Waypointe, the new construction townhome community in El Segundo, is definitely playing the biggest role in El Segundo real estate at the moment. The townhomes have been released in waves and, at this point there are 5 on market townhomes for sale. Given that there are only 16 properties on the market in all of El Segundo, they are definitely playing a prominent role in the market.
El Segundo Real Estate Snapshot
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
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 $1,330,000 which is fairly unusual for the South Bay in November. It may be an indication that prices are softening or may just be a blip on the rader. We’ll need to see further trends to determine. See the 2019 El Segundo real estate trends below. Average days on market for the month was 54.
The lowest priced sale of the month was a 2 bedroom condo at 770 W Imperial Ave known as Pacific Sands. While this is a great starter complex, Pacific Sands is generally the least expensive housing option in El Segundo. The highest priced property sale of the month was a very large single family home located at 414 W Oak. Other notable sales were 510 E Imperial Ave, 516 E Imperial Avenue, 552 E Imperial Avenue which are all in the new townhome construction community of Waypointe and 926 Fairing Place which is in the new construction single family community of Pacific Landing.
November 2019 Home Sales and Home Prices in El Segundo.
|MLS||Type||Address||Price||$ 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|
|SB19222745||SFR/D||1124 E||Acacia AVE||$1,845,000||$766||4/3,0,1,0||2410/D||1949/ASR||11/7/2019|
|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
The Waypointe townhomes are the rare new construction townhomes in El Segundo. As there’s just about no undeveloped land, new complexes and communities are very rare. Waypointe offers some nice homes with varying layouts and buyers are often those interested in Three Sixty South Bay as well. The homes in this community have been selling fairly well with homes having 5 townhomes sold and an additional 4 in escrow. See below for the current active listings and homes for sale in Waypoint and Pacific Landing (the single family home community next door from the same builder) as well as the recent home sales and pending home sales.
Current Homes for Sale in Pacific Landing and Waypointe El Segundo CA
Closed Home Sales in Waypointe
Pending Home Sales in Waypointe El Segundo
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.
Recent Home Sales in Pacific Landing