By the Numbers – El Segundo Home Sales and Home Prices for April 2020

April 2020 Home Sales and Real Estate Stats

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.

Type
Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year Built
CONDO/A
770 W
Imperial AVE   #47
$590,000
$500.00
2/1,0,1,0
1180/A
1966/ASR
TWNHS/A
305
Kansas ST   #B
$1,100,000
$541.87
3/3,0,0,0
2030/A
2006/PUB
SFR/D
818
Penn ST  
$1,290,000
$1,220.44
2/1,0,0,0
1057/A
1930/ASR
832 Penn in El Segundo
El-Segundo-Sign

Unique Opportunity for a Legacy Home in El Segundo at 728 W Mariposa

Under construction on a double lot - 728 W mariposa

Update* This home is currently in escrow

There have only ever been 3 homes on the market in El Segundo priced over $3,000,000 and none have actually sold.  Two of them are currently on the market and the home at 728 Mariposa may be the first home ever to sell in this rarified air.  

What makes this home so unique is that it sits on a double flag lot.  The property currently has a small single level home which will become an ADU for the main home.  The main house will be new construction offering 5 bedrooms, 5 baths and almost 4,500 square feet.

Priced at $3,750,000 we’ll update the sales price as soon as it’s released.

Information on 728 W Mariposa, El Segundo

Only 2 Homes Have Ever Been Priced over $3,500,000 in El Segundo – They’re Both Currently on the Market

Can El Segundo Handle the high End Luxury Market?

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 $3,750,000 and 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.

El Segundo luxury homes

The Two highest priced homes on the MLS in El Segundo are both currently on the market.

El Segundo luxury homes

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.

El Segundo luxury homes

Information on 650 W Maple, El Segundo

El Segundo Real Estate and the New Reality

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.

Virtual Staging

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.

Click here to download the Curate App

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.

Keith

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el segundo homes for sale

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2501 N Sepulveda Blvd, Manhattan Beach CA, 90266

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keith kyle

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About Vista Sotheby's

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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