The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 13 homes at the end of March a 32% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 7 sales a month, a 17% increase compared to the comparable period last year. There are 9 homes in escrow as of the end of March with contingencies removed.
The following are the 20 properties sold during the 1st Quarter 2018:
The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $621 per sq. ft. over the last 3 months, an approx. 8% increase from the comparable period a year ago.
Based on the average monthly sales for the last 3 months of 7 homes and the 13 homes listed for sale, there is currently about 2 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 $2,188,000, a 3% decrease over the comparable period last year. The average price of homes sold over the last three months was $1,767,000 a 7% increase compared to the similar period last year.
The time period to sell a home has averaged about 2 to 3 months over the last quarter, and homes have sold for an average of 94% of list price