El Segundo Real Estate Market – At a Glance

El Segundo Real Estate Snapshot

Here’s are home quarantine version of our market snapshot.  It’s just a quick overview of what’s happening in the El Segundo real estate market.  For more  on real estate trends and statistics view our detailed market information. See also the homes that sold in April 2020

3 of the 11 Current Homes for Sale in El Segundo Located in Waypointe and Pacific Landing

At the moment there are only 11 homes for sale on the MLS in El Segundo CA. 3 of the 11 available homes are in the new construction complexes of Waypointe and Pacific Landing.  While most of the homes in the communities have sold there are still a few on the market and given the current conditions that may be likely to remeain the same for a bit.

Current Homes for Sale in El Segundo CA

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

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.

September 2019 El Segundo Home Sales

El Segundo saw a slow down in home sales for the month of September with only 6 closed sales.  All but one exceeded the $1,000,000 mark with the highest sale of the month being a 4 bedroom home at 1209 E Maple and the lowest of the month being $525,000 for a 2 bedroom condo in Pacific Sands.To see more than just September and to get a sense of the real estate market over the past year, see the El Segundo real estate trends and statistics page.

View the current homes for sale in El Segundo CA

MLS Type Address Address Sold Price $ Per Foot Bed/Bath Sq Feet Year  Sold Date
SB19148522 SFR/D 1209 E Maple AVE   $1,641,500 $615.49 4/1,2,1,0 2667/A 1965/ASR 9/5/2019
SB19221385 SFR/D 618 Penn ST   $1,788,000 $846.99 3/2,0,1,0 2111/A 1920/ASR 9/16/2019
SR19071328 SFR/D 211 W Walnut AVE   $1,000,000 $775.19 2/1,0,0,1 1290/D 1952/PUB 9/20/2019
OC19182425 SFR/D 224 W Acacia AVE   $1,083,065 $785.97 3/2,0,0,0 1378/A 1955/ASR 9/20/2019
SB19114447 CONDO/A 770 W Imperial AVE   #24 $525,000 $551.47 2/1,1,0,0 952/A 1966/APP 9/23/2019
SB19159836 SFR/D 808 Penn ST   $1,475,000 $655.56 3/2,0,1,0 2250/A 1979/ASR 9/24/2019

 

Strong Schools are Very Important to El Segundo Home Buyers

It’s no real secret that good schools help drive real estate values in certain neighborhoods and communities.  That is certainly the case in El Segundo.

Buyers with kids want to be in areas with good schools and that higher demand helps keep values up.  El Segundo schools are highly ranked and this award winning school district makes a big difference in the real estate market.  Even those without kids greatly benefit from a strong school system.  The stronger the schools the more insulated a market is from any downturns.  That was very evident in El Segund when home prices drop during the recession and housing crisis, but only a very small amount compared with other local areas that do not have as strong a school system.

A recent CAR study showed that 47% of home buyers said good schools were very importan, 23% said that they were somewhat important, 11% said not very important and 19% said that it was not important at all.

The 19% may not realize just how much of an influence schools play on values and demand.  Good elementary schools are often part of a good community and without question most buyers would like to live in a good community.

The El Segundo Unified School District is highly ranked and that creates a very high demand, especially for families thinking of living in this coastal community.

The study also conclued that 43% of consumers age 34 or under believe highly rated schools are very important.  58% of consumers earning more than $100,000 a year think that highly rated schools are very important.

1st Quarter Updates – 2019 El Segundo Real Estate Market

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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Welcome to real estate in the South Bay and El Segundo.  We hope that we are your one source for everything real estate in El Segundo.  From free home search, to MLS access to information on this charming city.

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