Can An El Segundo Home Fetch Manhattan Beach Prices?

While we focus primarily on Manhattan Beach we like to bring to the attention of our clients and visitors potential options in neighboring cities.  The real estate market in El Segundo is no exception as the great schools, shorter commute and small town charm make it an appealing option.  The recent listing at 425 West Oak in El Segundo is in some rarified air pushing the elusive $3,000,000 price barrier.  It will be a good home to keep an eye on to see if El Segundo can achieve a price point more common in the neighboring Manhattan Beach luxury real estate market.  The home at 425 West Oak is brand new construction with a modern design and sitting on a well appointed 8000+ square foot lot.  With 5 bedrooms and 4000 feet it is definitely a home to rival new construction in Manhattan and Hermosa Beach.

425 W Oak Avenue, El Segundo, CA 90245 (MLS # SB17204155)

(all data current as of 12/16/2017)
Price $2,495,000
Beds 5
Baths 6 baths
Home size 4,000 sq ft
Lot Size 8,144 sqft
Days on Market 101
Status Active
Tucked into the peaceful West side of El Segundo is this sun-filled two story De Bilt Modern home. As you enter the foyer, notice the oversized gray porcelain tiles which encompass the entire first floor and read as polished concrete. Take a minute to rest a bit before entering into an architectural corridor which frames the view through the glass doors at the back of the house, revealing the very large back yard. The dining room is lit by a modern linear fixture filled with crystals.  Your view is through the sliding glass doors into the courtyard and Crape Myrtle tree. Re-purposed wood from the original house is used throughout. The kitchen features a full suite of Thermador appliances and sleek Modern cabinetry as well as a large waterfall island. Walk through the sliding glass door from the family room onto the back deck which wraps around to the courtyard.  Plenty of room for a swimming pool. The master suite includes a comfortable soaking tub, dual vanity, radiant floor heating, a gorgeous walk-through shower and a generous dressing room. All bedrooms feature vaulted ceilings and en suite bathrooms. Do you dream of living in a neighborhood with top-ranked schools, where you could stroll to the corner store, or downtown for dinner at fun new restaurants? This home offers all that and more.

Property Type(s): Single Family

Last Updated 11/9/2017 Tract
Year Built 2017 Community 141 - El Segundo
Garage Spaces n/a County Los Angeles
Total Parking n/a

Schools

School District El Segundo Unified
Elementary School Richmond
Jr. High School El Segundo
High School El Segundo

Additional Details

Lot 8144 sq ft Area 141 - El Segundo
HOA Dues 0.00 Parking Spaces: 3.00
Pool Description None Stories 2
Utilities Public; View Description Neighborhood
Water Public Zoning ESR1YY

Features

Air Central, Dual, Zoned
Air Conditioning Yes
Appliances Tankless Water Heater
LotDescription Lot 6500-9999
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Regina Hoffman CalBRE:01905428, Palm Realty Boutique

(view all details for MLS #SB17204155)

Manhattan Beach is the Center of the South Bay Real Estate Universe

By Keith Kyle

From just about every perspective, Manhattan Beach is the epicenter of real estate in the South Bay. The combination of great schools, small town charm, proximity to the airport and downtown (but not too close) and the hard to ignore reality that it’s become a very high “status” area make it the most sought after city in the area.

What this means is that home prices in Manhattan Beach impact the surrounding communities. As more buyers are priced out of Manhattan they often start searching in nearby Hermosa Beach…when that becomes too expensive they start looking in El Segundo, Redondo Beach real estate and the surrounding cities.  This is pretty clearly indicated by the median home prices in each of the areas.  Manhattan Beach saw a median home price of $2,075,000, with the median in Hermosa at $1,570,000, El Segundo at $1,151,000 and Redondo Beach near (exact numbers not available) $1,032,000.  Each of the neighboring cities can offer fantastic neighborhoods and are great communities, but it’s clear that Manhattan Beach real estate is the driving force that impacts prices in the nearby communities and cities.

 

This Weeks Manhattan Beach Open Houses

1641-23rd-street-remodeled-kitchenIf you’re looking for a great beach house, Manhattan Beach is the town for it.  Take a look at this weeks open house list to see what homes you might be interested in.  If the list isn’t updated please visit our South Bay open houses information site.

New Website for Fusion At South Bay Homes and Real Estate

By Keith KyleFusion_at_South_Bay_website

We’re happy to announce the launch of our website designed exclusively for the gated community of Fusion South Bay.  Fusion is a vibrant and active community that is just east of Manhattan Beach and offers newer construction at a fraction of the cost of Manhattan Beach.  The townhomes and condos in Fusion is an ideal option for those looking in nearby El Segundo, Manhattan, and Redondo Beach but want something newer and nicer for a reasonable price.

Visit FusionHomesforSale.com for the latest listings, recent home sales, floorplans, community maps and more.

Median Home Prices in Manhattan Beach Decline Y-O-Y in February 2015

By Keith Kyle912-Duncan

February saw a continuing decline in the homes for sale and the number of homes sold in Manhattan Beach and much of the South Bay with housing inventory remaining well below the average.  Manhattan Beach saw 25 homes sell in February at a median price of $1,750,000.  Although it was a 16% drop from the median price a year earlier, that had been a record setting month with median home prices well over $2,000,000.

City Homes Sold February 2015 Median February 2014 Median Year over Year % Change
Carson 39 $395,000 $362,500 9.0%
El Segundo 14 $818,250 $952,000 -14.0%
Gardena 23 $334,000 $372,500 -10.3%
Harbor City 11 $393,000 $317,500 23.8%
Hawthorne 29 $410,000 $460,000 -10.9%
Hermosa Beach 14 $1,512,500 $1,265,000 19.6%
Lawndale 9 $415,000 $412,250 0.7%
Lomita 5 $326,000 $515,000 -36.7%
Long Beach 203 $405,000 $385,000 5.2%
Manhattan Beach 19 $1,750,000 $2,083,500 -16.0%
Marina Del Rey 16 $1,335,000 $769,000 73.6%
Palos Verdes Estates 31 $1,300,000 $1,392,500 -6.6%
Playa Del Rey 11 $891,500 $517,500 72.3%
Rancho Palos Verdes 32 $1,038,750 $708,500 46.6%
Redondo Beach 46 $812,000 $767,500 5.8%
San Pedro 52 $405,500 $450,000 -9.9%
Torrance 86 $542,000 $511,500 6.0%
Westchester 20 $820,000 $797,000 2.9%

South Bay Home Inventory Continues to Rise

By Keith Kyle

What may be the beginning of a slight shift in the South Bay real estate market, inventory has continued to rise for the 5th straight month as both pending and sold homes remained relatively flat. Active homes for sale in July of 2014 were up 40% from the same month in 2013, while sold homes declined 11.7% and pending home sales only increased by 3.5%. This buildup of inventory may finally slow the market and lead to a market not so heavily favoring sellers.  The local Manhattan Beach real estate trends are slightly different with numbers being somewhat similar to a year ago in terms of active, pending and closed home sales although prices continue to rise, especially in the higher end of the market.  To see the most recent home sales visit our recent sales information site.

770 West Imperial – Lowest Priced Home in El Segundo

As of January 20th the most affordable home in El Segundo is the home at 770 West Imperial Highway.  It is a nicely upgraded condo in the Pacific Sands building currently priced at $342,900.

We're sorry, but we couldn't find MLS # 13718005 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Search Condos for Sale in El Segundo

 

While home prices have gone up throughout the South Bay, El Segundo is still far more affordable than neighboring Manhattan Beach and the least expensive housing option is a condo.  There are a limited number of condominium complexes (see real estate market statistics for condos in El Segundo) but the limited options have some very attractive prices.  The condos are generally located on the outer edges of town due to zoning allowing higher density buildings.

Current El Segundo Condos for Sale

  1. 4 beds, 4 baths
    Home size: 2,080 sq ft
    Lot size: 1.59 ac
    Year built: 2006
    Days on market: 66
  2. 2 beds, 2 baths
    Home size: 1,258 sq ft
    Lot size: 13,406 sqft
    Year built: 1979
    Days on market: 92
  3. 4 beds, 3 baths
    Home size: 1,699 sq ft
    Lot size: 11,405 sqft
    Year built: 1991
    Days on market: 101
  4. 2 beds, 2 baths
    Home size: 1,177 sq ft
    Lot size: 37,106 sqft
    Year built: 1978
    Days on market: 346

See all Real estate in the city of El Segundo.
(all data current as of 12/16/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

El Segundo Townhome Search

By Keith  KyleTownhomes in El Segundo

El Segundo CA has a wonderful small town feel and it is the combination of this sense of community and the location that makes it so special.  Between the excellent school system an the charming feel of Main Street it is an ideal place to call home for those wanting to be near the big city, but to close to  Los Angeles.  El Segundo is conveniently located near major freeways, LAX, and the beautiful beaches of the South Bay and has a variety of housing options at a much more affordable price than neighboring Manhattan Beach.

Current Townhomes for Sale in El Segundo.

  1. 4 beds, 4 baths
    Home size: 2,080 sq ft
    Lot size: 1.59 ac
    Year built: 2006
    Days on market: 66
  2. 2 beds, 2 baths
    Home size: 1,258 sq ft
    Lot size: 13,406 sqft
    Year built: 1979
    Days on market: 92
  3. 4 beds, 3 baths
    Home size: 1,699 sq ft
    Lot size: 11,405 sqft
    Year built: 1991
    Days on market: 101
  4. 2 beds, 2 baths
    Home size: 1,177 sq ft
    Lot size: 37,106 sqft
    Year built: 1978
    Days on market: 346

See all Real estate in the city of El Segundo.
(all data current as of 12/16/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

El Segundo Single Family Home Search

By Keith  KyleSouth Bay Homes

El Segundo CA has a wonderful small town feel.  Between the excellent school system an the charming feel of Main Street it is an ideal place to call home for those wanting to be near the big city, but not live in the big city.  El Segundo is conveniently located near major freeways, LAX, and the beautiful beaches of the South Bay.

Single Family Homes in El Segundo.

  1. 4 beds, 2 baths
    Home size: 1,889 sq ft
    Lot size: 7,059 sqft
    Year built: 1965
    Days on market: 4
  2. 5 beds, 5 baths
    Home size: 3,500 sq ft
    Lot size: 6,590 sqft
    Year built: 2010
    Days on market: 8
  3. 2 beds, 2 baths
    Home size: 1,500 sq ft
    Lot size: 6,595 sqft
    Year built: 1943
    Days on market: 12
  4. 2 beds, 2 baths
    Home size: 1,779 sq ft
    Lot size: 5,999 sqft
    Year built: 1952
    Days on market: 16
  5. 3 beds, 2 baths
    Home size: 1,499 sq ft
    Lot size: 5,003 sqft
    Year built: 1967
    Days on market: 26
  6. 5 beds, 4 baths
    Home size: 3,020 sq ft
    Lot size: 4,399 sqft
    Year built: 2017
    Days on market: 37
  7. 3 beds, 3 baths
    Home size: 1,940 sq ft
    Lot size: 3,500 sqft
    Year built: 1985
    Days on market: 60
  8. 2 beds, 1 bath
    Home size: 1,079 sq ft
    Lot size: 7,874 sqft
    Year built: 1947
    Days on market: 92
  9. 3 beds, 2 baths
    Home size: 2,050 sq ft
    Lot size: 8,276 sqft
    Year built: 1954
    Days on market: 99
  10. 5 beds, 6 baths
    Home size: 4,000 sq ft
    Lot size: 8,144 sqft
    Year built: 2017
    Days on market: 101
  11. 4 beds, 3 baths
    Home size: 2,243 sq ft
    Lot size: 5,219 sqft
    Year built: 1952
    Days on market: 347

See all Real estate in the city of El Segundo.
(all data current as of 12/16/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.