The single family home market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) slowed considerably during the 3rd quarter of 2018 with 32 homes on the market at the end of September, a 33% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 5 sales a month, a 53% decrease compared to the comparable period last year. There are 6 homes in escrow as of the end of September with contingencies removed.
The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $632 per sq. ft. over the last 3 months, an approx. 7% increase from the comparable period a year ago.
The average list price of homes in Rolling Hills Estates over the last 3 months has been averaging $2,181,000, a 4% decrease over the comparable period last year. The average price of homes sold over the last three months was $1,748,000 a 5% increase compared to the similar period last year.
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