El Segundo and South Bay Open Houses
Take a look at the list below to see this weeks open houses in El Segundo and the South Bay
Category: Communities
Big Ups and Big Downs in the South Bay Real Estate Market
What a crazy month July was in the South Bay. The year over year % changes in median home prices were drastic in
many cases with some cities seeing huge increases while others saw major drops. Unfortunately real estate in El Segundo CA was on the losing end with median home prices being almost 20% lower than they had been in July of 2016. One of the reasons was the rash of newer, and more expensive, construction a year ago somewhat artificially inflating prices. El Segundo saw a high number of homes close escrow with 20 sold homes in July at a median home price of just under $1,055,000. While that’s considerably lower than the previous July, that is still a very big number in El Segundo. Click here to see the recent home sales in El Segundo and the South Bay.
| City | Homes Sold | July 2017 Median | July 2016 Median | Year over Year % Change% |
| Carson | 60 | $480,000 | $445,000 | 8% |
| El Segundo | 20 | $1,055,000 | $1,310,000 | -19.5% |
| Gardena | 65 | $549,000 | $454,000 | 21% |
| Harbor City | 15 | $439,000 | $550,000 | -20.2% |
| Hawthorne | 35 | $730,000 | $562,000 | 30% |
| Hermosa Beach | 19 | $2,025,000 | $1,410,000 | 43.6% |
| Lawndale | 15 | $515,000 | $430,000 | 19.8% |
| Lomita | 21 | $598,000 | $585,000 | 2.1% |
| Long Beach | 331 | $520,000 | $471,500 | 10.3% |
| Manhattan Beach | 48 | $2,449,000 | $2,200,000 | 11.3% |
| Marina Del Rey | 36 | $921,000 | $974,000 | -5.4% |
| Palos Verdes Estates | 28 | $1558,000 | $1,800,000 | -13.4% |
| Playa Del Rey | 20 | $613,000 | $629,000 | -2.5% |
| Rancho Palos Verdes | 63 | $1,345,000 | $1,160,000 | 15.9% |
| Redondo Beach | 95 | $975,000 | $920,000 | 6% |
| San Pedro | 63 | $542,000 | $542,000 | 0% |
| Torrance | 113 | $687,000 | $617,000 | 11.4% |
| Westchester | 33 | $1,185,000 | $1,116,000 | 6.2% |
Why Days on Market Can Be Misleading on El Segundo Homes
By Keith Kyle
I’m sure most MLS systems are different but here in the South Bay the days on market on the CRMLS can be a bit misleading. Many buyer and agents use days on market as a negotiating tool….the longer the home has been on the market, the more leverage the buyer has to come in low or negotiate other favorable terms.
The problem is that days on market doesn’t always indicate just how long the home has been available and is not necessarily indicative of “active” status. As realtors when our clients accept an offer we have the option of changing the status to “pending” or “active under contract”. Pending stops the days on market from accruing, but active under contract does not. A home can go into escrow on day one, change the status to active under contract (again meaning it’s in escrow) and if it falls out of escrow 20 days later the days on market for the home will show 20. It’s very misleading as the home has not been available for those 20 days and now puts the seller and listing agent at a disadvantage…..even though it sold the first day.
The other aspect that leads to misinformation is that with this days on market accruing on many home, it does not allow for an accurate picture of the market. For instance a certain area of town or city itself may show an average days on market for a certain month to be one thing….when many of those homes were not actually available. It may show days on market at 45 when the reality is that the homes in the community actually go into escrow after 30.
It’s a problem that needs to be addressed as it can change perceptions….both on an individual home and the market in general.
El Segundo CA Home Sales and Prices for November 2016
By Keith Kyle
El Segundo posted some solid home sales numbers in November 2016 with 14 homes selling at a median price of just over $816,000. Although this was a dramatic 30% drop from November 2015 it was representative of a solid month. The prior November was an extreme exception as median prices of over $1,000,000 are very rare in this costal community. To see the home sales in El Segundo click here.
| City | Homes Sold |
November 2016 Median |
November 2015 Median |
Year over Year % Change% |
| Carson | 54 | $450,000 | $420,000 | 7% |
| El Segundo | 14 | $816,000 | $1,171,000 | -30.3% |
| Gardena | 44 | $504,000 | $413,000 | 22% |
| Harbor City | 9 | $523,000 | $404,000 | 29.5% |
| Hawthorne | 37 | $575,000 | $520,000 | 10.6% |
| Hermosa Beach | 17 | $1,380,000 | $1,625,000 | -15% |
| Lawndale | 8 | $393,000 | $521,000 | -24.6% |
| Lomita | 6 | $473,000 | $535,000 | -11.6% |
| Long Beach | 298 | $490,000 | $435,000 | 12.6% |
| Manhattan Beach | 38 | $1,863,000 | $1,831,000 | 1.7% |
| Marina Del Rey | 21 | $955,000 | $945,000 | 1.1% |
| Palos Verdes Estates | 25 | $1,550,000 | $1,675,000 | -7.5% |
| Playa Del Rey | 20 | $658,000 | $612,000 | 7.5% |
| Rancho Palos Verdes | 47 | $1,088,000 | $945,000 | 15.1% |
| Redondo Beach | 75 | $900,000 | $855,000 | 5.3% |
| San Pedro | 58 | $515,000 | $485,000 | 6.3% |
| Torrance | 112 | $656,000 | $585,000 | 12.1% |
| Westchester | 32 | $943,000 | $892,000 | 5.7% |
El Segundo – Get Out and Vote!
Whatever your political beliefs and who you are voting for, it’s critical that we all exercise our right to vote. Put your 
address below to view your nearest polling station.
August 2016 Home Sales and Median Prices in El Segundo CA
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% |