Can An El Segundo Home Sell for Almost $4,000,000? 650 W Maple Tests the Luxury Market
650 W Maple, El Segundo - $3,785,000
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.
slowdown, there is still a constant flow of homes being listed for sale and deals being put together. The California Association of Realtors pushed Gavin Newsom to establish real estate as an essential business in the midst of this pandemic. So, while we are definitely in strange and unchartered times, the business of real estate continues to move forward.
during a usually active month. The lowest priced sale of the month was located at as usual as it’s a larger complex and usually the the least expensive condo building in the area. The median asking price in March was $1,124,250 and the median sold price was $1,012,500 which may be an indicator that the current “sellers” market may be shifting a bit. The average price per foot for the month was $517. Average days on market was 55 but the median days on market was an impressive 9 days.