The City of Rolling Hills had the following real estate market activity for single family residences during October 2015:
Properties Sold: 3
Properties for Sale as of 10/31/15: 20 Sales have been averaging 2 homes sold per month over the last 3 months.This equates to approx. 10 months of inventory. 3 homes are in escrow as of the end of October.
Average List Price at 10/31/15 $4.2 million
Average Sold Price over the last 3 months: $4.6 million
Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 872 per sq. ft. , about 15% higher than the comparable period last year.
Properties sold at an average of 94% of List Price and took approx. 1 to 2 months to sell over the last 3 months
For other market reports for the Palos Verdes Peninsula, go to Market Reports on my website.
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