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
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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