The City of Rolling Hills had the following real estate market activity for single family residences during December 2016:
Properties Sold: 2
Properties for Sale as of 12/31/16: 18 Sales have been averaging 2 homes sold per month over the last 3 months. This equates to approx. 9 months of inventory. 3 homes are in escrow as of the end of December.
Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 1,000 per sq. ft. , about 34% higher than the comparable period last year. This number fluctuates greatly based upon the small number of sales per quarter.
Properties sold at an average of 93% of List Price and took approx. 3 to 4 months to sell over the last 3 months