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.
While it’s certainly an extrodinary time out there it’s still summer at the beach and that can’t be bad. We excitedly welcome summer in El Segundo and the South Bay.
From realtor Keith Kyle and Vista Sotheby’s International we want to wish you a very happy and SAFE summer.
Congratulations to all of the graduates out there in El Segundo and the South Bay.
Welcome to our quick recap for real estate in El Segundo during the month of May. Home sales in the city of El Segundo were way down with only 6 homes that closed escrow compared with 25 in May of 2019. On the other hand, house prices were very impressive with the median home price of $1,420,000. Homes that sold averaged only 19 days on market compared with 62 the year earlier.
View all of the current homes, houses and townhomes for sale in El Segundo CA
View all of the current beachfront homes for sale on The Strand in Manhattan Beach
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.
May 2020 picked up a little steam in terms of home sales in El Segundo with 6 closed escrows compared with only 3 a month earlier. It was still a dramatic drop from one year earlier with 25 home sales in May of 2019. View a chart of the past 15 months of active listings, pending escrows and closed home sales in El Segundo.
MLS# | Type | Address | Price | $ Per Foot | Bed/Bath | Sq Feet | Year | Sold Date | |
SB20017258 | CONDO/A | 815 | Main ST #302 | $699,000 | $610.48 | 2/2,0,0,0 | 1145/A | 1983/ASR | 5/15/2020 |
20564678 | SFR | 815 | PENN ST | $1,099,000 | $981.25 | 2/2,0,0,0 | 1120/ | 1962 | 5/19/2020 |
SB20104028 | SFR/D | 840 | Hillcrest ST | $1,115,000 | $879.34 | 3/2,0,0,0 | 1268/A | 1950/ASR | 5/31/2020 |
SB20026224 | TWNHS/A | 548 E | Imperial AVE | $1,150,000 | $584.05 | 3/3,0,1,0 | 1969/B | 2019/SLR | 5/12/2020 |
SB20032247 | SFR/D | 837 | Virginia ST | $1,950,000 | $695.68 | 3/4,0,0,0 | 2803/S | 1918/ASR | 5/15/2020 |
SB20102866 | SFR/D | 709 E | Pine AVE | $2,509,200 | $721.66 | 5/2,2,1,0 | 3477/B | 2020/BLD | 5/29/2020 |
