The City of Rolling Hills had the following real estate market activity for single family residences during the 4th quarter of 2017
Properties Sold: 6
Properties for Sale as of 12/31/17: 24, a 33% increase over this time last year. Sales have been averaging 2 home sold per month over the last 3 months. This equates to a 12 month supply. 3 homes are in escrow as of the end of December
Average List Price at 12/31/17: $5.6 million Average Sold Price over the last 3 months: $3.3 million
Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 818 per sq. ft.his number fluctuates greatly based upon the small number of sales per quarter.
Properties sold at an average of 89% of List Price and took approx. 2 -3 months to sell over the last 3 months