The History of $2.0M+ Home Sales in El Segundo

The Luxury Home Market in El Segundo

It wasn’t long ago that a home sale over $2,000,000 in El Segundo was an extreme rarity.  Unlike neighborhing Manhattan Beach real estate, El Segundo isn’t known as a luxury market but that’s changing.

In 2013, 2014 and 2015 there was only 1 $2.0+ home sale each year and the common denominator was very large lots.  The home in 2013 was land value and the 23,000+ foot lot sold for $2,000,000 which happened to turn into 12 townhome that all sold between the high $700s and $800s. (now that’s a nice return)

2016 was the first year where this luxury price range started to be a bit normal in El Segundo with 5 home sales over $2,000,000.   After a slow 2017 there were 6 homes that sold in 2018 and 10 $2.0M+ home sales in 2019.

View the current homes for sale in El Segundo

 

The History of El Segundo Homes over $2,000,000

 
Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year
Lot Size
Sold Date
115 E
Walnut AVE  
$2,000,000
$1,639.34
2/2,0,0,0
1220/A
1920/ASR
23,386
4/12/2013
 
 
 
 
 
 
 
 
 
670 W
Maple AVE  
$2,100,000
$335.79
6/5,0,0,0
6254/A
2006/ASR
9,850
7/30/2014
 
 
 
 
 
 
 
 
 
1501 E
Sycamore AVE  
$2,075,000
$359.56
4/5,0,0,0
5771/A
2009/ASR
10,408
8/11/2015
 
 
 
 
 
 
 
 
 
840
Center ST  
$2,150,000
$598.39
4/5,0,0,0
3593/A
2008/ASR
6,872
1/15/2016
815
California ST  
$2,100,000
$583.66
4/2,1,0,0
3598/A
1966/ASR
9,725
2/1/2016
332
Whiting ST  
$2,350,000
$535.43
6/5,0,1,0
4389/A
1928/ASR
7,156
4/7/2016
437
Kansas ST  
$2,080,000
$658.23
5/4,0,1,0
3160/A
2005/ASR
5,570
6/7/2016
515
Loma Vista ST  
$2,225,000
$590.66
5/4,0,1,0
3767/A
2007/ASR
6,411
7/22/2016
403
Whiting ST  
$2,155,000
$718.33
3/2,1,0,0
3000/E
2015/OTH
7,470
4/14/2017
 
 
 
 
 
 
 
 
 
707
Bungalow DR  
$2,300,000
$575.00
5/4,0,1,0
4000/O
2010/ASR
6,590
1/25/2018
425 W
OAK AVE  
$2,350,000
$587.50
5/5,0,1,0
4000/D
2017/BLD
8,144
2/13/2018
321
Lomita ST  
$2,300,000
$759.33
5/3,1,1,0
3029/S
1948/ASR
5,723
4/2/2018
758
Lomita ST  
$2,300,000
$575.00
5/4,0,1,0
4000/O
2004/ASR
6,482
7/6/2018
917
Sheldon ST  
$2,560,000
$609.52
5/4,0,1,0
4200/B
2018/BLD
7,978
8/10/2018
628 W
OakAVE  
$2,389,500
$660.63
5/4,0,1,0
3617/AP
1925
7,183
9/18/2018
 
 
 
 
 
 
 
 
 
807
Bungalow DR  
$2,150,000
$503.16
5/4,0,1,0
4273/A
2005/ASR
6,594
1/15/2019
815
California ST  
$2,180,000
$605.89
4/2,1,0,0
3598/A
1951/ASR
9,711
4/5/2019
618
Lomita ST  
$2,495,000
$463.07
4/3,2,1,0
5388/AP
1943/ASR
6,420
5/6/2019
752
Bungalow DR  
$2,210,000
$561.20
4/4,0,1,0
3938/A
2002/ASR
6,591
5/15/2019
513 W
Mariposa AVE  
$2,000,000
$594.00
4/1,2,0,0
3367/A
2001/ASR
5,004
6/28/2019
719
Maryland ST  
$2,550,000
$772.73
5/1,2,0,1
3300/B
1942/PUB
6,481
8/27/2019
1510 E
Oak AVE  
$2,275,000
$595.24
5/5,0,1,0
3822/A
2012/BLD
6,582
10/3/2019
414 W
Oak AVE  
$2,510,000
$669.33
6/4,0,0,0
3750/B
2019/BLD
8,233
11/13/2019
506
Sheldon ST  
$2,060,000
$761.55
4/4,0,0,0
2705/S
1952/ASR
6,000
11/15/2019
712 W
Pine AVE  
$2,150,000
$755.45
4/4,2,0,0
2846/T
2009/SLR
8,036
11/22/2019
 
 
 
 
 
 
 
 
 
709 E
Pine AVE  
$2,509,200
$721.66
5/2,2,1,0
3477/B
2020/BLD
5,848
5/29/2020
733 W
Mariposa AVE  
$2,480,000
$834.45
4/4,0,0,0
2972/A
2012/SEE
10,887
7/14/2020

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.

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