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City of Rolling Hills Estates July 2013 Real Estate Market Report

By Maureen Megowan

Real Estate Agent with Remax Estate Properties - BRE #01368971

August 09, 2013 05:15 AM

The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) has decreased to only 19 homes at the end of July, a 24% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 10 sales a month, a 9% decrease over the comparable period last year . There are 13 homes in escrow as of the end of July. Click Here for a current search of homes for Sale in Rolling Hills Estates. Make sure to scroll down to see entire report.


	Jul. 13	Jun. 13	Curnt vs. Prev Month % Change	Jul. 13	Jul. 12	Curnt vs. Same Month 1 Yr Ago % Change	May. 13 to Jul. 13	May. 12 to Jul. 12	Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale	19	21	-9.5%	19	25	-24%	19	22	-13.6%
Sold	8	8	0%	8	4	100%	10	11	-9.1%
Pended	13	7	85.7%	13	5	160%	9	9	0%

The following is a list of the 8 homes sold in the City of Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) during the month of July 2013:

Address Sales Price Bd Bth Sqft $/Sq Yr. Built ML# Sold Date Days on Market

4449 Palos Verdes DR N    $1,160,000 5 3.00 2,633 $440.56 1951 PV13116044 7/23/13 37
45 Hitching Post                $1,230,000 4 3.00 2,700 $455.56 1953 PV13078658 7/03/13 73
23 Dorado PL                    $1,350,000 4 3.00 2,476 $545.23 1960 PV13114595 7/18/13 18
25 Pony LN                       $1,568,000 4 3.00 3,263 $480.54 1961 PV13110538 7/26/13 9
4741 Sugarhill DR             $1,650,000 4 4.00 3,048 $541.34 1962 SB13119369 7/16/13 5
9 Pepper Tree LN              $1,200,000 3 3.00 2,546 $471.33 2002 PV13050340  7/10/13 98
14 Country LN                  $1,700,000 4 4.00 3,312 $513.29 1983 PV13066929  7/08/13 36
10 Via De La                       $819,700 4 2.00 1,885 $434.85 1963 IN13023264 7/03/13 1
Average                           $1,334,713 4.0 3.10 2,733 $493                                           35

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. 12% increase from the comparable period a year ago.


	Jul. 13	Jun. 13	Curnt vs. Prev Month % Change	Jul. 13	Jul. 12	Curnt vs. Same Month 1 Yr Ago % Change	May. 13 to Jul. 13	May. 12 to Jul. 12	Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price	488.4	479.8	1.8%	488.4	398.2	22.6%	493.1	440.5	11.9%

Based on the average monthly sales for the last 3 months of 10 homes and the 19 homes listed for sale, there is currently less than 2 months inventory of unsold homes. The chart below is based upon the most recent months sales.

The average list price of homes in Rolling Hills Estates has been relatively stabile recently, however the lower priced homes in the market selling more rapidly.


	Jul. 13	Jun. 13	Curnt vs. Prev Month % Change	Jul. 13	Jul. 12	Curnt vs. Same Month 1 Yr Ago % Change	May. 13 to Jul. 13	May. 12 to Jul. 12	Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Active Price	1627	1621	0.4%	1627	1585	2.6%	1663	1587	4.8%
Avg. Sold Price	1334	1139	17.1%	1334	1074	24.2%	1274	1292	-1.4%