The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 24 homes at the end of September a 20% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 11 sales a month, a 52% increase compared to the comparable period last year. There are 7 homes in escrow as of the end of September.
The following are the 32 properties sold during the 3rd 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 $590 per sq. ft. over the last 3 months, an approx. 4% decrease from the comparable period a year ago. |
Based on the average monthly sales for the last 3 months of 11 homes and the 24 homes listed for sale, there is currently about 2 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 $2,259,000, an 13% increase over the comparable period last year. The average price of homes sold over the last three months was $1,661,000 a 12% increase compared to the similar period last year. |
The time period to sell a home has averaged about 1 to 3 months over the last quarter, and homes have sold for an average of 94% of list price
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