Maureen Megowan's Blog


Rolling Hills Estates 4th Quarter 2018 Real Estate Market Report

The single family home market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) was quite active on a seasonable level during the 4th quarter of 2018 with 20 homes on the market at the end of December, a 66% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 7 sales a month, a 91% increase compared to the comparable period last year. There are 13 homes in escrow as of the end of  December with contingencies removed, by far the highest monthly  pending sales in over a year.

 The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $581 per sq. ft. over the last 3 months, an approx. 6% increase 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 20 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 $2,017,000 a 27% increase compared to the similar period last year.
The time period to sell a home has averaged about 2 month over the last quarter, and homes have sold for an average of 96% 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 . 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 2 commentsMaureen Megowan • January 11 2019 11:54PM


It is very important to stay on top of current market trends. Thanks for the information on your market area 

Posted by Joyce Marsh, Regional Manager Regal Christie's Int'l Realty (Regal | Christie's International Real Estate) 5 months ago

Thanks for the update, all the best to you as you get many of these properties sold.

Posted by Sally Crane, Woodland appraisal support. (WMS) 5 months ago

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