George Fotion's Market Report

Hermosa Beach, CA 90254

Single-Family Homes

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Hermosa Beach, CA 90254

Sat Jul 11 2020
This week the median list price for Hermosa Beach, CA 90254 is $4,047,450 with the market action index hovering around 36. This is an increase over last month's market action index of 35. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Hermosa Beach, CA 90254

Sat Jul 11 2020
This week the median list price for Hermosa Beach, CA 90254 is $4,047,450 with the market action index hovering around 36. This is an increase over last month's market action index of 35. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Hermosa Beach market.
Median List Price $4,047,450
Per Square Foot $1,461
Days on Market 177
Price Decreased 40%
Price Increased 3%
Relisted 7%
Inventory 30
Median Rent $4,200
Most Expensive $18,995,000
Least Expensive $999,000
Market Action 36
Slight Seller's Advantage

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 4,403 4,500 - 6,500 sqft 5 6 16 1 0 233
$5,349,000 4,137 0 - 4,500 sqft 5 5 11 1 0 161
$2,773,500 2,561 0 - 4,500 sqft 4 3 41 2 1 163
$1,652,500 1,567 0 - 4,500 sqft 3 2 65 0 2 154