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. Click here to stay informed with the Hermosa Beach market!

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.

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. Click here to stay informed with the Hermosa Beach market!

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

Never miss important changes in the Hermosa Beach market.
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