George Fotion's Market Report

Hermosa Beach, CA 90254

Single-Family Homes

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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. Click here to stay informed with the Hermosa Beach market!

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.

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. Click here to stay informed with the Hermosa Beach market!

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

Never miss important changes in the Hermosa Beach market.
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