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.
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.
