The City of Rolling Hills had the following real estate market activity for single family residences during August 2016:
Properties Sold: 2
Properties for Sale as of 8/31/16: 26 Sales have been averaging 2 homes sold per month over the last 3 months. This equates to approx. 13 months of inventory. 2 homes are in escrow as of the end of August.
Average List Price at 8/31/16: $6.3 million
Average Sold Price over the last 3 months: $4.0 million
Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 714 per sq. ft. , about 14% lower than the comparable period last year.
Properties sold at an average of 91% of List Price and took approx. 2 to 4 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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