Monday December 5, 2016
Jessica Kalkin's
Executive Summary
HERMOSA BEACH, CA 90254
Condos - Townhomes
This Week
The median list price in HERMOSA BEACH, CA 90254 this week is
$1,895,000.
Inventory is up and Market Action is trending down recently. While
days-on-market appears to be trending lower, the overall
conditions are weakening a bit.
Supply and Demand
The market has been cooling off a bit in recent weeks, as more
homes are available and demand is less. However, the market is still
notably in the Seller's zone so we haven't yet seen prices move lower
as a result. It may take a few more weeks of slack demand for
prices to reflect and begin to fall. Expect this condition if the index
falls to the Buyer's zone.
±+
Real-Time Market Profile
Trend
Median List Price
$ 1,895,000
Asking Price Per Square Foot
$ 754
Average Days on Market (DOM)
47
Percent of Properties with Price Decrease
24 %
Percent Relisted (reset DOM)
6%
Percent Flip (price increased)
0%
Median House Size (sq ft)
2580
Median Number of Bedrooms
3.0
Median Number of Bathrooms
4.5
=
±+
≠≠
Market Action Index
≠≠
No change
Seller's Advantage
41.3
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
Prices is this zip code this week saw relatively little change from
last week. However the market appears to be trying to establish
an uptrend. Keep an eye on the Market Action Index to
determine if demand will help push prices higher.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
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.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Square Feet
Beds
Baths
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Age Inventory New Absorbed DOM
Top/First
$ 2,742,500
2905
3.0
4.5
0
4
0
0
32
Most expensive 25% of properties
Upper/Second
$ 2,099,500
2820
4.0
4.5
1
4
0
0
35
Upper-middle 25% of properties
Lower/Third
$ 1,860,000
2477
3.5
2.5
19
4
0
1
56
Lower-middle 25% of properties
Bottom/Fourth
$ 880,900
1933
3.0
3.0
14
5
1
0
63
Least expensive 25% of properties
Jessica Kalkin | 310-935-8854 | [email protected]
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