Welcome to the year that was for real estate in El Segundo CA. 2020 was quite a year in the El Segundo real estate market….both in terms of the number of homes that sold as well as the home prices.
Take a look below for a quick overview of the 2020 real estate market in El Segundo. There were 129 home sales during the year with an impressive median home price of $1,380,000. The average price per square foot was $721 which was a big jump from the $656 in 2019. The average days o market was a brief 32.
at 717 Esplanade was a staple of the beachfront real estate market and it felt like it was always on the market….and that’s because it was. Originally listed in 2013 at $14,250,000, the home had years of price reductions and realtor changes. After years of steadily reducing the asking price, it finally worked was a price of $9,975,000 back in July of 2019. It finaly went into escrow in January 2020 and closed in February. The home offered 4 bedrooms, 6 1/2 baths and an incredible 7,000+ square feet. The sales price was $9,675,000.