321 Lomita Street, El Segundo - Listed for $2,600,000
This weeks featured home is a beautiful 5 bedroom home on Lomita Street with architecture the listing agent is calling “coastal farm house”. Built just a few years ago this home offers the spacious layout today’s luxury buyers are looking for while still offering some small town charm that fits well in El Segundo.
The home last sold for $2,300,000 on 04/02/18
BATH: 4 1/2
PRICE PER SQFT: $858.37
LOT SIZE: 5,723 SQ FEET
GARAGE: 2 CAR SIDE BY SIDE
Information on 321 Lomita Street El Segundo W Mariposa, El Segundo
April was a VERY slow month for home sales in El Segundo with only 3 properties closing escrow during the month. The median list price was $1,098,000 with the median sales price of $1,100,000 meaning the three homes basically sold for full price. The average price per foot was $754 and average days on market was 38. View the April 2020 home sales in other South Bay cities as well.
While home prices in neighboring Manhattan Beach often go well into the multi millions, El Segundo is still a far more affordable town to live in. Unlike it’s neighbor to the south, sold home prices in El Segundo average around $1,200,000 with anything over $3,000,000 extremely rare.
There has never been an on market home sale in El Segundo priced over $3,000,000 but that’s likely to change.
There have only been 3 homes ever priced over $3,000,000 and two of them are currently on the market. The home at 650 W Maple is priced at $3,785,000 and the home (property would be more accurate) at 728 W Mariposa is on the market at $3,750,000and is acautally in escrow. This is a really unique property so doesn’t quite equate to a standard residential sale as it’s a new home under construction on a massive double lot with a main home with 4,200 feet and a guest home/ADU as well.
The world is certainly changing at the moment and so is real estate and the way “normal” real estate actions are taking place. Although we have seen a slight slowdown, there is still a constant flow of homes being listed for sale and deals being put together. The California Association of Realtors pushed Gavin Newsom to establish real estate as an essential business in the midst of this pandemic. So, while we are definitely in strange and unchartered times, the business of real estate continues to move forward.
At Vista Sotheby’s International Realty, our agents and support team remain fully operational while adhering to a remote work plan. In addition to virtually conducting our daily team meetings, we are utilizing our top-tier technological resources in order to continue providing you with the best quality service if doing a real estate transaction is in your current plan. These resources include:
Virtual Open Houses
In lieu of public open houses, Vista Sotheby’s International Realty agents will be hosting Virtual Open Houses via Facebook or Instagram live stream. These will allow you to virtually view the property and ask any questions from the comfort of your home. Contact me each week for the full list of our homes that will be hosting Virtual Open Houses that weekend.
Matterport 3D Home Tours
Matterports provide a three-dimensional virtual rendering of a home used to create a realistic, fully immersive viewing experience. This “digital twin” gives you full access to see a property in depth without having to see it in person.
Virtual Live Showings
Interested in a home but “shelter in place” ordinances are preventing you from touring it in person? No problem! With interactive virtual showings, you can still get a live, one-on-one tour of a home just as you would in person.
Curate by Sotheby’s International Realty allows you to stage and visualize a house as your own before purchase. The available furniture and decor designs are also shoppable within Curate by Sotheby’s International Realty, as well as on our global website, sothebysrealty.com, through a “shop-the-room” functionality.
Give me a phone (or video!) call if you have any questions about our new normal in real estate, including the market and the procedures available to protect you if you are in the market, or even just to say hello – I would love to hear how you are doing and learn about your new normal! I look forward to being able to meet with you in person once this is all behind us. Until then, stay home, stay healthy, and stay safe.