What’s in a home value? It’s common knowledge that location, schools, safety and comparable properties are some of the main items that impact a home’s value. But there are other, smaller factors that also influence a homes value.
El Segundo saw a pretty typical and solid month finishing out 2017. The median home price was $966,000 which was a slight drop from $985,000 in December of 2016. There were 11 homes sold during the month which is slightly lower than normal but not unusal for December. Click here to see the current homes for sale in El Segundo or view our recent home sales in El Segundo
| City | Homes Sold | December 2017 Median | December 2016 Median | Year over Year % Change% |
| Carson | 47 | $486,000 | $451,000 | 7.8% |
| El Segundo | 11 | $966,000 | $985,000 | -2% |
| Gardena | 65 | $515,00 | $465,000 | 10.8% |
| Harbor City | 17 | $572,000 | $621,000 | -7.9% |
| Hawthorne | 30 | $545,000 | $555,000 | -1.9% |
| Hermosa Beach | 15 | $2,003,000 | $1,440,000 | 39.1% |
| Lawndale | 12 | $448,000 | $510,000 | -12.3% |
| Lomita | 10 | $595,000 | $519,000 | 14.5% |
| Long Beach | 284 | $497,000 | $465,000 | 6.9% |
| Manhattan Beach | 36 | $2,250,000 | $1,790,000 | 25.7% |
| Marina Del Rey | 31 | $1,075,000 | $841,000 | 27.9% |
| Palos Verdes Estates | 27 | $1,342,000 | $1,599,000 | -16.1% |
| Playa Del Rey | 9 | $612,000 | $588,000 | 4.2% |
| Rancho Palos Verdes | 58 | $1,050,000 | $1,170,000 | -10.3% |
| Redondo Beach | 78 | $1,018,000 | $987,000 | 3.1% |
| San Pedro | 58 | $485,000 | $515,000 | -5.8% |
| Torrance | 111 | $670,000 | $650,000 | 3.1% |
| Westchester | 38 | $1,005,000 | $985,000 | 2% |
The recent listing at 425 West Oak in El Segundo is in some rarified air pushing the elusive $3,000,000 price barrier. It will be a good home to keep an eye on to see if El Segundo can achieve a price point more common in the neighboring Manhattan Beach luxury real estate market. The home at 425 West Oak is brand new construction with a modern design and sitting on a well appointed 8000+ square foot lot. With 5 bedrooms and 4000 feet it is definitely a home to rival new construction in Manhattan and Hermosa Beach.
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% |
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.
El Segundo saw a very slight year over year price decrease in May with 12 homes sold this month at a median price of around $803,000 This was a fairly typical month in El Segundo both in terms of the number of homes sold and the median home prices. Click here to see the homes sold in El Segundo for May of 2016.
| City | Homes Sold |
May 2016 Median |
May 2015 Median |
Year over Year % Change% |
| Carson | 57 | $453,000 | $410,000 | 10.4% |
| El Segundo | 12 | $803,000 | $804,000 | -.1% |
| Gardena | 47 | $425,000 | $405,000 | 4.9% |
| Harbor City | 26 | $439,000 | $415,000 | 5.8% |
| Hawthorne | 39 | $485,000 | $525,000 | -7.7% |
| Hermosa Beach | 21 | $1,285,000 | $1,450,000 | -11.4% |
| Lawndale | 14 | $455,000 | $431,000 | 5.6% |
| Lomita | 15 | $488,000 | $509,000 | -4.1% |
| Long Beach | 349 | $485,000 | $433,000 | 11.9% |
| Manhattan Beach | 48 | $1,875,000 | $2,239,000 | -16.2% |
| Marina Del Rey | 31 | $925,000 | $918,000 | .8% |
| Palos Verdes Estates | 55 | $1,499,000 | $1,515,000 | -1.1% |
| Playa Del Rey | 24 | $560,000 | $615,000 | -8.9% |
| Rancho Palos Verdes | 58 | $1,060,000 | $1,100,000 | -3.6% |
| Redondo Beach | 96 | $950,000 | $845,000 | 12.5% |
| San Pedro | 66 | $489,000 | $449,000 | 8.8% |
| Torrance | 138 | $593,000 | $579,000 | 2.4% |
| Westchester | 30 | $1,130,000 | $900,000 | 25.6% |
