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Stunning home offered at 840 Center Street in El Segundo

El Segundo is primarily a community of beach bungalows and remodeled homes with a very casual feel. Every once in a while a stunning luxury estate property comes on the market and 840 Center Street certainly fits that description. According to listing agent Raju Chhabria:

“Completed in 2010, this custom home designed by Tomaro Design Group is warm and inviting, yet privately secluded. Upon entering the Portico, you will find a secluded courtyard with fire pit, tranquil water feature, detailed architectural lighting, and detached private office. Dramatic 2 story living room with 22ft ceilings, surrounded by windows. See-thru fireplace shared with the open family room. Formal dining room looks out to one of the 3 water features that occupy the property. The gourmet kitchen consists of Thermador appliances, imported marble and granite countertops, large center island with built-in wine and beverage refrigerators, a sizable pantry and a Butler Pantry. The breakfast nook and open family room both lead out to the backyard which features a built-in BBQ, gas fireplace and tranquil water feature, perfect for entertaining! Master suite with fireplace, a concealed in-ceiling TV, balcony, his and hers walk-in closets, en-suite bath with vanity and spa tub. The west wing includes a laundry room and 3 additional bedroom suites, each complete with private baths, walk-in closets and individually controlled climate. 3-car garage with ample professional storage cabinets and a custom motorized bike rack.”

El Segundo open houses

A number of El Segundo Open House for Sept 20th and 21st

El Segundo doesn’t generally see too many open houses as home inventory isEl Segundo open houses down and it’s a fairly small town with few homes for sale in the best of markets.  This weekend sees more than usual with several advertised open houses.  See the list below for El Segundo and the South Bay.  If you’re seeing this post after the September dates please visit our South Bay open houses site for updated homes for sale and schedules.

 

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Location a Critical Factor in El Segundo Real Estate

El Segundo is a fantastic community oriented city in the South Bay. It offers a great small town feel, charming downtown and Main Street areas, award winning schools and proximity to the beach. From a real estate perspective, however, parts of El Segundo do have their challenges….and it’s all about the location.The challenge El Segundo has is that it happens to have some less than appealing neighbors. Directly to the north lies LAX, or Los Angeles International Airport. To the west lies the Hyperion Waste Water Treatment Plant. To the south lies the Chevron Oil Refinery (although the areas nearest to the refinery of primarily commercial) and to the east is a relatively busy, but nice commercial and retail corridor with high rise buildings, hotels and strip malls. Although each area may require some compromise on the part of buyers, each does offer lower prices than the neighborhoods in the center of town. If you’re working with a realtor, make sure that they are familiar with El Segundo and can offer insight into just what the various neighborhoods are like.

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12 New Townhomes in El Segundo in High Demand

By Keith Kyle

Last month we wrote a market update and explained how the number of homes available for sale in El Segundo had jumped a bit due to the recent completion of 12 new townhome units on the corner of Pepper and Walnut.  The demand for these new units was in full force as all but 3 of the units are now in escrow or under contract.  The townhomes ranged in price between $789,000 to $849,000.  All were 3 bedroom 2.5 bath estimated at 1900 square feet. and fairly ideally located near Main Street and downtown El Segundo.

 See the MLS information for the new townhomes in El Segundo

 

El Segundo Real Estate Market Update

By Keith Kyle

The market in El Segundo seems to have leveled a bit with the number of homes for sale hovering in the high teens for the past few months.  As of August 25th there are currently active listings in El Segundo.   Although last month saw a significant increase in active listings and this month we see an increase in pending home sales, the numbers are skewed a bit due to the recent release of a number of new construction townhomes on Walnut and Pepper.

El Segundo Real Estate Market Update

By Keith KyleEl Segundo real estate

Real estate in the South Bay and specifically El Segundo continues at a pretty torrid pace.  Slowly rising inventory should alleviate some of the pressure and we may be heading towards a more balanced market.  July was the new high for active homes for sale with 30, topping the year high of 17 in June.  Median home price of active listings is $799,000.  The primary reason for this significant jump in inventory is due to the two new construction projects at the 100 Block of Walnut and the 900 block of Pepper, a 12 unit project from architect Pat Killen.

Currently there are 14 homes in escrow which is also a considerable jump from the 9 homes in escrow during the month of June.

We are still seeing quite the disparity between the average list prices of homes in El Segundo vs. the average sold home prices.  This is primarily due to sellers often listing homes at a “make me move” type price in which they’re looking for something well beyond market values.

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Welcome to real estate in the South Bay and El Segundo.  We hope that we are your one source for everything real estate in El Segundo.  From free home search, to MLS access to information on this charming city.

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El Segundo Real Estate. All information deemed reliable but not guaranteed. The agent providing the information contained herein may not have been a buyer’s and/or seller’s agent. This information is based on data pulled from CRMLS