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.
The good news for buyers is that the inventory of unsold homes in El Segundo is going up while the number of homes that are selling and closing escrow are going down. The number of active listings has gone up every month this year from 7 in January, 10 in February, 14 in March and 19 in April. The number of closed sales has dropped however from 13 in January, to 7 in February, 6 in March and only 3 in April. May may be on a recovery track with 6 closed escrow.
**Please note that this post is older from 2020. Here’s are home quarantine version of our market snapshot. It’s just a quick overview of what’s happening in the El Segundo real estate market. For more on real estate trends and statistics view our detailed market information.
**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.
Congratulation to our wonderful clients in El Segundo on the sale of their beautiful home. We’re happy to announce our latest home sale and so happy that our clients put their trust in us. There are not all that many $2M+ home sales in El Segundo but this was one that was well worth it. The owners did a fantastic job of keeping it in near perfect condition and selling it was a dream. Their designer eye made the home look like it was professionally staged. Congratulations! View the current homes for sale in El Segundo.
