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Rolling Hills Estates March 2017 Real Estate Market Report

The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 19 homes at the end of March a 27% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 6 sales a month, a 13% decrease compared to the comparable period last year. There are 4 homes in escrow as of the end of March.

 
 The following are the 17 properties sold during the 1st Quarter 2017
 
 
 The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $576 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 6 homes and the 19 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 $2,244,000, an 24% increase over the comparable period last year.  The average price of homes sold over the last three months was $1,646,000 about the same as the similar period last year.
 
 
 
 
 
 
 
 
 
 
The time period to sell a home has averaged about 2 to 5 months over the last quarter, and homes have sold for an average of 93% 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 • April 12 2017 12:03AM

Comments

Always good to be in the know. Thank you for sharing this and best of luck!

Posted by Jeremy K. Frost, Associate Broker, CNE, CRS, ePro, PSA (Keller Williams Realty) 2 months ago

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