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City of Rolling Hills Estates November 2013 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 to only 9 homes at the end of November a 40% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 9 sales a month, the same as the comparable period last year. There are 5 homes in escrow as of the end of November. Click Here for a current search of homes for Sale in Rolling Hills Estates. Make sure to scroll down to see entire report.
 
 
 
 
       
  Nov. 13 Oct. 13 Curnt vs. Prev Month % Change Nov. 13 Nov. 12 Curnt vs. Same Month 1 Yr Ago % Change Sep. 13 to Nov. 13 Sep. 12 to Nov. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 9 13 -30.8% 9 15 -40% 12 22 -45.5%
Sold 11 8 37.5% 11 8 37.5% 9 8 12.5%
Pended 5 1 400% 5 12 -58.3% 5 11 -54.5%
 
 
 
 
The following is a list of the 11 homes sold in the City of Rolling Hills Estates ( including the
unincorporated area of Palos Verdes Peninsula ) during the month of November 2013:
 
Address Sales Price Bd Bth Sqft$/Sq Yr. Built ML# Sold Date Days on Market

26688 Crenshaw BL $650,000 3 3.00 2,342 $277.54 1961 PV13171376 11/05/13 21
37 Aurora $935,000 4 2.00 1,768 $528.85 1963 PV13187300 11/07/13 6
4171 Pascal PL $1,140,000 3 2.00 2,063 $552.59 1972 PV13182522 11/05/13 38
27089 Sunnyridge RD $1,210,000 5 3.00 3,290 $367.78 1960 PV13130335 11/01/13 75
10 Sweetgrass LN $1,220,000 4 3.00 2,602 $468.87 1963 SB13144886 11/01/13 49
27581 Palos Verdes DR E $1,300,000 4 4.00 2,891 $449.67 1956 SB13060525 11/19/13 154
39 Moccasin LN $1,345,000 5 3.00 3,109 $432.61 1973 PV13112701 11/20/13 90
35 Deerhill DR $1,460,000 5 3.00 2,434 $599.84 1967 SB13103815 11/05/13 99
1 Ferncreek DR $1,600,000 4 3.00 2,335 $685.22 1959 SB13127274 11/04/13 66
12 Arrowhead LN $1,349,000 4 4.00 3,312 $407.31 1978 PV13151387 11/15/13 95

7 Lazy Creek LN $1,300,000 3 4.00 2,286 $568.68 1964 PW13167874 11/13/13 72
Average           $1,228,091 4.0 3.10 2,585 $475                                            70

         

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 $505 per sq. ft. over the last 3 months, an approx. 12% increase from the comparable period a year ago.
 
 
 
 
 
 
 
       
  Nov. 13 Oct. 13 Curnt vs. Prev Month  % Change Nov. 13 Nov. 12 Curnt vs. Same Month 1 Yr Ago % Change Sep. 13 to Nov. 13 Sep. 12 to Nov. 12 Curnt vs. Same Qtr 1 Yr Ago% Change
Avg. Sq. Ft. Price 475.1 507.1 -6.3% 475.1 458.4 3.7% 505 449.9 12.3%
 
 
 
 
Horse Jumping at Dapplegray
 
Based on the average monthly sales for the last 3 months of 9 homes and the 9 homes listed for sale, there is currently about 1 months inventory of unsold homes. The chart below is based upon the most recent months sales.
 
 
The average list price of homes in Rolling Hills Estates has been relatively stabile recently but increased significantly in November, however the lower priced homes in the market have been selling more rapidly.
 
 
 
 
 
 
 
 
 
The time period to sell a home has averaged about 2 months over the last quarter, and homes have sold for an average of 93% 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 1 commentMaureen Megowan • December 26 2013 02:04PM
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