Rolling Hills Estates December 2016 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 17 homes at the end of December a 42% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 6 sales a month, a 25% decrease compared to the comparable period last year. There are 5 homes in escrow as of the end of December.

 
 
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 December 2016:
 

 
The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $552 per sq. ft. over the last 3 months, an approx. 3% decrease from the comparable period a year ago.
 
 
 
 
 
Horse Jumping at Dapplegray
 
Based on the average monthly sales for the last 3 months of 6 homes and the 17 homes listed for sale, there is currently about 3 months inventory of unsold homes. The chart below is based upon the most recent month's sales.
 
 
 
The average list price of homes in Rolling Hills Estates over the last 3 months has been averaging $1,992,000, an 11% increase over the comparable period last year.  The average price of homes sold over the last three months was $1,719,000 a 8% increase over the similar period last year.
 
 
 
 
 
 
 
 
 
 
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 91% of list price
 
 
 
 
For other market reports for the Palos Verdes Peninsula, go to Market Reports on my website.

 

 

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California Los Angeles County Rolling Hills Estates Palos Verdes Drive North
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CALIFORNIA REAL ESTATE
Beach & Luxury Realty Group
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I appreciate the amount of research that you have put into this market report and it was well worth your work Maureen Megowan. Well done! 

Jan 13, 2017 04:32 PM #1
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