Rolling Hills June 2016 Real Estate Market Report

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

The City of Rolling Hills had the following real estate market activity for single family residences during the second quarter of 2016:

 

Properties Sold: 10

 

 

 

Horses

 

Properties for Sale as of 6/30/16: 26  Sales have been averaging 3 homes sold per month over the last 3 months. This equates to approx. 9 months of inventory. 1 homes is in escrow as of the end of June. 

 

 
 
Average List Price at 6/30/16: $6.0million
 
Average Sold Price over the last 3 months: $3.9 million
 

 

Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 712 per sq. ft. , about 3% higher than the comparable period last year.

 

 
 

 

Properties sold at an average of 94% of List Price and took approx. 2 to 6 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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Maureen Megowan

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