Thu Nov 14 2019
This week the median list price for Hermosa Beach, CA is $2,897,500 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 30.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,897,500|
|Per Square Foot||$1,244|
|Days on Market||174|
|Slight Seller's Advantage|
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.
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||3,800||0 - 4,500 sqft||5||2||1||0||1||242|
|$4,499,000||3,700||0 - 4,500 sqft||5||3||1||0||1||186|
|$2,100,000||1,606||0 - 4,500 sqft||3||1||48||1||4||78|
|$1,199,000||1,172||0 - 4,500 sqft||3||1||65||0||2||199|