The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) decreased substantially in December and is still only 24 homes, a 35% decrease from the prior year. The number of properties sold monthly has increased substantially over the last 3 months, with 32 homes sold in May and June but only 4 homes sold in July, after averaging 11 sales a month for the previous 3 months. There are 7 homes in escrow as of the end of May. Click Here for a current search of homes for Sale in Rolling Hills Estates.
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The following are a list of the 4 homes sold in the City of Rolling Hills Estates during the month of July 2012:
Address Sales Price Price Bd Bth Sqft $/Sq Yr. Built ML# Sold Date Days on Market
40 Encanto DR $789,000 3 2.00 1,660 $475.30 1960 S12069734 7/11/12 4
10 Country Meadow RD $1,550,000 4 4.00 4,080 $379.90 1979 K12065501 7/06/12 115 29330 Stonecrest RD $1,060,000 4 3.00 2,865 $369.98 1967 V12007402 7/20/12 171 4659 Browndeer LN $899,000 4 3.00 2,189 $410.69 1965 V12064278 7/13/12 9
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Although the average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) continued to make a strong comeback since the first of the year , averaging $440 per sq. ft. over the last quarter, the most recent quarter showed an approx. 4% drop from the comparable quarter a year ago.
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The average list price of homes in Rolling Hills Estates has been steadily rising over the last six months, however the
lower priced homes in the market are selling more rapidly.
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