George Fotion's Market Report
Hermosa Beach, CA 90254
Single-Family Homes
Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467
Hermosa Beach, CA 90254
Wed Oct 04 2023
This week the median list price for Hermosa Beach, CA 90254 is $5,295,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 21.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $5,295,000 | |
| Median Price of New Listings | $1,950,000 | |
| Per Square Foot | $1,632 | |
| Average Days on Market | 143 | |
| Median Days on Market | 56 | |
| Price Decreased | 19% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 21 | |
| Median Rent | ||
| Market Action | 45 | |
| Strong Seller's Market | ||
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
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 |
|---|---|---|---|---|---|---|---|---|
| $10,500,000 | 3,764 | 0 - 4,500 sqft | 5 | 5 | 16 | 0 | 1 | 203 |
| $6,495,000 | 4,725 | 0 - 4,500 sqft | 5 | 6 | 2 | 0 | 0 | 56 |
| $2,995,000 | 1,847 | 0 - 4,500 sqft | 3 | 3 | 69 | 0 | 0 | 21 |
| $1,799,950 | 1,222 | 4,500 - 6,500 sqft | 3 | 2 | 66 | 1 | 1 | 59 |