Waypointe, the new construction townhome community in El Segundo, is definitely playing the biggest role in El Segundo real estate at the moment. The townhomes have been released in waves and, at this point there are 5 on market townhomes for sale. Given that there are only 16 properties on the market in all of El Segundo, they are definitely playing a prominent role in the market.
Congratulations to all of the graduates out there in El Segundo and the South Bay.
Welcome to our quick recap for real estate in El Segundo during the month of May. Home sales in the city of El Segundo were way down with only 6 homes that closed escrow compared with 25 in May of 2019. On the other hand, house prices were very impressive with the median home price of $1,420,000. Homes that sold averaged only 19 days on market compared with 62 the year earlier.
View all of the current homes, houses and townhomes for sale in El Segundo CA
May 2020 picked up a little steam in terms of home sales in El Segundo with 6 closed escrows compared with only 3 a month earlier. It was still a dramatic drop from one year earlier with 25 home sales in May of 2019. View a chart of the past 15 months of active listings, pending escrows and closed home sales in El Segundo.
MLS# | Type | Address | Price | $ Per Foot | Bed/Bath | Sq Feet | Year | Sold Date | |
SB20017258 | CONDO/A | 815 | Main ST #302 | $699,000 | $610.48 | 2/2,0,0,0 | 1145/A | 1983/ASR | 5/15/2020 |
20564678 | SFR | 815 | PENN ST | $1,099,000 | $981.25 | 2/2,0,0,0 | 1120/ | 1962 | 5/19/2020 |
SB20104028 | SFR/D | 840 | Hillcrest ST | $1,115,000 | $879.34 | 3/2,0,0,0 | 1268/A | 1950/ASR | 5/31/2020 |
SB20026224 | TWNHS/A | 548 E | Imperial AVE | $1,150,000 | $584.05 | 3/3,0,1,0 | 1969/B | 2019/SLR | 5/12/2020 |
SB20032247 | SFR/D | 837 | Virginia ST | $1,950,000 | $695.68 | 3/4,0,0,0 | 2803/S | 1918/ASR | 5/15/2020 |
SB20102866 | SFR/D | 709 E | Pine AVE | $2,509,200 | $721.66 | 5/2,2,1,0 | 3477/B | 2020/BLD | 5/29/2020 |
In an area where there is simply no space for “new” communities, it’s very rare indeed to see a new neighborhood pop up. El Segundo is seeing just that with Pacific Landing from Emerald Homes and D.R. Horton. Pacific landing consists of 24 single family homes ranging from the high $1.6Ms to the high $1.8Ms. The homes will all be slightly under 3,000 square feet with all being 4 bedroom and either 3 1/2 or 4 1/2 baths.
Request more information on the homes in Pacific Landing
Located near 919 Camber Lane, the community of Pacific Landing is located in charming El Segundo. El Segundo offers a great community feel with it’s Main Street area of shops and restaurants, multiple parks, Dockweiler State Beach and award winning schools. As it’s the furthest north town in the South Bay, it’s also ideal for commuters and cut as much as 45 minutes off a drive each way.
See the new construction homes for sale at Pacific Landing and Waypointe Townhomes
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.
