As there’s just about no undeveloped land, new complexes and communities are very rare. Waypointe offers some nice homes with varying layouts.
and buyers are often those interested in Three Sixty South Bay as well. The homes in this community have been selling fairly well with homes having 5 townhomes sold and an additional 4 in escrow. See below for the current active listings and homes for sale in Waypoint and Pacific Landing (the single family home community next door from the same builder) as well as the recent home sales and pending home sales.
Current Townhomes for Sale in Waypointe and Pacific Landing
We are proud to announce the listing of this beautiful townhome in Three Sixty South Bay. 5553 Coral Drive #105 is a plan 1 in the Townes with perhaps the best location of all of the Townes units. Offering 1,630 *square feet and an extremely flexible layout that offers several multi use rooms to work for any lifestyle. Enter through the front door to a bright and open room perfect as a den, office, library, formal dining room or even a spare bedroom. Just beyond be dazzled by the spacious and open kitchen with gleaming cabinetry, stainless appliances and beautiful countertops. The kitchen island is perfect for entertaining and the rows of additional cabinets make for ample storage. The open living room with direct access to the outdoor deck offers an abundance of natural light with large windows and the overisized room can adapt to a multitude of layouts. The large deck offers the perfect place to sit back, relax and enjoy the cool ocean breezes.
Head up the elegant staircase to dual master suites plus a spacious bonus room. Unlike the 3 bedroom Townes units, the plan 1 offers a much larger master suite with large windows, his and her walk in closets, great light and plenty of space. The master bathroom is a delight with dual sinks, brushed nickel fixtures, spacious shower and more. Seperating the two bedrooms is a area perfect for tv room, play room, office, den or just about anything that fits your lifestyle. The 2nd master suite is open and bright with a spacious layout and walk in closet.
All of this located in Three Sixty……the premier gated community in the South Bay. This fantastic community offers a resort lifestyle with multiple pools, spa, social area and firepit, poolside cabanas, wine room, incredible club house, parks, playgrounds, dog park, sports court and a state of the art fitness center. The community resides in the Hollyglen area and is part of the award winning Wiseburn School District.
In a city that normally sees about 10-12 homes sell in a month, May was really something. El Segundo saw 25 homes sell and close escrow during the month!! The median list price was $1,150,000 with the median sales price of $1,149,000 indicating a very strong sellers market. The lowest price sale of the month was $600,000 for a 2 bedroom condo on Cedar and the high mark for the month was $2,495,000 for a massive 5,400 square foot single family home at 618 Lomita.
The market for new construction is certainly pretty solid with 7 recent sales in the community of Pacific Landing with 2 more single family homes in escrow. Pacific Landing is a community of new single family style homes but D.R. Horton. Located just east of the airport off of Imperial, the homes offer a number of floorplans and styles. Of the 7 homes that have sold the median sales price has been $1,767,624 with an average price per foot of $590. The homes have all been built in 2018 with new homes being built as we speak. The homes were all 4 bedrooms and just under 3,000 square feet.
It’s no real secret that good schools help drive real estate values in certain neighborhoods and communities. That is certainly the case in El Segundo.
Buyers with kids want to be in areas with good schools and that higher demand helps keep values up. El Segundo schools are highly ranked and this award winning school district makes a big difference in the real estate market. Even those without kids greatly benefit from a strong school system. The stronger the schools the more insulated a market is from any downturns. That was very evident in El Segund when home prices drop during the recession and housing crisis, but only a very small amount compared with other local areas that do not have as strong a school system.
A recent CAR study showed that 47% of home buyers said good schools were very importan, 23% said that they were somewhat important, 11% said not very important and 19% said that it was not important at all.
The 19% may not realize just how much of an influence schools play on values and demand. Good elementary schools are often part of a good community and without question most buyers would like to live in a good community.
The El Segundo Unified School District is highly ranked and that creates a very high demand, especially for families thinking of living in this coastal community.
The study also conclued that 43% of consumers age 34 or under believe highly rated schools are very important. 58% of consumers earning more than $100,000 a year think that highly rated schools are very important.
median list price was $1,150,000 with the median sales price of $1,149,000 indicating a very strong sellers market. The lowest price sale of the month was $600,000 for a 2 bedroom condo on Cedar and the high mark for the month was $2,495,000 for a massive 5,400 square foot single family home at 618 Lomita.
