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City of Rolling Hills Estates November 2012 Real Estate Market Report

The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) has decreased substantially this year down to only 14 homes, a 32% decrease from the prior year. The number of properties sold monthly has increased substantially over the last 3 months, averaging 8 sales a month, a 60% increase over the comparable period last year . There are 16 homes in escrow as of the end of November, demonstrating a very active market. Click Here for a current search of homes for Sale in Rolling Hills Estates. Make sure to scroll down to see entire report.

 

       
  Nov. 12 Oct. 12 Curnt vs. Prev Month % Change Nov. 12 Nov. 11 Curnt vs. Same Month 1 Yr Ago % Change Sep. 12 to Nov. 12 Sep. 11 to Nov. 11 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 14 23 -39.1% 14 26 -46.2% 21 31 -32.3%
Sold 8 12 -33.3% 8 3 166.7% 8 5 60%
Pended 16 13 23.1% 16 4 300% 12 4 200%
 
 
 
 
The following are a list of the 8 homes sold in the City of Rolling Hills Estates during the month of November 2012:
 
Address Sales  Price Bd Bth Sqft $/Sq Yr. Built ML# Sold Date Days on Market

4 Silver Eagle RD            $850,000 2 3.00 1,395 $609.32 1957 12618145     11/21/12      71

27300 Rainbow Ridge RD $865,000 4 3.00 2,464 $351.06 1957 V12126264   11/07/12      23

4324 Rousseau LN        $1,100,000 5 3.00 3,104 $354.38 1972 PV12145644 11/29/12        1

40 Pony LN                   $1,240,000 4 3.00 2,434 $509.45 1961 S12073302  11/30/12      162

40 Santa Bella RD         $1,380,000 4 4.00 3,181 $433.83 1960 S12097364   11/29/12       84

8 Pleasant Hill DR          $1,925,000 4 4.00 4,382 $439.30 1990 V12113152   11/15/12      276

26511 Dunwood RD       $1,140,000 4 4.00 2,082 $547.55 1956 V12103882   11/21/12       73

25 Rollingwood DR        $1,150,000 3 2.00 2,010 $572.14 1956 PV12128392  11/19/12       22

 

Average                   $1,206,250 4.0 3.30 2,632 $458                                                   89

 

 

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) continued to make a strong comeback since the first of the year , averaging $450 per sq. ft. over the last 3 months, an approx. 14% increase from the comparable period a year ago.

 
 
       
  Nov. 12 Oct. 12 Curnt vs. Prev Month % Change Nov. 12 Nov. 11 Curnt vs. Same Month 1 Yr Ago % Change Sep. 12 to Nov. 12 Sep. 11 to Nov. 11 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 458 446 2.8% 458 444 3.3% 450 393 14.4%
 

 

 
Horse Jumping at Dapplegray
 
Based on the average monthly sales for the last 3 months of 8 homes and the 14 homes listed for sale, there is currently less than a 2 month inventory of unsold homes.
 
 
The average list price of homes in Rolling Hills Estates has been rising recently, however the
lower priced homes in the market are selling more rapidly.
 
 
 
 
 
 
       
  Nov. 12 Oct. 12 Curnt vs. Prev Month % Change Nov. 12 Nov. 11 Curnt vs. Same Month 1 Yr Ago % Change Sep. 12 to Nov. 12 Sep. 11 to Nov. 11 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Active Price 1725 1599 7.9% 1725 1366 26.3% 1626 1411 15.2%
Avg. Sold Price 1206 1340 -10% 1206 1610 -25.1% 1302 1208 7.8%
 
The  time period to sell a home has averaged 2 months over the last quarter, and homes have sold for an average of 94% of list price
 
 
 
 
 
 For other market reports for the Palos Verdes Peninsula, go to Market Reports on my website.
 

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.

Comment balloon 0 commentsMaureen Megowan • December 10 2012 12:49PM
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