Here’s the latest on the El Segundo real estate market. The story of the month was the big uptick in the number of homes in escrow during August which should make for an impressive September.
View the current homes for sale in El Segundo CA
Community Spotlight – Pacific Sands Condos in El Segundo
If you’re looking for a home in El Segundo but seem to be priced out of this charming coastal community, the condo complex known as
Pacific Sands is often the most affordable location in all of El Segundo.
Located at 770 W Imperial Ave, Pacific Sands is located in the northwest corner of El Segundo and offers just a short drive, walk or bike to the beach. Built in 1966, most condos have been extensively remodeled while a few are still in fairly original condition. The condos are primarily 2 bedroom there are a few one bedrooms as well. Square footage generally ranges from about 700 square feet to a tad over 1,110 sq feet*. As of this writing HOA dues are around $435 a month.
In the center of the complex is a beautiful saltwater swimming pool, communty gym, jacuzzi, sauna and clubhouse/recreational room. Some of the landscaping and waterfall/bridge features give it a definite resort like feel. The community does allow pets but has restrictions.
Current Pacific Sands Condos For Sale
View more information on the homes for sale and real estate in El Segundo CA
2020 El Segundo Real Estate Trends and Statistics
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.
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 – 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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Current homes for sale in Torrance California
Click any MLS number above for details and photos of the home.
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