The City of Rolling Hills had the following real estate market activity for single family residences during December 2016:
Properties Sold: 2
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 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.
