The City of Rolling Hills had the following real estate market activity for single family residences during the 2nd quarter of 2018
Properties Sold: 6
Properties for Sale as of 6/30/2018: 36, a 33% increase over this time last year. Sales have been averaging 2 home sold per month over the last 3 months. This equates to a 18 month supply. 2 homes are in escrow as of the end of June
Average List Price at 6/30/18: $5.2 million Average Sold Price over the last 3 months: $2.7 million
Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 646 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 91% of List Price and took approx. 1-3 months to sell.
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