Maureen Megowan's Blog

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Rolling Hills Estates 2nd Quarter 2018 Real Estate Market Report

The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 22 homes at the end of June a 24% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 7 sales a month, a 24% decrease compared to the comparable period last year. There are 8 homes in escrow as of the end of June with contingencies removed.

 
 The following are the 22 properties sold during the 2nd Quarter 2018:
 
 
 
 The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $589 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 7 homes and the 22 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 $2,122,000, a 1% decrease over the comparable period last year.  The average price of homes sold over the last three months was $1,857,000 a 8% increase compared to the similar period last year.
 
 
 
 
 
 
 
 
The time period to sell a home has averaged about 1 month 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 1 commentMaureen Megowan • July 26 2018 11:29PM

Comments

Hi Maureen, what an awesome report,,  always enjoy viewing stats and charts on other communities.  Thanks for sharing with us in AR Land.

Posted by Ronald DiLalla, No. Orange Cty Real Estate (Century 21 Discovery DRE 01813824) 5 months ago

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