City of Rolling Hills 1st Quarter 2012 Real Estate Market Report

The City of Rolling Hills ( area 166 in map below ) had the following real estate market activity for single family residences during the 1st Quarter of 2012:

Properties Sold:  3

Address                               Sales  Price Bd Bth        Sqft      $/Sq  Yr Built      ML#         Sold Date             Days to Sell

1 Middleridge N LN $1,275,000 2 2.00 2,100   $607  1953  11556011   1/12/12        110

38 Saddleback RD  $1,650,000 3 2.00 1,972   $836   1943 NP792027   2/17/12        195

4 Pine Tree           $7,000,000 5 7.00 10,000 $700    2006 S11103739 1/17/12        163

Average Sales Price of homes sold during 1st quarter: $ 3.3 million

Properties for Sale as of 3/31/12:  13

Average List Price at 3/31/12:  $  5.8 million

Average Price per Sq. Ft. for Properties Sold during 1st Qtr:   $ 715 per sq. ft.

Properties sold at an average of 90% of List Price