George Fotion's Market Report
Hermosa Beach, CA 90254
Single-Family Homes
Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467
Hermosa Beach, CA 90254
Mon Nov 11 2019
This week the median list price for Hermosa Beach, CA 90254 is $2,897,500 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 30.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.
Real-Time Market Profile
| Median List Price | $2,897,500 | |
| Per Square Foot | $1,244 | |
| Days on Market | 174 | |
| Price Decreased | 67% | |
| Price Increased | 0% | |
| Relisted | 13% | |
| Inventory | 30 | |
| Median House Rent | $6,200 | |
| Most Expensive | $19,250,000 | |
| Least Expensive | $897,000 | |
| Market Action Index Slight Seller's Advantage | 35 |
Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $9,950,000 | 3,800 | 0 - 4,500 sqft | 5 | 2 | 1 | 0 | 1 | 242 |
| $4,499,000 | 3,700 | 0 - 4,500 sqft | 5 | 3 | 1 | 0 | 1 | 186 |
| $2,100,000 | 1,606 | 0 - 4,500 sqft | 3 | 1 | 48 | 1 | 4 | 78 |
| $1,199,000 | 1,172 | 0 - 4,500 sqft | 3 | 1 | 65 | 0 | 2 | 199 |