Rolling Hills December 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 December 2016:

 

Properties Sold: 2

 

 

Horses

 

Properties for Sale as of 12/31/16: 18 Sales have been averaging 2 homes sold per month over the last 3 months. This equates to approx. 9 months of inventory. 3 homes are in escrow as of the end of December. 

 

 
 
Average List Price at 12/31/16: $6.9 million
 
Average Sold Price over the last 3 months: $3.4 million
 

 

Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 1,000 per sq. ft. , about 34% higher than the comparable period last year. This number fluctuates greatly based upon the small number of sales per quarter.

 

 
 

 

Properties sold at an average of 93% of List Price and took approx. 3 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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Rainmaker
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Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Maureen Megowan - A great real estate update for the Rolling Hills community!  I hope buyers and sellers that are looking for more information and help call you first!

Jan 13, 2017 02:22 PM #1
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