Fri Dec 06 2019
This week the median list price for Hermosa Beach, CA is $3,299,000 with the market action index hovering around 42. This is an increase over last month's market action index of 35. Inventory has held steady at or around 21.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$3,299,000|
|Per Square Foot||$1,068|
|Days on Market||185|
|Slight Seller's Advantage|
The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$7,250,000||4,152||0 - 4,500 sqft||5||5||1||0||1||259|
|$4,490,000||4,086||0 - 4,500 sqft||4||3||0||0||0||222|
|$2,949,000||3,700||0 - 4,500 sqft||5||1||0||0||1||54|
|$1,306,000||1,441||0 - 4,500 sqft||3||1||64||1||3||201|