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 October, a 19% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 12 sales a month, a 40% increase compareed to the comparable period last year. There are 9 homes in escrow as of the end of October.
The following is a list of the 11 homes sold in the City of Rolling Hills Estates ( including the
unincorporated area of Palos Verdes Peninsula ) during the month of October 2015:
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Based on the average monthly sales for the last 3 months of 12 homes and the 17 homes listed for sale, there is currently less than 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 $1,883,000, a 5% decrease over the comparable period last year. The average price of homes sold over the last three months was $1,621,000 a 19% decrease 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 94% of list price
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