The City of Rolling Hills had the following real estate market activity for single family residences during the 1st quarter of 2018
Properties Sold: 6
Properties for Sale as of 3/31/2018: 25, a 9% 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. 2 homes are in escrow as of the end of March.
Average List Price at 3/31/18: $5.7 million Average Sold Price over the last 3 months: $2.8 million
Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 683 per sq. ft. This number fluctuates greatly based upon the small number of sales per quarter.
Properties sold at an average of 87% of List Price and took approx. 4-6 months to sell over the last 3 months