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Rolling Hills Estates October 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 17 homes at the end of October, a 19% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 12 sales a month, a 40% increase compareed to the comparable period last year. There are 9 homes in escrow as of the end of October.

 
 
The following is a list of the 11 homes sold in the City of Rolling Hills Estates ( including the
unincorporated area of Palos Verdes Peninsula ) during the month of October 2015:
 
 
The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $554 per sq. ft. over the last 3 months, an approx. 8% decrease from the comparable period a year ago.
 
 
 
 
 
Horse Jumping at Dapplegray
 
Based on the average monthly sales for the last 3 months of 12 homes and the 17 homes listed for sale, there is currently less than 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 over the last 3 months has been averaging $1,883,000, a 5% decrease over the comparable period last year.  The average price of homes sold over the last three months was $1,621,000 a 19% decrease over the similar period last year.
 
 
 
 
 
 
 
 
 
 
The time period to sell a home has averaged about 1 to 2 months over the last quarter, and homes have sold for an average of 94% 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 • November 10 2015 03:24PM

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