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