**Please note that this post is older from 2020. Here’s are home quarantine version of our market snapshot. It’s just a quick overview of what’s happening in the El Segundo real estate market. For more on real estate trends and statistics view our detailed market information.
From all of us at El Segundo MLS.com, Keith Kyle Homes and Vista Sotheby’s International Realty we wanted to wish you and yours a happy Cinco De Mayo.
April was a VERY slow month for home sales in El Segundo with only 3 properties closing escrow during the month. The median list price was $1,098,000 with the median sales price of $1,100,000 meaning the three homes basically sold for full price. The average price per foot was $754 and average days on market was 38. View the April 2020 home sales in other South Bay cities as well.
|
Type |
Address |
Price |
$ Per Foot |
Bed/Bath |
Sq Feet |
Year Built |
|
|
CONDO/A |
770 W |
Imperial A |
$590,000 |
$500.00 |
2/1,0,1,0 |
1180/A |
1966/ASR |
|
TWNHS/A |
305 |
Kansas ST |
$1,100,000 |
$541.87 |
3/3,0,0,0 |
2030/A |
2006/PUB |
|
SFR/D |
818 |
Penn ST |
$1,290,000 |
$1,220.44 |
2/1,0,0,0 |
1057/A |
1930/ASR |
Update* This home is currently in escrow
There have only ever been 3 homes on the market in El Segundo priced over $3,000,000 and none have actually sold. Two of them are currently on the market and the home at 728 Mariposa may be the first home ever to sell in this rarified air.
What makes this home so unique is that it sits on a double flag lot. The property currently has a small single level home which will become an ADU for the main home. The main house will be new construction offering 5 bedrooms, 5 baths and almost 4,500 square feet.
Priced at $3,750,000 we’ll update the sales price as soon as it’s released.
**Please note that this is an older post and the information below is from several years ago.
While home prices in neighboring Manhattan Beach often go well into the multi millions, El Segundo is still a far more affordable town to live in. Unlike it’s neighbor to the south, sold home prices in El Segundo average around $1,200,000 with anything over $3,000,000 extremely rare.
There has never been an on market home sale in El Segundo priced over $3,000,000 but that’s likely to change.
There have only been 3 homes ever priced over $3,000,000 and two of them are currently on the market. The home at 650 W Maple is priced at $3,785,000 and the home (property would be more accurate) at 728 W Mariposa is on the market at $3,750,000 and is acautally in escrow. This is a really unique property so doesn’t quite equate to a standard residential sale as it’s a new home under construction on a massive double lot with a main home with 4,200 feet and a guest home/ADU as well.
Just a few years ago we wrote an article on whether El Segundo could sustain a home for sale priced over $2,000,000. A year or two later and the market was tested again with a $3,000,000+ home came on the market. Now we’re really going to see just how much of a luxury market El Segundo can be with 2 homes currently for sale above $3,750,000.
One of those homes is located at 650 Maple. This is a 2020 build with 5 bedrooms, 6 baths and approximately 4,500 square feet of living space*. It sits on a very large 8000+ foot lot and offers modern architecture. One unique element of this home is that it actually has a bit of an ocean view which is a rarity for El Segundo.
