Maureen Megowan's Blog

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Rolling Hills Estates February 2015 Real Estate Market Report

The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 13 homes at the end of January, a 7% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 7 sales a month,a 40% increase over the comparable period last year. There are 8 homes in escrow as of the end of February.

 
 
The following is a list of the 5 homes sold in the City of Rolling Hills Estates ( including the
unincorporated area of Palos Verdes Peninsula ) during the month of February 2015:
 

 

 

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $581 per sq. ft. over the last 3 months, an approx. 11% increase from the comparable period a year ago.
 
 
 
 
 
Horse Jumping at Dapplegray
 
Based on the average monthly sales for the last 3 months of 7 homes and the 13 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 of 5 homes sold in February.
 
 
 
The average list price of homes in Rolling Hills Estates has been steady over the last 3 months averaging $1,766,000, a 9% decrease over the comparable period last year,and is close to the average price of homes sold over the last three months.
 
 
 
 
 
 
 
 
 
The time period to sell a home has averaged about 2 to 3 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 2 commentsMaureen Megowan • March 14 2015 04:32PM

Comments

Maureen Megowan - Your real estate market reports for the Rolling Hills Estates area in Palos Verdes, CA are really good!  I hope buyer and sellers call you for more real estate market insight and help!

Posted by Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com, Tahoe Real Estate Agent Helping Buyers and Sellers (Coldwell Banker, Tahoe City, CA (530) 414-1260) almost 4 years ago

Statistics in Rolling Hills look promising Maureen Megowan. I like your approach and you've given me some ideas how I can report my  market trends better.

Posted by Paul S. Henderson, REALTOR®, CRS, Tacoma Washington Agent/Broker & Market Authority! (RE/MAX Northwest.) almost 4 years ago

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