/2,0,0,0 1978/ASR 1177/A
SB14218385 CONDO/A 818 Main ST #202  $525,000 2/2,0,0,0 1979/ASR 1406/A
PW14257062 SFR/D 317 E Mariposa AV  $645,000 2/1,0,0,0 1947/ASR 801/A
14799167 SFR/D 936 Eucalyptus DR  $814,200 3/2,0,0,0 1961 1444/A
SB15015265 SFR/D 711 W Acacia AV  $822,000 4/2,0,0,0 1966/ASR 1705/A
SB14224624 SFR/D 715 W Acacia  $835,000 4/1,1,0,0 1966/APP 2152/A
14792109 SFR 702 Hillcrest ST  $895,000 3/2,0,0,0 1955 1669
IG15012102 SFR/D 436 California ST  $915,000 3/1,0,1,0 1954/ASR 1131/A
SB14255826 SFR/D 808 California ST  $ 1,180,000 3/1,1,0,0 1958/ASR 1640/A

To see the homes sold in El Segundo in other months, or to see neighboring cities home sales visit our recent sales page.

Is El Segundo Ready for $2.0M+ homes?

By Keith Kyle

El Segundo is a fantastic little town that has a small town feel that most areas can’t duplicate.  While there are an abundance of townhomes and condos, the bulk of the homes are some version of the original beach bungalow.  Many have been nicely updated and expanded while some are in fairly original condition.

Unlike neighboring Manhattan Beach, El Segundo hasn’t seen quite the same building boom creating oversized luxury homes and there are several reasons.  The primary reason is that values, while having gone up considerably in the past 2 years, haven’t rocketed upwards to the same extent and builders eager to build high end luxury properties may not see the margins and are searching elsewhere.

View the current homes for sale in El Segundo priced over $2,000,000

So will El Segundo see an increase in luxury $2,000,000 homes?  It still appears unlikely other than the rare case of a truly special home on an oversized lot in an A+ location.  There will be a limited amount of homeowners that simply love El Segundo that build their dream house and at some point those homes will be sold, but it’s very unlikely we’ll see too many luxury spec homes built as the cost of lots/tear down homes, plus the cost of building makes for a challenging investment.

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Welcome

Welcome to real estate in the South Bay and El Segundo.  We hope that we are your one source for everything real estate in El Segundo.  From free home search, to MLS access to information on this charming city.

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