Welcome to our real estate recap for April 2020. It’s just a quick overview of the El Segundo real estate market and what seems to be the trends and indicates where the market is likely to go.
It was pretty clear that the impacts of the coronavirus was definitely felt in April. There were only 3 closed home sales compared with 10 the year earlier. That’s the bad news…..the good news is that other numbers were solid. The median sales price for the month was $993,000 and days on market was only 7 which is pretty incredible. Those numbers should be taken with a grain of salt as 3 homes simply aren’t enough to read too much into. For more on real estate trends and statistics view our detailed market information.