El Camino Village Real Estate…Hot But Not

The area of Gardena and Lawndale known as El Camino Village has long been a fantastic option for buyers, especially first time home buyers, feeling priced out of many of the family friendly neighborhoods of Redondo Beach and Torrance. The good news is that although prices are going up, they’re still well below other similar areas….the bad news is that there just are no homes available. At the moment there is one home available with 12 pending home sales.  On first look that is an absolutely stunning ratio but it is a bit misleading.  Of the 12 homes 11 are short sales and the other is a flip meaning some of these homes have shown pending status for a very long time.  What looks to be an ultra hot market isn’t quite as active as it appears with an average days on market of 144.  Bottom line in this great area is that it is a great opportunity with the short sale opportunities, but with almost no active inventory and future home for sale likely won’t last long.  See below for the current El Camino Village homes for sale.

ML# Status   Address City  Price  Br/Ba YrBlt Sqft SType
SB12131049 Active 15234 Cerise AV  GR  $  369,000 3/1,0,0,0 1947/ASR 1206 STD
Y1203732 Pending 3242 154 ST  GR  $ 339,500 2/1,0,0,0 1943/SEE 1282 SPAY
S12112360 Pending 15612 Florwood AV  LAWN  $345,000 3/1,0,0,0 1952/ASR 1024 SPAY
P701480 Pending 15532 FAYSMITH AV  GR  $ 349,000 3/1,0,0,0 1947/ASR 1001 SPAY
SW12126917 Pending 15516 Florwood AV  LAWN  $425,000 3/2,0,0,0 1952/ASR 1500 SPAY
R1204800 Pending 15609 FALDA AV  GR  $438,900 3/1,0,1,0 1951/ASR 1446
Y1202217 Pending 15607 CERISE AV  GR  $345,000 3/1,0,0,0 1947/ASR 1078 SPAY
S12095612 Pending 15527 Lemoli AV  GR  $299,000 3/1,0,0,0 1946/ASR 1026 SPAY
S694642 Pending 3728 MARINE AV  LAWN  $300,000 3/1,0,0,0 1951/ASR 1106 SPAY
V11033751 Pending 3163 152nd PL  GR  $310,000 2/1,0,0,0 1943/ASR 975 SPAY
S12099784 Pending 15533 Patronella AV  GR  $330,000 4/2,0,0,0 1947/APP 1224 NOD, SPAY
R1104644 Pending 3619 152ND ST  LAWN  $395,000 4/2,0,0,0 1953/ASR 1435 SPAY
P805852 Pending 3222 152ND PL  GR  $325,000 3/2,0,0,0 1944/ASR 1462 SPAY
12010128 Pending 3238 152ND PL W GR  $ 225,000 2/1,0,0,0 1943/ASR 846 SPAY

Below chart shows the recent statistics for the pending sales in El Camino Village. Keep in mind that these are not closed sales and prices only reflect “list” price and not the actual sales price.