Benefits of Owning a Home in El Segundo

Owning a homel, especiallin in El Segundo, has so many benefits that it’s hard to argue against the merits.  While every owner has different reasons and some are more important to one homeowner than another, there’s no lack of great reasons….

Here are just some of the benefits:

  • Appreciation:  Home values have a welll documented history of going up over time.  While there may be temporary dips in the market, there’s no question that home values go up in the long term.  The increase becomes equity you can benefit from when you refinance or sell.
  • Equity:  Renting has often been compared to paying 100% interest, but when you own a home and a mortgage is in place, a portion of your payment goes towards the principal balance on your loan….meaning each month you own a little bit more outright.  This builds your equity and acts as a savings or retirement account.  When the home value goes up the equity accrues even faster.
  • Happiness.  While some investors might think this is frivolous, you simply can’t understate how important this is.  The feeling of owning your hown home is unlike anything else people own.  It’s yours and it’s simply not the same thing as renting.  You can fix it up, you can spend your time gardening or mowing the lawn, you can fix it up….knowing that….it’s yours.
  • Tax Savings:   Home ownership has long been a goal for buyers and the government alike.  The government rewards homeowners by providing excellent tax benefits.  Interest paid on your mortgage and other home related expenses can often be deducted, there are huge capital gains tax exemptions when you sell (primary residence) and more
  • Education:  Research shos that children of homeowners earn higher test scores and graduate at a higher percentage than those of renters.
  • Community Ties:  People who own rather than rent stay in their homes 4 times longer according to statistics.  This provide and opportuntiy to get to know you neighbors and connect with you neighborhood and local community.

In Escrow – Our Latest Listing in Fusion At South Bay in Hollyglen

Welcome home to this stunning and rare 3 bedroom “J” floorplan in Fusion South Bay. This home was originally a model home & offers upgrades rarely seen in the community. This highly sought after layout offers all living spaces on a single level and the flexible floorplan allows for the layout to adapt to every lifestyle. Bathed in natural light with oversized windows and high ceilings throughout, the home offers a spacious and bright living room with built in entertainment center, recessed lights, custom designed/ fitted carpeting with beautiful tile flooring underneath, plantation shutters and more. Perfect for todays lifestyle, the living room open to both dining room and the the kitchen.

  • Listed for $847,500
  • 3 bedroom, 2 1/2 bath
  • 1,790 sq feet (based on builder specs…buyer to verify)
  • Gated community of Fusion South Bay

The stunning kitchen is the showcase of the home with upgrades throughout…granite counters, stainless appliances, 6 burner Wolf range and a large island perfect for entertaining. With 2 spacious bedrooms plus a beautiful master suite on the same level as the living spaces once inside it can feel more like a single family home. Master suite offers numerours upgrades including ceiling fan (a rare find in Fusion), custom tile work in the bathrooms, walk in closet and more. Additional features of the home include 2 car attached side by side garage, air conditioning and great privacy due to it’s location in Fusion. Fusion is a fantastic gated community with pool, spa, basketball court, playground and more and the Manhattan Beach adjacent location is just a short drive to the beach.  Contact listing agent Keith Kyle  or 310.251.2344 with Vista Sotheby’s International Realty for more info or for a private showing.

July 2018 El Segundo Home Sales

738 Lomita, El Segundo sold at $2,300,000

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

June 2018 El Segundo Home Sales

770 W IMPERIAL Av # 31

  • List / Sold: $475,000 / $480,000 Previous Price: $475,000 
  • 18 days on the market    Sold On 06/13/2018
  • 2 beds, 3 baths    888 sqft     $540.54/sqft    Built in 1966
  • ML# 18327778

770 W Imperial Av # 32

  • List / Sold: $519,000 / $520,000 Previous Price: $519,000
  • 29 days on the market    Sold On 06/13/2018
  • 2 beds, 1 baths    1,116 sqft     $465.95/sqft    Built in 1966
  • ML# SB18082025

1313 E Grand Av # B   

  • List / Sold: $895,000 / $895,000 
  • 2 days on the market    Sold On 06/08/2018 
  • beds, 3 baths    1,356 sqft     $660.03/sqft    Built in 1989
  • ML# SB180273653

303 Kansas St # C

 
  • List / Sold: $1,079,000 / $1,079,000 
  • 13 days on the market    Sold On 06/22/2018
  • 4 beds, 3 baths    2,030 sqft    $531.53/sqft    Built in 2006
  • ML# PV18096002

1107 E Walnut Av  

  • List / Sold: $1,170,000 / $1,170,000
  • Single Family Residence
  • 0 days on the market    Sold On 06/29/2018
  • 2 beds, 1 baths    1,171 sqft    6,253 sqft lot    $999.15/sqft    Built in 1948
  • ML# SB18096139

302 W Maple Av

  • List / Sold: $1,199,000 / $1,178,999 Previous Price: $1,199,000
  • Single Family Residence
  • 19 days on the market    Sold On 06/22/2018
  • 3 beds, 2 baths    1,416 sqft    7,280 sqft lot    $832.63/sqft    Built in 1931
  • ML# SB18098496

706 Virginia St

  • List / Sold: $1,179,000 / $1,200,000 Previous Price: $1,179,000
  • Townhouse
  • 6 days on the market    Sold On 06/26/2018
  • 4 beds, 4 baths    2,230 sqft    $538.12/sqft    Built in 2007
  • ML# SB18116906 

433 W Maple Av

  • List / Sold: $1,325,999 / $1,275,000 Previous Price: $1,325,999
  • Single Family Residence
  • 147 days on the market    Sold On 06/29/2018
  • 3 beds, 2 baths    1,499 sqft  •  $850.57/sqft    Built in 1967
  • ML# PW18024590

909 McCarthy Ct

  • List / Sold: $1,399,900 / $1,300,000 Previous Price: $1,399,900
  • Single Family Residence
  • 19 days on the market    Sold On 06/28/2018
  • 3 beds, 2 baths    2,132 sqft    7,590 sqft lot    $609.76/sqft    Built in 1953
  • ML# SB18087008

539 Penn St

 
  • List / Sold: $1,399,000 / $1,365,000 Previous Price: $1,399,000  
  • Duplex
  • 106 days on the market    Sold On 06/04/2018
  • 5 beds, 2 baths    2,120 sqft    6,002 sqft lot    $643.87/sqft    Built in 1924
  • Consists of two individual homes featuring a unit mix consisting of (1) 2-bed/2-bath and (1) 2-bed/1-bath units with 2,120 SF of total living area.
  • ML# SB18030747

713 E Maple Av

  • List / Sold: $1,499,000 / $1,460,000 Previous Price: $1,499,000
  • Single Family Residence
  • 35 days on the market    Sold On 06/21/2018
  • 3 beds, 3 baths    1,674 sqft    5,799 sqft lot    $872.16/sqft    Built in 1956
  • ML# SB18059236

839 Hillcrest St

  • List / Sold: $1,735,000 / $1,700,000 Previous Price: $1,735,000
  • Single Family Residence
  • 8 days on the market    Sold On 06/22/2018
  • 5 beds, 3 baths    2,919 sqft    5,001 sqft lot    $582.39/sqft    Built in 1978
  • ML# SB18097821

July 2018 Highest Price Home Sale in El Segundo

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.

El Segundo Real Estate Market Statistics

Keep current on what is happening in the El Segundo real estate market with our continually updated trends and statistics. The information below can help make you an informed home buyer or seller and we hope that the information is helpful. Please feel free to contact us for customized information, new home listing alerts in the El Segundo or any questions about the market and homes for sale.

Median Home Prices in El Segundo

Number of Active Listings in El Segundo

Number of Closed Home Sales

Average Price per Square Foot

% of Sales Price Compared to Original List Price

This indicates whether homes are selling above, at or below their listing price and is very helpful to determine whether it is a buyer’s market or a seller’s market.

Some Smaller Factors That Can Affect A Home’s Value

What’s in a home value?  It’s common knowledge that location, schools, safety and comparable properties are some of the main items that impact a home’s value.  But there are other, smaller factors that also influence a homes value.

One Unusual Sale in El Segundo – 928 Eucalyptus

As I tell many clients I can sell any house it’s just a matter of price. The more work it needs to the lower the price but people will buy just about any home, in any condition. Having said that 928 Eucalyptus is an unusual sale at best. The home was under construction and that construction stopped several years ago. The home is framed and at one time would have been ready for some of the finishing work.  At this point, however, it looks more like a haunted house as it’s sat empty and unworked on for years.

The current owner has no blueprints or plans, and most likely the current home will need to be torn down and started over.  Continuing construction is always challenging as many of the items would need to be torn apart and put back together.

Listed at $1,550,000 it’s a tall order but if the construction can be continued where it left off….and that’s unlikely….it’s a very large home and will someday be the property the original owner envisioned.  One challenge is that a lender will not loan on a home like this so any purchase would need to be all cash.  Contact us for more info.

Current El Segundo Homes for Sale

View the current homes for sale in El Segundo or type in the details of your search to see the homes for sale in the areas you’re interested in.

Want an easier way? Tell us a bit about your home search and we’ll email you automatic new listing alerts the moment a home comes on the market that matches your home search. It’s the easiest way to know about new El Segundo homes for sale first.

April 2018’s Big Home Sale in El Segundo – 321 Lomita

April was a solid month in El Segundo real estate with 13 residential properties closing escrow.  The most notable sale of the month was at 321 Lomita.  This was a beautiful newly remodeled single family residence with 5 bedrooms, 5 baths and over 3000 square feet.  While multi-million dollar luxury homes are common in nearby Manhattan Beach, it’s rare to see any homes sell over $2.0M in this small coastal community.  It’s especially rare for a remodeled and expanded home.  It wasn’t all that long ago that we were writing about whether a $2,000,000 sale was possible in El Segundo as that had been an unheard of price tag at one point.  The real estate market has certainly shown that El Segundo buyers are willing to pay over $2.0M for those special homes that come along.  View all of the current homes for sale in El Segundo CA or sign up for free El Segundo home alerts and know about new listings as soon as they become available.