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. 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 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.

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. 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 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

Never miss important changes in the Hermosa Beach market.
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