Last month we wrote a market update and explained how the number of homes available for sale in El Segundo had jumped a bit due to the recent completion of 12 new townhome units on the corner of Pepper and Walnut. The demand for these new units was in full force as all but 3 of the units are now in escrow or under contract. The townhomes ranged in price between $789,000 to $849,000. All were 3 bedroom 2.5 bath estimated at 1900 square feet. and fairly ideally located near Main Street and downtown El Segundo.
Currently there are 14 homes in escrow which is also a considerable jump from the 9 homes in escrow during the month of June.
We are still seeing quite the disparity between the average list prices of homes in El Segundo vs. the average sold home prices. This is primarily due to sellers often listing homes at a “make me move” type price in which they’re looking for something well beyond market values.
El Segundo offers residents a small town feel yet closer to key parts of Los Angeles such as LAX, downtown, Santa Monica and more. Located just north of Manhattan Beach and just east of Los Angeles airport, El Segundo is a true community with a charming downtown area, fantastic school system, endless activities and beautiful Dockweiler Beach.
El Segundo is a fantastic city and we hope it’s the right fit for you. If not or if you want to explore the neighboring cities, visit our community pages below for information on real estate, neighborhoods, schools and more. See what the cities of Hermosa Beach, Manhattan Beach, Redondo, Torrance and others have to offer.
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El Segundo is a small coastline community equally renowned for its quaint, small town atmosphere as well as a thriving business environment that caters to some of the region’s most prestigious corporations. El Segundo is a very popular place to purchase a home due to the small town atmosphere, proximity to the beach, and award winning schools.
Conveniently located just south of Los Angeles International Airport, adjacent to the Pacific Ocean, and quickly accessible to the 105 and 405 freeways, El Segundo is ideally situated between Los Angeles and the South Bay beach communities. El Segundo prides itself on its excellent schools, quality recreation programs, safe neighborhoods and unparalleled city services. It is also a haven for business, with 13 Fortune 500 companies and a diverse mix of aerospace firms, high-tech businesses, professional service outfits, fine restaurants and retailers.
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