Luxury living room - 1510 E Oak El Segundo

June 2020 Home Sales and House Prices in El Segundo

June was a solid month for home sales and home prices in El Segundo.  The 13 home sales was the most since November.  The median “list” price for the homes that sold was $1,249,000 with the median price they actually “sold” for was $1,325,000 which was impressive to say the least. That huge gap means most homes sold for well over their list price and certainly indicates a sellers market. The average price per foot was $719.17 and the average days on market was a very low 31.  To see how these numbers compare with other months see our lates real estate recap post for homes in El Segundo.

Current homes for sale in El Segundo

June 2020 Home Sales and Homes Prices

MLS #
Type
 
Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year
TR20047327
TWNHS/A
1630 E
Palm AVE   #10
$840,000
$609.58
3/2,0,1,0
1378/A
1991/PUB
20571518
CONDO
535 E
WALNUT AVE   #B
$845,088
$528.18
2/2,0,1,0
1600/A
1989
SB20085408
TWNHS/A
328 E
Imperial AVE   #6
$900,000
$507.61
3/2,0,1,0
1773/A
2004/ASR
SW20067973
TWNHS/A
544 E
Imperial AVE  
$970,000
$551.76
3/3,0,1,0
1758/B
2018/BLD
SB20081693
SFR/D
653 W
ACACIA   W
$1,000,000
$692.04
3/2,0,0,0
1445/A
1948/ASR
SB20056294
SFR/D
715
Hillcrest ST  
$1,045,000
$980.30
2/1,0,0,0
1066/A
1952/ASR
SB20068665
DPLX/A
904
Sheldon ST  
$1,325,000
$791.52
3/2,0,0,0
1674/P
1940/PUB
SB20100295
SFR/D
1230 E
Pine AVE  
$1,349,000
$944.68
3/1,1,0,0
1428/A
1950/ASR
SB20059801
SFR/D
203 W
Walnut AVE  
$1,357,000
$1,043.85
3/2,0,0,0
1300/B
1950/ASR
SFR/D
218 E
Mariposa AVE  
$1,363,000
$668.46
3/2,1,1,0
2039/T
1990/ASR
SB20062161
SFR/D
929
McCarthy CT  
$1,504,000
$586.81
5/3,0,2,0
2563/A
1952/ASR
SB20076081
DPLX/D
742
Loma Vista ST  
$1,559,000
$761.23
5/3,0,0,0
2048/P
1957/PUB
SB20078133
SFR/D
729 W
Pine AVE  
$1,965,000
$683.24
5/2,2,0,0
2876/A
1950/ASR

Real Estate Recap – June Real Estate Trends in El Segundo CA

El Segundo saw a very nice rebound after a few slower months in April and May.  The 13 closed home sales was the most since January and a big jump from the 6 home sales in May and only 3 in April.  Pending home sales have really gone up quickly as well from 3 in March, to 4 in April, 11 in May and all the way up to 17 in June.

View the current homes for sale in El Segundo.

The chart below shows active listings (light green bar) pending home sales (red line) and closed home sales (dark green bar)

May 2020 Home Sales and Home Prices in El Segundo

El Segundo Real Estate Update - May Home Sales

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.

May Home Sales in El Segundo

 

MLS#
Type
 Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year
Sold Date
SB20017258
CONDO/A
815Main ST   #302
$699,000
$610.48
2/2,0,0,0
1145/A
1983/ASR
5/15/2020
20564678
SFR
815PENN ST  
$1,099,000
$981.25
2/2,0,0,0
1120/
1962
5/19/2020
SB20104028
SFR/D
840Hillcrest ST  
$1,115,000
$879.34
3/2,0,0,0
1268/A
1950/ASR
5/31/2020
SB20026224
TWNHS/A
548 EImperial AVE  
$1,150,000
$584.05
3/3,0,1,0
1969/B
2019/SLR
5/12/2020
SB20032247
SFR/D
837Virginia ST  
$1,950,000
$695.68
3/4,0,0,0
2803/S
1918/ASR
5/15/2020
SB20102866
SFR/D
709 EPine AVE  
$2,509,200
$721.66
5/2,2,1,0
3477/B
2020/BLD
5/29/2020

By the Numbers – El Segundo Home Sales and Home Prices for April 2020

April 2020 Home Sales and Real Estate Stats

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 AVE   #47
$590,000
$500.00
2/1,0,1,0
1180/A
1966/ASR
TWNHS/A
305
Kansas ST   #B
$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
832 Penn in El Segundo

Only 2 Homes Have Ever Been Priced over $3,500,000 in El Segundo

Can El Segundo Handle the high End Luxury Market?

**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.

El Segundo luxury homes

The Two highest priced homes on the MLS in El Segundo are both currently on the market.

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