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.
By Keith Kyle
El Segundo, CA and the South Bay saw another strong month for home prices although a few cities saw big percentage drops in average home prices. Those numbers, especially in smaller cities, or in a month with fewer home sales, don’t really mean much, but taken over times gives a good indication as to what is happening in the local El Segundo real estate market.
El Segundo had a fairly typical month with 11 home sales, but prices topped $1.1M which is pretty rare in this coastal community.
| City | Homes Sold |
February 2016 Median |
February 2015 Median |
Year over Year % Change% |
| Carson | 38 | $420,000 | $395,000 | 6.2% |
| El Segundo | 11 | $1,109,000 | $815,000 | 36% |
| Gardena | 38 | $410,750 | $334,000 | 23% |
| Harbor City | 10 | $527,500 | $393,000 | 34.2% |
| Hawthorne | 30 | $483,000 | $450,000 | 7.4% |
| Hermosa Beach | 17 | $1,225,000 | $1,512,500 | -19% |
| Lawndale | 8 | $431,000 | $415,000 | 3.9% |
| Lomita | 11 | %505,000 | $326,000 | 55% |
| Long Beach | 238 | $461,000 | $409,000 | 12.7% |
| Manhattan Beach | 22 | $1,795,000 | $2,361,000 | -24% |
| Marina Del Rey | 25 | $864,000 | $1,335,000 | -35% |
| Palos Verdes Estates | 33 | $1,403,000 | $1,300,000 | 7.9% |
| Playa Del Rey | 10 | $626,000 | $710,750 | 6.9% |
| Rancho Palos Verdes | 26 | $1,110,000 | $1,039,000 | 6.9% |
| Redondo Beach | 45 | $869,750 | $812,000 | 7.1% |
| San Pedro | 33 | $505,000 | $416,000 | 21.4% |
| Torrance | 85 | $565,000 | $544,000 | 4% |
| Westchester | 21 | $917,000 | $820,000 | 11.8% |
By Keith Kyle
The January home sales numbers are in and the median home prices for El Segundo in January was a whopping $1,074,000. Although the market is certainly continuing to rise the jump of almost 35% was due mainly to the types of homes that closed in January. Unlike previous months the bulk of the homes that sold were larger single family homes on large lots, and multi unit properties. The highest sales price was for 802 Center Street which closed at $2,150, 000 which is a very large number for this coastal community. It wasn’t long ago that home sales in El Segundo approaching $2.0M was fairly unheard of. Click here to view the home sales in El Segundo and South Bay for January 2016.
| City | Homes Sold |
January 2016 Median |
January 2015 Median |
Year over Year % Change% |
| Carson | 27 | $415,000 | $385,000 | 7.8% |
| El Segundo | 8 | $1,074,500 | $799,000 | 34.5% |
| Gardena | 28 | $471,000 | $399,000 | 18% |
| Harbor City | 13 | $500,000 | $454,000 | 10.1% |
| Hawthorne | 33 | $457,000 | $500,000 | -8.5% |
| Hermosa Beach | 10 | $1,783,500 | $1,680,000 | 6.2% |
| Lawndale | 9 | $450,000 | $430,000 | 4.7% |
| Lomita | 12 | $420,000 | $365,000 | 15.1% |
| Long Beach | 241 | $425,000 | $406,000 | 4.7% |
| Manhattan Beach | 22 | $1,760,000 | $1,675,000 | 5.1% |
| Marina Del Rey | 16 | $1497,000 | $855,000 | 75.1% |
| Palos Verdes Estates | 19 | $1,272,000 | $1,251,000 | 1.7% |
| Playa Del Rey | 10 | $574,000 | $527,000 | 9.0% |
| Rancho Palos Verdes | 38 | $900,000 | $1,015,000 | -11.3% |
| Redondo Beach | 66 | $885,000 | $802,000 | 10.3% |
| San Pedro | 47 | $465,000 | $450,000 | 3.4% |
| Torrance | 83 | $632,000 | $617,000 | 2.3% |
| Westchester | 22 | $880,000 | $900,000 | -2.2% |
By Keith Kyle
We’re happy to announce our latest sale at 5404 W 149th Place in Fusion South Bay. We represented the sellers of this beautiful “A” floorplan condo in one of the South Bay’s only newer construction gated communities. The combination of a very nice condo with a number of upgrades and our staging made the home shine. With 7 offers, almost all over asking price, this was definitely a winner. The real estate market in Fusion South Bay couldn’t be hotter with any and all new listing selling immediately and some even selling before it hit the market.
Congratulations to our client Peter for the quick sale of his beautiful home at the impressive price of $547,000.
By Keith Kyle
To anyone keeping up with the El Segundo real estate market, it should come as no surprise that home values just keep going up. The median home prices and list prices have continued to rise although the average home sales prices has been somewhat stagnant. Click to view all of the latest market trends in El Segundo. To see the recent home sales in El Segundo click here.
Coming to the market in early November, this beautifully updated condo offers the perfect combination of newer construction, active lifestyle, ideal location and affordable price. Located at 5404 149th Place #11 in the Hollyglen area of Hawthorne, this upgraded condo offers gleaming hardwood floors, granite countertops, in unit laundry, stainless appliances and an oversized patio. With 2 bedrooms and 2 bathrooms, each on a different level, this is ideal for a multitude of lifestyles. See information and floorplan of Fusion South Bay “A” unit.
Fusion at South Bay is one of the few newer construction gated communities in the South Bay and is ideally located just across the street from Manhattan Beach. Enjoy the community pool and spa, the basketball court, small park or take a short 5 minute drive to the beach. Fusion is also located in the Hollyglen neighborhood with students attending the award winning Wiseburn School District
Contact listing agent Keith Kyle for more information or a sneak preview.
Keith Kyle – Top Producer, Realtor
Vista Sotheby’s International Realty
2501 N Sepulveda, Manhattan Beach CA 90266
