The City of Rolling Hills had the following real estate market activity for single family residences during the 1st quarter of 2019
Propeties for Sale as of 3/31/2018: 15: 40% decrease over this time last year. 5 homes were sold during the 1st quarter of 2019.. This equates to a 3 month supply. 4 homes are in escrow as of the end of March
Average List Price at 12/31/18: $5.0 million Average Sold Price over the last 3 months: $5.8 million which fluctuates widely due to ths limited number of sales.
Average Price per Sq. Ft. for Properties Sold during the last 3 months: $1,124 per sq. ft. This number fluctuates greatly based upon the small number of sales per quarter and was distorted by the sale of a large estate for $15,4 million.
Properties that sold during the quarter were at an average of 90% of List Price and took approx. 2 months to sell.
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.
Thanks for the update, all the best to you as you get many of these properties listed and sold.