Pacific Landing – New Single Family Home Community in El Segundo CA

In an area where there is simply no space for “new” communities, it’s very rare indeed to see a new neighborhood pop up. El Segundo is seeing just that with Pacific Landing from Emerald Homes and D.R. Horton. Pacific landing consists of 24 single family homes ranging from the high $1.6Ms to the high $1.8Ms. The homes will all be slightly under 3,000 square feet with all being 4 bedroom and either 3 1/2 or 4 1/2 baths.

Request more information on the homes in Pacific Landing

Located near 919 Camber Lane, the community of Pacific Landing is located in charming El Segundo.  El Segundo offers a great community feel with it’s Main Street area of shops and restaurants, multiple parks, Dockweiler State Beach and award winning schools.  As it’s the furthest north town in the South Bay, it’s also ideal for commuters and cut as much as 45 minutes off a drive each way.

Pacific Landing in El Segundo

Are We Seeing the El Segundo Real Estate Market Starting to Shift?

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.

What Do Home Buyers Look for in a Neighborhood

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.

New Construction Powers October Home Prices in El Segundo

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.

See the current El Segundo homes for sale

October 2018 Home Sales

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.

Places We Like – El Segundo Brewing Company

If you like craft beer and the feeling that you’re in a “locals” type place, you may want to visit the El Segundo Brewing Company tap room.    It’s not a fancy place but has that cool vibe that you’ve found something that the tourists don’t know about.  As it’s a working brewery it’s just a small area with a bar and a few small tables basically in what was probably a loading dock at some point.  They have a great variety of beers and the people are very friendly.

They usually have between 15-20 beers on tap and are open 7 days a week.  We’ve only been in the evenings but there always seems to be a healthy amount of people without being too crowded.  If a casual off the beaten track experience is what you’re looking for…this could be your place.

El Segundo Brewing Company
140 Main Street  El Segundo, CA 90245   (310) 529-3882

November 2017 Median Home Prices in El Segundo CA

November 2017 was a solid month for home sales in El Segundo.  There were 19 sold homes in the month at a median home price of $875,000 which was a 5.4% drop from the same month a year earlier.  To see the sold homes in El Segundo visit our recent home sales page.

City Homes Sold November 2017 Median November 2016 Median Year over Year % Change%
Carson 58 $495,000 $455,000 8.8%
El Segundo 19 $875,000 $925,000 -5.4%
Gardena 43 $545,000 $490,000 11.2%
Harbor City 17 $510,000 $415,000 23%
Hawthorne 50 $578,000 $540,000 6.9%
Hermosa Beach 21 $1,414,000 $2,038,000 -30.6%
Lawndale 21 $404,000 $411,000 23%
Lomita 17 $575,000 $580,000 -.9%
Long Beach 322 $525,000 $475,000 10.5%
Manhattan Beach 28 $2,875,000 $2,250,000 27.8%
Marina Del Rey 35 $979,000 $1,150,000 -14.9%
Palos Verdes Estates 30 $1,600,000 $1,825,000 -12.3%
Playa Del Rey 16 $665,000 $635,000 4.8%
Rancho Palos Verdes 47 $1,265,000 $1,250,000 1.2%
Redondo Beach 72 $1,105,000 $878,000 25.8%
San Pedro 69 $530000 $588,000 -9.8%
Torrance 127 $675,000 $632,000 6.9%
Westchester 38 $1,089,000 $1,050,000 3.7%

Happy Holidays from El Segundo Real Estate

From our family to yours we wish you a very Merry Christmas and Happy Holiday season. El Segundo, with it’s small town charm, is a fantastic place to enjoy the holidays. There are numerous events in downtown El Segundo as well as the neighboring South Bay cities of Hermosa, Manhattan, Redondo and Torrance.

Happy Thanksgiving from El Segundo MLS

From our family to yours….we wish you a very happy Thanksgiving

El Segundo and South Bay Open Houses

Take a look at the list below to see this weeks open houses in El Segundo and the South Bay