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City of Rolling Hills Estates April 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 18 homes at the end of April, a 5% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 7 sales a month, 30% less than the comparable period last year. There are 17 homes in escrow as of the end of April, however, a substantial increase over the last 7 months. Click Here for a current search of homes for Sale in Rolling Hills Estates. Make sure to scroll down to see entire report.
 
 
       
  Apr. 14 Mar. 14 Curnt vs. Prev Month % Change Apr. 14 Apr. 13 Curnt vs. Same Month 1 Yr Ago % Change Feb. 14 to Apr. 14 Feb. 13 to Apr. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 18 18 0% 18 19 -5.3% 17 15 13.3%
Sold 8 5 60% 8 8 0% 7 10 -30%
Pended 17 8 112.5% 17 8 112.5% 10 10 0%
 
 
The following is a list of the 8 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

27809 Conestoga DR $890,000 4 2.00 1,486 $598.92 1956 PV14011902 4/10/14 83
16 Silver Saddle LN $1,100,000 3 2.00 2,244 $490.20 1953 OC14059512 4/10/14 3
27330 Rainbow Ridge RD $1,365,000 4 3.00 3,119 $437.64 1960 PV14068578 4/23/14 19
14 Pinto LN $1,430,000 4 4.00 2,416 $591.89 1962 SB14029527 4/10/14 43
3 Branding Iron LN $2,000,000 6 4.00 4,651 $430.02 1968 PV14018671 4/04/14 36
3528 Newridge DR $1,400,000 3 3.00 4,614 $303.42 1988 SW14032603 4/08/14 123
29304 Indian Valley RD $1,195,000 4 3.00 2,109 $566.62 1965 PV14038430 4/18/14 41
4804 Rockbluff DR $1,169,000 4 3.00 3,297 $354.56 1957 PV14043916 4/17/14 45
Average             $1,318,625 4.0 3.00 2,992 $441                                                   49

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $506 per sq. ft. over the last 3 months, an approx. 8% increase from the comparable period a year ago.
 
 
 
 
       
  Apr. 14 Mar. 14 Curnt vs. Prev Month % Change Apr. 14 Apr. 13 Curnt vs. Same Month 1 Yr Ago % Change Feb. 14 to Apr. 14 Feb. 13 to Apr. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 440.7 589.6 -25.3% 440.7 498.4 -11.6% 505.9 469.4 7.8%
 
 
Horse Jumping at Dapplegray
 
Based on the average monthly sales for the last 3 months of 7 homes and the 18 homes listed for sale, there is currently between 2 and 3 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 1 to 4 months over the last quarter, and homes have sold for an average of 96% 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 • May 20 2014 04:24PM

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