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Rolling Hills Estates October 2015 Real Estate Market Report

By
Real Estate Agent with Remax Estate Properties - BRE #01368971

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:
 
 
The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $554 per sq. ft. over the last 3 months, an approx. 8% decrease from the comparable period a year ago.
 
 
 
 
 
Horse Jumping at Dapplegray
 
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
 
 
 
 
For other market reports for the Palos Verdes Peninsula, go to Market Reports on my website.

 

 

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