The single family home market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) was at a seasonable level during the 1st quarter of 2019 with 22 homes on the market at the end of March, a large 69% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 7 sales a month, a 10% increase compared to the comparable period last year. There are 8 homes in escrow as of the end of March with contingencies removed, a 11% increase over this time last year.
The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $706 per sq. ft. over the last 3 months, an approx. 22% increase from the comparable period a year ago.
The average list price of homes in Rolling Hills Estates over the last 3 months has been averaging $2,159,000, a 1% decrease over the comparable period last year. The average price of homes sold over the last three months was $2,172,000 a 23% increase compared to the similar period last year.
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