By Keith Kyle
While usually the single family homes for sale in El Segundo are limited at best, today was a big day by El Segundo standards. Four new home listings hit the market today and the other big news is that all four were listed over $1,000,000. Most months the median home prices in El Segundo are below $1,000,000 so it’s impressive to see everything hit the market at this price point.
Tell us just a little bit about your home and what makes it unique and special and we’ll put together a free comparative market analysis to give you the value of your El Segundo home in today’s real estate market.
We will use the very latest sales data including current listings, pending sales and closed sales and how your home compares with them to get you an accurate assessement of your homes value.
Simply type in your address to get an estimate of your homes current value. This is our quick home value tool that uses sales information. While not as acurate as an appraisal or CMA it can be helpful to give a rough idea of value.
By Keith Kyle
We are so fortunate to have worked with so many wonderful people and in such a great area. It just doesn’t get much better. See the map below to view all of our local home sales. Although we specialize in El Segundo and and the South Bay, we have been lucky enough to sell throughout the area, from Santa Monica to Huntington Beach. Many of these were first time buyers and are now happy homeowners. Click on the marks to see pictures of the various homes and properties.
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% |
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.
El Segundo doesn’t generally see too many open houses as home inventory is
down and it’s a fairly small town with few homes for sale in the best of markets. This weekend sees more than usual with several advertised open houses. See the list below for El Segundo and the South Bay. If you’re seeing this post after the September dates please visit our South Bay open houses site for updated homes for sale and schedules.
