The City of Rolling Hills ( area 166 in map below ) had the following real estate market activity for single family residences during the 4th Quarter of 2014:
Properties Sold: 6 ( Compared to 5 sales in the comparable quarter last year ). 1 propety is in escrow at the end of December.
Average Sales Price of homes sold during 4th quarter: $ 3.4 million
Properties for Sale as of 12/31/2014: 14 ( 7 months inventory based on average sales during the last quarter of 2 homes sold per month)
Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 820 per sq. ft. Because of the small number of sales, the price per sq. ft. of homes sold varies widely
Properties sold at an average of 88% of List Price
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.