Pango Group

Hermosa Beach, CA 90254

Single-Family Homes

www.pangogroup.com



Hermosa Beach, CA 90254

Fri Apr 23 2021
This week the median list price for Hermosa Beach, CA 90254 is $5,399,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 19. 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 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.

Hermosa Beach, CA 90254

Fri Apr 23 2021
This week the median list price for Hermosa Beach, CA 90254 is $5,399,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 19. 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 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

Never miss important changes in the Hermosa Beach market.
Median List Price $5,399,000
Per Square Foot $1,498
Days on Market 84
Price Decreased 37%
Price Increased 0%
Relisted 21%
Inventory 19
Median Rent $8,700
Most Expensive $22,900,000
Least Expensive $1,395,000
Market Action 40
Slight Seller's Advantage

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$16,472,500 5,236 4,500 - 6,500 sqft 5 7 16 0 1 276
$6,099,500 4,137 0 - 4,500 sqft 4 6 5 0 1 70
$3,985,000 3,449 0 - 4,500 sqft 5 4 38 1 0 42
$2,125,000 2,002 0 - 4,500 sqft 3 3 65 2 3 63