Rolling Hills Estates 1st Quarter 2018 Real Estate Market Report

By
Real Estate Agent with Remax Estate Properties - BRE #01368971

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.
 
 
 
 
Horse Jumping at Dapplegray
 
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
 
 
 
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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Michele Cadogan-Cell 917-861-9166
Fillmore Real Estate 2926 Ave J Brooklyn NY 11210 - Brooklyn, NY
Licensed Real Estate Associate Broker -

Residents or someone ready to relocate to the Rolling Hills Estate area will find this real estate market  report helpful.

Apr 21, 2018 05:10 PM #1
Rainmaker
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Joyce Marsh, Daytona Beach Florida
Premier Sotheby's International Realty - Daytona Beach, FL
Two Decades Of Experience Selling Luxury Homes...

Thank you for your helpful and informative market report about real estate in your neighborhood. 

Apr 23, 2018 05:48 AM #2
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Rainmaker
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Maureen Megowan

Palos Verdes Real Estate Blog
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