Pango Group

Gardena, CA 90247

Single-Family Homes

www.pangogroup.com



Gardena, CA 90247

Fri Dec 14 2018
This week the median list price for Gardena, CA 90247 is $604,500 with the market action index hovering around 43. This is less than last month's market action index of 54. Inventory has held steady at or around 18. Click here to stay informed with the Gardena 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gardena, CA 90247

Fri Dec 14 2018
This week the median list price for Gardena, CA 90247 is $604,500 with the market action index hovering around 43. This is less than last month's market action index of 54. Inventory has held steady at or around 18. Click here to stay informed with the Gardena 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gardena market.
Median List Price $604,500
Per Square Foot $422
Days on Market 61
Price Decreased 28%
Price Increased 17%
Relisted 6%
Inventory 18
Median House Rent $3,195
Most Expensive $851,900
Least Expensive $429,000
Market Action Index
Slight Seller's Advantage
43

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$752,450 2,392 0 - 4,500 sqft 3 3 0 0 0 106
$644,000 1,571 6,500 - 8,000 sqft 3 1 66 1 0 47
$595,000 1,371 6,500 - 8,000 sqft 3 1 65 1 1 53
$459,000 902 4,500 - 6,500 sqft 2 0 70 1 2 44