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City of Rolling Hills Estates January 2014 Real Estate Market Report

The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 12 homes at the end of January, a 36% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 6 sales a month, 33% less than the comparable period last year. There are 7 homes in escrow as of the end of January. Click Here for a current search of homes for Sale in Rolling Hills Estates. Make sure to scroll down to see entire report.
 
 
       
  Jan. 14 Dec. 13 Curnt vs. Prev Month % Change Jan. 14 Jan. 13 Curnt vs. Same Month 1 Yr Ago % Change Nov. 13 to Jan. 14 Nov. 12 to Jan. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 12 5 140% 12 16 -25% 9 14 -35.7%
Sold 3 4 -25% 3 6 -50% 6 9 -33.3%
Pended 7 3 133.3% 7 6 16.7% 5 9 -44.4%
 
The following is a list of the 3 homes sold in the City of Rolling Hills Estates ( including the
unincorporated area of Palos Verdes Peninsula ) during the month of January 2014:
 
Address Sales Price Bd Bth Sqft$/Sq Yr. Built ML# Sold Date Days on Market

27060 Sunnyridge RD $1,260,000 4 4.00 3,400 $370.59 1955 PV13136913 1/30/14 125
27639 Eastvale RD $1,275,000 3 3.00 2,600 $490.38 1961 PV13193041 1/16/14 95
4627 Browndeer LN $1,000,000 4 3.00 2,189 $456.83 1965 PV13208591 1/17/14 46
Average                 $1,178,333 4.0 3.30 2,730 $431                                              89

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $496 per sq. ft. over the last 3 months, an approx. 7% increase from the comparable period a year ago.
 
 
 
       
  Jan. 14 Dec. 13 Curnt vs. Prev Month % Change Jan. 14 Jan. 13 Curnt vs. Same Month 1 Yr Ago % Change Nov. 13 to Jan. 14 Nov. 12 to Jan. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 431.7 600.8 -28.1% 431.7 489.1 -11.7% 495.8 464.3 6.8%
 
Horse Jumping at Dapplegray
 
Based on the average monthly sales for the last 3 months of 6 homes and the 12 homes listed for sale, there is currently about 2 months inventory of unsold homes. The chart below is based upon the most recent month's sales.
 
 
The average list price of homes in Rolling Hills Estates has substantially increased recently, 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.

 

- See more at: http://activerain.com/blogsview/4254812/city-of-rolling-hills-estates-october-2013-real-estate-market-report-#sthash.HgC7KbcL.dpuf

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 • February 15 2014 01:03PM

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