As with all of the South Bay (and the world) the real estate market in El Segundo was dominated by concerns over the pandemic. April was a historically slow month with only 3 total home sales compared with 10 the prior April. Things seem to be picking up however with pending sales on the rise significantly. March saw 3 pending sales, April saw 4, 11 in May and 17 in June which is the highes number since April of 2019. Inventory of active listings is still somewhat on the high side but dropping as the market picks up a bit. The median home prices and price per foot for homes in El Segundo in Q2 were impressive.
What’s the Latest – El Segundo Real Estate Stats for the 2nd Quarter
The story of El Segundo in Q2 of 2020 was much like the rest of the world…..with home sales slowing dramatically due to the concerns and real world impacts of the coronavirus. Home sales were very slow especially in April and May. June picked back up which is great news and hopefully the market can get back to pre-covid numbers. April-June saw only 22 total home sales in El Segundo compared with 49 in the same months a year earlier. The good news is that it was still a very solid market in terms of numbers….especially for sellers. The median home price was an impressive $1,251,000 and the average days on market was a very short 23. For a bit of historical perspective see our recent post on the number of home sales over the past 15 months in El Segundo.
View all of the homes currently for sale in El Segundo
El Segundo Home of the Week – 321 Lomita Street
The luxury home market in El Segundo CA seems to grow more prevalent as the construction boom has gotten rid of many of the smaller 
post war beach bungalows and replaced them with large high end homes (in our opinion there’s some good, some bad to this slow transformation). One of the homes built just a few years ago was 321 Lomita Street. As new consstruction the home sold for $2,300,000 in April of 2018. It’s for sale once again. Listed at $2,600,000, the “coastal farm house” inspired home is a beautiful 5 bedroom home on Lomita Street with architecture the listing agent is calling “coastal farm house” offering a little over 3,000 square feet on a 5,700+ fool lot.
The home last sold for $2,300,000 on 04/02/18
PRICE: $2,600,000
BEDS: 5
BATH: 4 1/2
SQFT: 3,029*
PRICE PER SQFT: $858.37
LOT SIZE: 5,723 SQ FEET
GARAGE: 2 CAR SIDE BY SIDE
YEAR: 2018
Information on 321 Lomita Street El Segundo W Mariposa, El Segundo
Listing Courtesy of Amie Schneider – Compass
El Segundo Real Estate Snapshot
Welcome to our real estate recap for April 2020. It’s just a quick overview of the El Segundo real estate market and what seems to be the trends and indicates where the market is likely to go.
View the current homes for sale in El Segundo California
It was pretty clear that the impacts of the coronavirus was definitely felt in April. There were only 3 closed home sales compared with 10 the year earlier. That’s the bad news…..the good news is that other numbers were solid. The median sales price for the month was $993,000 and days on market was only 7 which is pretty incredible. Those numbers should be taken with a grain of salt as 3 homes simply aren’t enough to read too much into. For more on real estate trends and statistics view our detailed market information.
See also the homes that sold in April 2020
El Segundo Alternative – Affordable Condos of Brookside Village in Redondo Beach
Welcome to the condos of Brookside Village in South Redondo Beach
If you’re looking at homes in El Segundo, there’s a good chance you’re also considering other South Bay cities. Redondo Beach is one of El Segundo’s neighbors and a great alternative. Generally speaking home prices are fairly similar but one of the condo complexes in South Redondo is a very affordable option for El Segundo.
The community of Brookside Village is in an ideal location in South Redondo Beach. It’s located just minutes from the beach, shopping and countless outdoor activities. Brookside Village is an ideal combination of affordability, location and amenities unseen anywhere else in the South Bay. It’s a great community with lush grounds, water features including rivers and bridges, nice clubhouse and pool room, gym, tennis courts and a very nice pool and spa area. Click any button or photo for more information about this wonderful community, homes for sale, and the surrounding areas. Whether you are considering buying a home in Brookside Village and Redondo, ore selling your home and are curious about the current value, this is a great place to start.
Explore Brookside Village Redondo Beach
El Segundo Alternative – Torrance CA Real Estate
If you’re looking for a home in El Segundo, but either priced out or just want to explore other areas of the south Bay……welcome to real estate and homes for sale in Torrance CA. Housing in the area and homes can range from small studio condos in the low $300,000s to the biggest sale in the South Bay on the bluffs of the Hollywood Riviera. You can also search Torrance homes for sale by price, or search our Torrance CA MLS interactive map.
Click on any link below to see more information on the neighborhoods or Torrance and search homes for sale in those areas.
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Want an easier way? Tell us a bit about your home search and we’ll email you automatic new listing alerts the moment a home comes on the market. This FREE customized email matches your home search. It’s the easiest way to know about new Torrance California homes for sale first.
Current homes for sale in Torrance California
Click any MLS number above for details and photos of the home.
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