Recent market indicators are starting to show signs of a changing market in El Segundo. Notably the number of homes selling is on a sharp decline with the number of active listings is at a 12 month high. The chart below shows a month by month representation of the number of closed or recorded home sales. October saw only 8 homes that sold. By itself that wouldn’t mean much as the number of homes that sold can fluctuate greatly in El Segundo.
The chart below shows the number homes for sale with “active” status. October matched the 2018 high mark with 31 active homes for sale. As of November 12 there are 32 homes for sale in El Segundo.
Just as every community is different…..every home buyer is different as well. A recent survey provided some insight into California home buyers. Find out if the coastal community of El Segundo in the famed South Bay has everything you’re looking for in a place to call home.
Here’s some of what home buyers look for when choosing a neighborhood.
25% wanted a home close to friends and family
24% wanted a short commute
20% wanted homes in a specific school district
See the chart below for some other important details when choosing a neighborhood.
Several new construction homes drove the real estate market in October to a very high median price. With 3 homes built in 2018 selling in the month the median home price in El Segundo was $1,595,000 which was well above the norm. October saw 8 sold homes in this coastal community with the lowest priced sale of the month at $503,000 for a 2 bed/2 bath condo on Imperial and the largest sale at $1,914,510 for one of the new construction homes in the brand new community just off of Imperial Highway.
July was a solid month as expected in the El Segundo CA housing market. There were 15 homes sold which is higher than normal. The median list price was $998,000 with a median sold price of $1,020,000. Anytime the median sales price is higher than list price you know it’s a hot “sellers” market. See the current homes for sale in El Segundo.
The top price of the month was a stunning $2,300,000 for 758 Lomita St which is a 5 bedroom, 5 bath custom built (2004) spanish style single family home offering 4,000 square feet on a nice sized 6,482 foot lot.
950 Virginia St # 103
Condominium
List / Sold:
$609,000 / $595,000
117 days on the market • Sold On 07/03/2018
2 beds, 2 baths • 1,191 sqft • 14,124 sqft lot • $499.58/sqft • Built in 1981
ML# OC18019886
738 Main St # 302
Condominium
List / Sold:
$669,000 / $630,000
250 days on the market • Sold On 07/26/2018
2 beds, 2 baths • 1,258 sqft • 13,407 sqft lot • $500.79/sqft • Built in 1979
ML# SB17214397
945 Pepper St # 211
Condominium
List / Sold:
$615,000 / $640,000
9 days on the market • Sold On 07/31/2018
2 beds, 2 baths • 1,175 sqft • 49,819 sqft lot • $544.68/sqft • Built in 1982
ML# SB18136744
935 Main St # 105
Condominium
List / Sold:
$715,000 / $740,000
7 days on the market • Sold On 07/03/2018
2 beds, 2 baths • 1,304 sqft • 20,771 sqft lot • $567.48/sqft • Built in 1981
ML# SB18125619
206 Sheldon St
Townhouse
List / Sold:
$925,000 / $921,000
7 days on the market • Sold On 07/03/2018
4 beds, 3 baths • 1,641 sqft • 7,150 sqft lot • $561.24/sqft • Built in 2009
ML# SB18107265
861 Sheldon St
Single Family Residence
List / Sold:
$995,000 / $1,005,000
24 days on the market • Sold On 07/24/2018
ML# SB18126029
210 Whiting St # G
Townhouse
List / Sold:
$985,000 / $1,017,000
6 days on the market • Sold On 07/12/2018
3 beds, 3 baths • 1,674 sqft • 11,437 sqft lot • $607.53/sqft • Built in 2003
ML# SB18135398
832 Penn St
Single Family Residence
List / Sold:
$999,000 / $1,020,000
0 days on the market • Sold On 07/18/2018
ML# SB18114097
215 Whiting St # 1
Townhouse
List / Sold:
$998,000 / $1,025,000
4 days on the market • Sold On 07/24/2018
3 beds, 4 baths • 1,641 sqft • 17,528 sqft lot • $624.62/sqft • Built in 1992
ML# SB18154425
1537 E PALM Av
Single Family Residence
List / Sold:
$1,099,000 / $1,215,000
10 days on the market • Sold On 07/27/2018
3 beds, 2 baths • 1,471 sqft • 9,493 sqft lot • $825.97/sqft • Built in 1950
ML# 18339304
143 Virginia St
Townhouse
List / Sold:
$1,252,300 / $1,252,300
5 days on the market • Sold On 07/31/2018
3 beds, 3 baths • 1,745 sqft • 5,723 sqft lot • $717.65/sqft • Built in 2018
ML# SB18169073
1423 E Elm Av
Single Family Residence
List / Sold:
$1,399,000 / $1,399,000
2 days on the market • Sold On 07/03/2018
ML# SB18127859
135 Virginia St
Townhouse
List / Sold:
$1,429,000 / $1,429,000
23 days on the market • Sold On 07/19/2018
4 beds, 4 baths • 2,104 sqft • 5,723 sqft lot • $679.18/sqft • Built in 2018
ML# SB18117700
315 E Maple Av
Single Family Residence
List / Sold:
$1,849,000 / $1,800,000
15 days on the market • Sold On 07/31/2018
4 beds, 4 baths • 3,347 sqft • 5,978 sqft lot • $537.80/sqft • Built in 1989
ML# SB18119313
758 Lomita St
Single Family Residence
List / Sold:
$2,300,000 / $2,300,000
1 days on the market • Sold On 07/06/2018
5 beds, 5 baths • 4,000 sqft • 6,482 sqft lot • $575.00/sqft • Built in 2004
ML# SB18148915
It wasn’t long ago that we were wondering if a $2,000,000+ home price was possible in El Segundo. It then became a question of whether $2,000,000 would become a relatively common number. We’ve seen several $2.0M price sales in the past few months.
July saw a big number as well with the sale at 748 Lomita in El Segundo. This was a 2004 built Mediterranean home with 5 bedrooms, 4 1/2 bath and an estimated 4,000 square feet. Priced and sold at $2,300,000 and listed by Lynn O’Neil of Beach City Brokers.
in 2018 selling in the month the median home price in El Segundo was $1,595,000 which was well above the norm. October saw 8 sold homes in this coastal community with the lowest priced sale of the month at $503,000 for a 2 bed/2 bath condo on Imperial and the largest sale at $1,914,510 for one of the new construction homes in the brand new community just off of Imperial Highway.
question of whether $2,000,000 would become a relatively common number. We’ve seen several $2.0M price sales in the past few months.