Pango Group
Hermosa Beach, CA 90254
Single-Family Homes
www.pangogroup.com
Hermosa Beach, CA 90254
Tue Aug 11 2020
This week the median list price for Hermosa Beach, CA 90254 is $3,899,900 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 29.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
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 | $3,899,900 | |
| Per Square Foot | $1,427 | |
| Days on Market | 126 | |
| Price Decreased | 34% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 29 | |
| Median Rent | $5,400 | |
| Most Expensive | $18,995,000 | |
| Least Expensive | $1,150,000 | |
| Market Action | 38 | |
| Slight Seller's Advantage | ||
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
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 | 4,000 | 4,500 - 6,500 sqft | 5 | 6 | 16 | 0 | 0 | 118 |
| $4,450,000 | 4,137 | 0 - 4,500 sqft | 5 | 5 | 16 | 0 | 1 | 120 |
| $3,199,000 | 2,496 | 0 - 4,500 sqft | 4 | 4 | 14 | 0 | 0 | 116 |
| $1,899,499 | 1,906 | 0 - 4,500 sqft | 3 | 2 | 53 | 4 | 2 | 147 |