The City of Rolling Hills had the following real estate market activity for single family residences during the 4th quarter of 2018
Propeties for Sale as of 12/31/2018: 16: 33% decrease over this time last year. 7 homes were sold during the 4th quarter of 2018.. This equates to a 7 month supply. 1 homes is in escrow as of the end of December.
Average List Price at 12/31/18: $4.9 million Average Sold Price over the last 3 months: $5.6 million
Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 619 per sq. ft. This number fluctuates greatly based upon the small number of sales per quarter.
Properties that sold during the quarter were at an average of 72% of List Price and took approx. 4 months to sell.
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