Pango Group
Hermosa Beach, CA 90254
Single-Family Homes
www.pangogroup.com
Hermosa Beach, CA 90254
Sat Feb 27 2021
This week the median list price for Hermosa Beach, CA 90254 is $4,425,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 23.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $4,425,000 | |
| Per Square Foot | $1,498 | |
| Days on Market | 91 | |
| Price Decreased | 35% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 23 | |
| Median Rent | $7,500 | |
| Most Expensive | $22,900,000 | |
| Least Expensive | $1,483,000 | |
| Market Action | 39 | |
| Slight Seller's Advantage | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $13,950,000 | 3,615 | 4,500 - 6,500 sqft | 5 | 7 | 19 | 0 | 0 | 175 |
| $7,649,750 | 4,417 | 0 - 4,500 sqft | 4 | 6 | 9 | 1 | 0 | 63 |
| $3,769,000 | 3,530 | 0 - 4,500 sqft | 5 | 4 | 18 | 1 | 1 | 31 |
| $2,249,500 | 2,027 | 0 - 4,500 sqft | 3 | 3 | 67 | 1 | 1 | 105 |