It was a solid month for home sales in the South Bay city of El Segundo in May 2023.
There were 7 homes closing escrow during the month at a median sales price of $978,000. Homes averaged only 27 days on market before selling and the average price per square foot was an impressive $845.
The real estate market in El Segundo picked up in May with 7 sold homes but that was a dramatic improvement over the first few months of the year.
The average “list” price was $1,065,286 with the average sold price at $1,027,981 compared to $1,705,340 in April
The average price per foot for sold homes was $872 and homes averaged a very brief 27 days on market before going into pending status.
See how that compares with other months on our El Segundo real estate trends and statistics page.
The lowest priced sale of the month was a 2 bedroom condo at 770 W Imperial in the Pacific Sands condo complex that sold at $610,000.
| Type | Address | Price | $ Per Foot | Bed/ Bath | Sq Feet | Age | |
| CONDO/A | 770 W | Imperial #16 | $610,000 | $612 | 2/1,0,0,0 | 997/A | 1966/ASR |
| CONDO/A | 945 | Pepper ST #109 | $675,000 | $574 | 2/2,0,0,0 | 1175/A | 1982/ASR |
| CONDO/A | 1373 E | Grand AVE #B | $950,000 | $701 | 3/3,0,0,0 | 1356/A | 1989/ASR |
| SFR/D | 521 | Irene CT | $977,870 | $1,069 | 3/1,0,0,0 | 915/A | 1920/PUB |
| SFR/D | 517 E | Walnut AVE | $1,098,000 | $1,064 | 3/1,0,0,0 | 1032/A | 1948/ASR |
| TWNHS | 1448 | Elin Pointe DR | $1,435,000 | $727 | 3/2,0,1,0 | 1973/ | 2004 |
| SFR | 715 | Hillcrest ST | $1,450,000 | $1,360 | 2/1,0,0,0 | 1066/A | 1952/ASR |
In an area where there is simply no space for “new” communities, it’s very rare indeed to see a new neighborhood pop up. El Segundo is seeing just that with Pacific Landing from Emerald Homes and D.R. Horton. Pacific landing consists of 24 single family homes ranging from the high $1.6Ms to the high $1.8Ms. The homes will all be slightly under 3,000 square feet with all being 4 bedroom and either 3 1/2 or 4 1/2 baths.
Request more information on the homes in Pacific Landing
Located near 919 Camber Lane, the community of Pacific Landing is located in charming El Segundo. El Segundo offers a great community feel with it’s Main Street area of shops and restaurants, multiple parks, Dockweiler State Beach and award winning schools. As it’s the furthest north town in the South Bay, it’s also ideal for commuters and cut as much as 45 minutes off a drive each way.
See the new construction homes for sale at Pacific Landing and Waypointe Townhomes
By Keith Kyle
If you need any evidence that prices are sky high in El Segundo just look towards the luxury market. It wasn’t long ago that we wrote a post on whether El Segundo was ready for $2,000,000 homes and it seems that it’s relatively commonplace just 12 months later. As of July 17th there are 3 single family homes in El Segundo priced over $2,000,000. In the nearby luxury real estate markets of Manhattan Beach and Hermosa Beach this wouldn’t be unusual but in El Segundo it’s fairly unbelievabe. It’s certainly due, in part, to many buyers being priced out of the South Bay and their money goes much further in El Segundo. In addition there is a pending sale and 4 closed sales in 2016 priced over the formerly unheard of $2.0M mark.
In 2016 we’ve seen 4 $2.0M+ homes plus the one home in currently in escrow (as of 7/16/16)
*Statistics based on MLS sales of single family homes.
By Keith Kyle
The December numbers are in and if there was any thought that the real estate market in El Segundo was leveling the numbers certainly say otherwise.
The average home price in El Segundo for the homes that closed escrow during December was $1,023,000 with a median price of $999,000. Those are big numbers that still shows no sign of slowing or reversing. See the chart below for the December home sales numbers for El Segundo and the South Bay for December of 2015.
| City | HomesSold | December2015 Median | December2014 Median | Yearover Year % Change |
| Carson | 73 | $360,000 | $365,000 | -1.4% |
| El Segundo | 9 | $999,000 | $735,000 | 35.9% |
| Gardena | 41 | $420,000 | $385,000 | 9.1% |
| Harbor City | 15 | $483,000 | $467,000 | 9.1% |
| Hawthorne homes | 35 | $508,500 | $667,750 | -23.8% |
| Hermosa Beach | 24 | $1,475,000 | $1,360,000 | 8.5% |
| Lawndale | 13 | $420,000 | $415,000 | 1.2% |
| Lomita | 16 | $520,000 | $490,000 | 6.1% |
| Long Beach | 339 | $456,000 | $395,000 | 15.4% |
| Manhattan Beach | 34 | $2,184,000 | $1,689,000 | 29.3% |
| Marina Del Rey | 31 | $905,000 | $759,000 | 19.2% |
| Palos Verdes Estates | 29 | $1,456,000 | $1,150,000 | 26.7% |
| Playa Del Rey | 17 | $605,000 | $482,000 | 25.5% |
| Rancho Palos Verdes | 48 | $1,170,000 | $1,135,000 | 3.1% |
| Redondo Beach | 89 | $836,250 | $770,000 | 7.3% |
| San Pedro | 72 | $517,500 | $492,000 | 5.2% |
| Torrance | 133 | $597,000 | $562,000 | 6.3% |
| Westchester | 34 | $951,000 | $807,500 | 17.8% |
By Keith Kyle
Real estate in the South Bay and specifically El Segundo continues at a pretty torrid pace. Slowly rising inventory should alleviate some of the pressure and we may be heading towards a more balanced market. July was the new high for active homes for sale with 30, topping the year high of 17 in June. Median home price of active listings is $799,000. The primary reason for this significant jump in inventory is due to the two new construction projects at the 100 Block of Walnut and the 900 block of Pepper, a 12 unit project from architect Pat Killen.
Currently there are 14 homes in escrow which is also a considerable jump from the 9 homes in escrow during the month of June.
We are still seeing quite the disparity between the average list prices of homes in El Segundo vs. the average sold home prices. This is primarily due to sellers often listing homes at a “make me move” type price in which they’re looking for something well beyond market values.
