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Rolling Hills Estates August 2014 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 ) is 23 homes at the end of August, a 35% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 10 sales a month, 25% higher than the comparable period last year. There are 15 homes in escrow as of the end of August however, a substantial increase over the last 3 months. Click Here for a current search of homes for Sale in Rolling Hills Estates. Make sure to scroll down to see entire report.

 
 
 
 
 
 
       
  Aug. 14 Jul. 14 Curnt vs. Prev Month % Change Aug. 14 Aug. 13 Curnt vs. Same Month 1 Yr Ago % Change Jun. 14 to Aug. 14 Jun. 13 to Aug. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 23 29 -20.7% 23 17 35.3% 25 19 31.6%
Sold 8 16 -50% 8 9 -11.1% 10 8 25%
Pended 15 5 200% 15 15 0% 10 11 -9.1%
 
 
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 August 2014:
 
Address Sales Price Bd Bth Sqft$/Sq Yr. Built ML# Sold Date Days on Market

2211 Carriage DR $655,000 4 2.00 1,542 $424.77 1955 SB14126345 8/05/14 38

27064 Sunnyridge RD $990,000 3 2.00 1,884 $525.48 1956 SB14092074 8/06/14 18

2317 Carriage DR $998,000 3 2.00 1,512 $660.05 1955 PV14126568 8/07/14 115

2209 Carriage DR $1,035,000 3 2.00 1,600 $646.88 1955 SB14141440 8/29/14 17

17 Pepper Tree LN $1,060,000 3 3.00 2,546 $416.34 2002 SB14098092 8/29/14 78

11 Brokenbow LN $1,120,000 3 2.00 1,637 $684.18 1957 SB14160307 8/29/14 32

82 Dapplegray LN $1,470,000 4 3.00 3,400 $432.35 1962 SB14104235 8/05/14 121

6 Saddlehorn LN $2,587,500 5 4.00 4,670 $554.07 1959 PV14114791 8/08/14 64

Average                 $1,239,438 4.0 2.50 2,349 $528 1963                                          60

 

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $547 per sq. ft. over the last 3 months, an approx. 10% increase from the comparable period a year ago.
 
 
 
 
 
 
 
       
  Aug. 14 Jul. 14 Curnt vs. Prev Month % Change Aug. 14 Aug. 13 Curnt vs. Same Month 1 Yr Ago % Change Jun. 14 to Aug. 14 Jun. 13 to Aug. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 527.6 568.2 -7.1% 527.6 523.7 0.7% 546.8 498.3 9.7%
 
 
 
 
 
Horse Jumping at Dapplegray
 
Based on the average monthly sales for the last 3 months of 10 homes and the 23 homes listed for sale, there is currently a little over 2 months inventory of unsold homes. The chart below is based upon the most recent month's sales of 8 homes sold in August.
 
 
The average list price of homes in Rolling Hills Estates has been steady over the last 3 months averaging $1,989,000, a 25% increase over the comparable period last yearhowever the lower priced homes in the market have been selling more rapidly. .
 
 
 
 
 
 
 
 
 
The time period to sell a home has averaged about 1 to 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.

 

 

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