The City of Rolling Hills had the following real estate market activity for single family residences during the second quarter of 2017
Properties Sold: 6
Properties for Sale as of 6/30/17: 27 Sales have been averaging 2homes 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 6/30/17: $6.0 million Average Sold Price over the last 3 months: $2.5 million
Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 743 per sq. ft. , about 4% 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. 1 to 3 months to sell over the last 3 months