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 March a 32% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 7 sales a month, a 17% increase compared to the comparable period last year. There are 9 homes in escrow as of the end of March with contingencies removed.
The following are the 20 properties sold during the 1st Quarter 2018:
The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $621 per sq. ft. over the last 3 months, an approx. 8% increase from the comparable period a year ago. |
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.
The average list price of homes in Rolling Hills Estates over the last 3 months has been averaging $2,188,000, a 3% decrease over the comparable period last year. The average price of homes sold over the last three months was $1,767,000 a 7% increase compared to the similar period last year. |
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 94% 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.
Residents or someone ready to relocate to the Rolling Hills Estate area will find this real estate market report helpful.
Thank you for your helpful and informative market report about real estate in your neighborhood.