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719 Maryland – 2019’s Highest Priced Home Sale in El Segundo

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2019’s high sale of the year goes to 719 Maryland which was a new construction 5 bedroom, 3300* single family home in the heart of the community.  Sitting on  a nice sized lot of almost 6500 feet the home had a spacious backyard and the location was ideal with a real community/neighbhrood feel.

View the current homes for sale in El Segundo.

719 Maryland sold for $2,550,000 and sold prior to actually going on the market.

While it was not long ago that homes over $2,000,000 in El Segundo were incredibly rare…..there were 10 homes that sold over $2,000,000 during the year.

*information provided from the listing, deemed reliable but not guaranteed.

The Dwindling Housing Inventory in El Segundo

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Over the past 12 months there’s been a steady decline in active homes for sale in El Segundo which is not a good trend for home buyers. Supply and demand is a strong market force and with so few active homes for sale in El Segundo, price increases are the norm.  Compared with a year ago there are 70% fewer listings on the market which is pretty incredible.

The below chart shows current “active” homes for sale, pending and recent sold homes.

Housing inventory for November 2019 compared with the previous month and the previous November

Home trends and statistics showing past 15 months of homes for sale, pending sales, sold homes and prices.

Date 18-Sep 18-Oct 18-Nov 18-Dec 19-Jan 19-Feb 19-Mar 19-Apr 19-May 19-Jun 19-Jul 19-Aug 19-Sep 19-Oct 19-Nov
For Sale 29 31 34 27 24 27 28 22 22 17 13 19 17 13 10
New Listing 13 13 14 6 14 26 18 11 16 12 8 15 10 10 6
Sold 9 8 5 9 8 7 15 10 25 14 13 8 6 8 17
Pended 6 7 9 10 10 19 16 18 12 15 11 11 10 12 12
Months of Inventory (Closed
Sales)		 3.2 3.9 6.8 3 3 3.9 1.9 2.2 0.9 1.2 1 2.4 2.8 1.6 0.6
Months of Inventory (Pended
Sales)		 4.8 4.4 3.8 2.7 2.4 1.4 1.8 1.2 1.8 1.1 1.2 1.7 1.7 1.1 0.8
Avg. Active Price 1416 1265 1254 1239 1188 1300 1336 1473 1427 1427 1520 1505 1391 1210 1326
Avg. Sold Price 1442 1418 1313 961 1174 975 1357 1137 1287 1162 1236 1592 1252 995 1426
Avg. Sq. Ft. Price (Sold) 672 663 623 622 618 653 662 627 602 674 677 689 705 560 682
Sold/List Diff. % 98 100 103 100 98 98 100 97 99 98 99 100 97 100 98
Sold/Orig LP Diff. % 96 98 100 96 97 95 98 95 96 97 97 99 93 100 94
Avg Days on Market 30 39 26 41 56 57 38 52 62 25 38 65 47 29 55
Median Sold Price 1415 1595 1150 860 1143 850 1320 1005 1147 1105 1180 1590 1279 848 1330

Home Sales and Housing Prices in El Segundo for November

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November was a really strong month for home sales in El Segundo with 17 closed on MLS home sales.  Given that El Segundo averages around 10-11 home sales a month 17 was a big number, especially when considering the time of year.  November is not traditionally an overly active months for real estate in El Segundo.

The median “list” price for the month was $1,499,000 with a median “sold” price of $1,330,000 which is fairly unusual for the South Bay in November.  It may be an indication that prices are softening or may just be a blip on the rader.   We’ll need to see further trends to determine.    See the 2019 El Segundo real estate trends below.  Average days on market for the month was 54.

The lowest priced sale of the month was a 2 bedroom condo at 770 W Imperial Ave known as Pacific Sands.  While this is a great starter complex, Pacific Sands is generally the least expensive housing option in El Segundo.  The highest priced property sale of the month was a very large single family home located at 414 W Oak.  Other notable sales were 510 E Imperial Ave, 516 E Imperial Avenue, 552 E Imperial Avenue which are all in the new townhome construction community of Waypointe and 926 Fairing Place which is in the new construction single family community of Pacific Landing.

View the active homes for sale in El Segundo California

November 2019 Home Sales and Home Prices in El Segundo.

MLS Type   Address Price $ per Foot Bed/Bath Sq Feet Year Sold Date
19517428 CONDO 770 W Imperial AVE #68 $515,000 $512 2/1,0,1,0 1005/A 1966 11/14/2019
IN19228928 CONDO/A 770 W Imperial AVE #89 $545,000 $575 2/2,0,0,0 948/A 1966/ASR 11/26/2019
SB19175483 CONDO/A 818 Main ST   #202 $732,000 $521 2/2,0,0,0 1406/A 1979/ASR 11/26/2019
SW19110379 TWNHS/A 510 E Imperial AVE   $1,000,000 $508 3/3,0,1,0 1969/B 2018/BLD 11/1/2019
SW19101433 TWNHS/A 516 E Imperial AVE   $1,015,000 $577 3/3,0,1,0 1758/B 2018/BLD 11/29/2019
SB19221255 TWNHS/A 121 W Palm AVE #3 $1,050,000 $626 3/3,0,1,0 1678/A 1990/ASR 11/15/2019
SW19131717 CONDO/A 552 E Imperial AVE #314 $1,094,924 $623 3/3,0,1,0 1758/B 2019/BLD 11/29/2019
SB19244352 SFR/D 422 Maryland ST   $1,225,000 $929 3/1,1,0,0 1318/P 1947/PUB 11/28/2019
SB19189819 SFR/D 704 Penn ST   $1,330,000 $801 3/2,0,1,0 1661/A 1941/ASR 11/26/2019
SB19221319 SFR/D 845 McCarthy CT   $1,585,000 $868 4/3,0,0,0 1825/A 1952/ASR 11/1/2019
SW19045535 SFR/D 926 Fairing PL   $1,665,000 $560 4/3,0,1,0 2975/B 2018/BLD 11/18/2019
SB19222745 SFR/D 1124 E Acacia AVE   $1,845,000 $766 4/3,0,1,0 2410/D 1949/ASR 11/7/2019
SB19149734 SFR/D 925 Sheldon ST   $1,950,000 $701 4/3,0,1,0 2781/B 2019/BLD 11/26/2019
SB19150418 SFR/D 929 Sheldon ST   $1,975,000 $710 4/3,0,1,0 2781/B 2019/BLD 11/15/2019
SB19083854 SFR/D 506 Sheldon ST   $2,060,000 $762 4/4,0,0,0 2705/S 1952/ASR 11/15/2019
SB19160605 SFR/D 712 W Pine AVE   $2,150,000 $755 4/4,2,0,0 2846/T 2009/SLR 11/22/2019
SB19217162 SFR/D 414 W Oak AVE   $2,510,000 $669 6/4,0,0,0 3750/B 2019/BLD 11/13/2019

El Segundo Real Estate chart showing monthly number of homes for sale, pending sales and closed home sales

See all of the real estate trends and statistics in El Segundo

Just Sold – 1510 E Oak in El Segundo

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We’re happy to announce our latest home sale and so happy that our clients put their trust in us. There are not all that many $2M+ home sales in El Segundo but this was one that was well worth it. The owners did a fantastic job of keeping it in near perfect condition and selling it was a dream. Their designer eye made the home look like it was professionally staged. Congratulations!

  • $2,275,000 sales price
  • 5 bedrooms all with en suite baths
  • Beautiful Tuscan design
  • 3 car garage
  • Great outdoor areas

Brisk Home Sales in the New Pacific Landing Community

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The market for new construction is certainly pretty solid with 7 recent sales in the community of Pacific Landing with 2 more single family homes in escrow. Pacific Landing is a community of new single family style homes but D.R. Horton. Located just east of the airport off of Imperial, the homes offer a number of floorplans and styles. Of the 7 homes that have sold the median sales price has been $1,767,624 with an average price per foot of $590. The homes have all been built in 2018 with new homes being built as we speak. The homes were all 4 bedrooms and just under 3,000 square feet.

Click here to see the current Pacific Landing Homes on the Market.

Recent Home Sales in Pacific Landing

 

1st Quarter Updates – 2019 El Segundo Real Estate Market

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We’ve seen a very solid real estate market in El Segundo thus far in 2019. Well priced homes are still selling but there has been a bit of a slow down in the market since the beginning of the year.   We anticipate that the market will heat up a bit as we head towards summer and the weather warms up a bit.

Here are some of the 1st quarter numbers from January 1 – April 18:

Sold Homes:

  • 38 home sales in El Segundo
  • Average Days on Market: 50
  • Median Sales Price:  $1,207,000
  • Average Price Per Foot:  $669

Pending Sales:

  • 27 Homes in El Segundo currently in escrow (as of 4/18/19)
  • Average Days on Market:  52
  • Median List Price: $1,275,000
  • Average Price Per Foot: $633

Active Homes for Sale:

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