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City of Rolling Hills Estates May 2013 Real Estate Market Report

By
Real Estate Agent with Remax Estate Properties - BRE #01368971

The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) has decreased to only 17 homes at the end of May, a 19% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 11 sales a month, a 8% decrease over the comparable period last year . There are 10 homes in escrow as of the end of May. Click Here for a current search of homes for Sale in Rolling Hills Estates. Make sure to scroll down to see entire report.

 
 
 
       
  May. 13 Apr. 13 Curnt vs. Prev Month % Change May. 13 May. 12 Curnt vs. Same Month 1 Yr Ago % Change Mar. 13 to May. 13 Mar. 12 to May. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 17 19 -10.5% 17 21 -19% 16 23 -30.4%
Sold 13 8 62.5% 13 11 18.2% 11 12 -8.3%
Pended 10 8 25% 10 13 -23.1% 10 10 0%
 
 
The following is a list of the 13 homes sold in the City of Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) during the month of May 2013:
 
Address Sales                Price Bd Bth Sqft $/Sq Yr. Built     ML#     Sold Date   Days on Market

6 Ranchview RD          $865,000 3 3.00 2,165 $399.54 1955 SB13024329 5/07/13          73

26572 Academy DR     $957,500 3 2.00 2,063 $464.13 1973 PV13005372 5/14/13         120

44 Shady Vista RD    $1,325,000 4 4.00 2,718 $487.49 1963 PV13024716 5/24/13          81

15 Ferncreek DR       $1,555,000 5 3.00 3,010 $516.61 1964 SB13042710 5/24/13          37

8 Rawhide LN            $1,600,000 5 3.00 4,008 $399.20 1970 PV13039217 5/21/13         76

49 Shady Vista RD    $1,900,000 5 4.00 3,656 $519.69 1958 PV13045878 5/07/13           2

26722 Eastvale RD    $2,250,000 4 4.00 3,000 $750.00 1958 PV13000702 5/03/13          69

31 Hillcrest Meadows $1,249,000 3 3.00 2,333 $535.36 1991 13652401     5/01/13          81

48 Country LN           $1,875,000 6 5.00 4,080 $459.56 1979 SB13034145 5/03/13          66

4613 Browndeer LN   $1,050,000 3 2.00 2,001 $524.74 1965 PV13060610 5/24/13            9

5131 Kingspine RD       $820,000 3 2.00 1,747 $469.38 1956 SB13010081 5/24/13          27

1 Rollingwood DR         $838,000 3 2.00 1,700 $492.94 1959 PV13055576 5/10/13          17

26442 Dunwood RD      $895,000 4 2.00 1,595 $561.13 1956 PV13056174 5/28/13          10

Average               $1,321,500 4.0 3.00 2,621 $493                                                         51

 

 

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) continued to make a strong comeback since the first of the year , averaging $493 per sq. ft. over the last 3 months, an approx. 18% increase from the comparable period a year ago.

 
 
 
 
       
  May. 13 Apr. 13 Curnt vs. Prev Month % Change May. 13 May. 12 Curnt vs. Same Month 1 Yr Ago % Change Mar. 13 to May. 13 Mar. 12 to May. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 504.1 498.4 1.2% 504.1 412.4 22.2% 493.7 417.5 18.3%

 

 
Horse Jumping at Dapplegray
 
Based on the average monthly sales for the last 3 months of 11 homes and the 17 homes listed for sale, there is currently less  than 2 months inventory of unsold homes.
 
 
The average list price of homes in Rolling Hills Estates had been rising recently, however the lower priced homes in the market
selling more rapidly.
 
 
 
 
 
 
 
 
       
  May. 13 Apr. 13 Curnt vs. Prev Month % Change May. 13 May. 12 Curnt vs. Same Month 1 Yr Ago % Change Mar. 13 to May. 13 Mar. 12 to May. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Active Price 1755 1605 9.3% 1755 1576 11.4% 1675 1493 12.2%
Avg. Sold Price 1321 1567 -15.7% 1321 1212 9% 1388 1153 20.4%
 
The time period to sell a home has averaged 2 months 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.

Comments(1)

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Maureen - You really serve your client well with such in-depth real estate market data and insight for the City of Rolling Hills Estates!  You've given buyers and sellers a lot of great market information for your area!

Jun 17, 2013 08:29 AM