The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 19 homes at the end of March a 27% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 6 sales a month, a 13% decrease compared to the comparable period last year. There are 4 homes in escrow as of the end of March.
The following are the 17 properties sold during the 1st Quarter 2017
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The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $576 per sq. ft. over the last 3 months, an approx. 8% decrease from the comparable period a year ago. |
Based on the average monthly sales for the last 3 months of 6 homes and the 19 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 $2,244,000, an 24% increase over the comparable period last year. The average price of homes sold over the last three months was $1,646,000 about the same as the similar period last year. |
The time period to sell a home has averaged about 2 to 5 months over the last quarter, and homes have sold for an average of 93% of list price
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