Pango Group
Hermosa Beach, CA 90254
Single-Family Homes
www.pangogroup.com
Hermosa Beach, CA 90254
Fri Dec 14 2018
This week the median list price for Hermosa Beach, CA 90254 is $3,100,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 27.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Seller's Advantage
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $3,100,000 | |
| Per Square Foot | $1,599 | |
| Days on Market | 210 | |
| Price Decreased | 52% | |
| Price Increased | 0% | |
| Relisted | 19% | |
| Inventory | 27 | |
| Median House Rent | ||
| Most Expensive | $17,500,000 | |
| Least Expensive | $1,175,000 | |
|
Market Action Index
Slight Seller's Advantage |
31 |
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $10,175,000 | 3,963 | 0 - 4,500 sqft | 5 | 3 | 0 | 0 | 0 | 329 |
| $5,200,000 | 3,600 | 0 - 4,500 sqft | 4 | 3 | 17 | 0 | 1 | 102 |
| $2,199,000 | 1,643 | 0 - 4,500 sqft | 3 | 1 | 50 | 0 | 0 | 276 |
| $1,324,000 | 913 | 0 - 4,500 sqft | 2 | 1 | 66 | 0 | 1 | 151 |