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

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.

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El Segundo Real Estate. All information deemed reliable but not guaranteed.