Maureen Megowan's Blog

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Rolling Hills Estates December 2016 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 December a 42% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 6 sales a month, a 25% decrease compared to the comparable period last year. There are 5 homes in escrow as of the end of December.

 
 
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 December 2016:
 

 
The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $552 per sq. ft. over the last 3 months, an approx. 3% decrease from the comparable period a year ago.
 
 
 
 
 
Horse Jumping at Dapplegray
 
Based on the average monthly sales for the last 3 months of 6 homes and the 17 homes listed for sale, there is currently about 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 over the last 3 months has been averaging $1,992,000, an 11% increase over the comparable period last year.  The average price of homes sold over the last three months was $1,719,000 a 8% increase 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 91% 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 1 commentMaureen Megowan • January 13 2017 10:05PM

Comments

I appreciate the amount of research that you have put into this market report and it was well worth your work Maureen Megowan. Well done! 

Posted by Paul S. Henderson, REALTOR®, CRS, Tacoma Washington Agent/Broker & Market Authority! (RE/MAX Northwest.) almost 2 years ago

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