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Rolling Hills Estates 3rd Quarter 2018 Real Estate Market Report

The single family home market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) slowed considerably during the 3rd quarter of 2018 with 32 homes on the market at the end of September, a 33% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 5 sales a month, a 53% decrease compared to the comparable period last year. There are 6 homes in escrow as of the end of September with contingencies removed.

 
 
 The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $632 per sq. ft. over the last 3 months, an approx. 7% increase from the comparable period a year ago.
 
 
 
 
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Based on the average monthly sales for the last 3 months of 5 homes and the 32 homes listed for sale, there is currently about 6 months inventory of unsold homes. The chart below is based upon the most recent month's sales of only 1 home in September.
 
 
 
The average list price of homes in Rolling Hills Estates over the last 3 months has been averaging $2,181,000, a 4% decrease over the comparable period last year.  The average price of homes sold over the last three months was $1,748,000 a 5% increase compared to the similar period last year.
 
 
 
 
 
 
 
 
The time period to sell a home has averaged about 1 month over the last quarter ( September statistic below based on only 1 sale) , and homes have sold for an average of 98% 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 • October 16 2018 09:58PM

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