George Fotion's Market Report
Hermosa Beach, CA 90254
Single-Family Homes
Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467
Hermosa Beach, CA 90254
Sun Jan 29 2023
This week the median list price for Hermosa Beach, CA 90254 is $5,799,500 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $5,799,500 | |
| Median Price of New Listings | $5,349,500 | |
| Per Square Foot | $1,883 | |
| Average Days on Market | 207 | |
| Median Days on Market | 98 | |
| Price Decreased | 19% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 16 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
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 |
|---|---|---|---|---|---|---|---|---|
| $16,747,500 | 6,004 | 4,500 - 6,500 sqft | 5 | 6.5 | 17 | 0 | 0 | 381 |
| $9,174,500 | 3,198 | 0 - 4,500 sqft | 3 | 4 | 18 | 1 | 1 | 98 |
| $3,993,500 | 3,115 | 6,500 - 8,000 sqft | 4 | 3 | 64 | 0 | 0 | 70 |
| $1,599,500 | 1,063 | 0 - 4,500 sqft | 2 | 2 | 69 | 1 | 2 | 80 |