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 December a 42% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 6 sales a month, a 25% decrease compared to the comparable period last year. There are 5 homes in escrow as of the end of December.
The following is a list of the 8 homes sold in the City of Rolling Hills Estates ( including the
unincorporated area of Palos Verdes Peninsula ) during December 2016:
Based on the average monthly sales for the last 3 months of 6 homes and the 17 homes listed for sale, there is currently about 3 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 $1,992,000, an 11% increase over the comparable period last year. The average price of homes sold over the last three months was $1,719,000 a 8% increase 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 91% of list price