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Rolling Hills December 2016 Real Estate Market Report

The City of Rolling Hills had the following real estate market activity for single family residences during December 2016:

 

Properties Sold: 2

 

 

Horses

 

Properties for Sale as of 12/31/16: 18 Sales have been averaging 2 homes sold per month over the last 3 months. This equates to approx. 9 months of inventory. 3 homes are in escrow as of the end of December. 

 

 
 
Average List Price at 12/31/16: $6.9 million
 
Average Sold Price over the last 3 months: $3.4 million
 

 

Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 1,000 per sq. ft. , about 34% higher than the comparable period last year. This number fluctuates greatly based upon the small number of sales per quarter.

 

 
 

 

Properties sold at an average of 93% of List Price and took approx. 3 to 4 months to sell over the last 3 months

 

 

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 • January 13 2017 10:16PM
Rolling Hills December 2016 Real Estate Market Report
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