Rolling Hills 1st Quarter 2019 Real Estate Market Report

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

The City of Rolling Hills had the following real estate market activity for single family residences during the 1st quarter of 2019

 

 Horses

Propeties for Sale as of 3/31/2019: 15: 40% decrease over this time last year. 5 homes were sold during the 1st quarter of 2019.. This equates to a 3 month supply.  4 homes are in escrow as of the end of March

 

Average List Price at 6/30/19: $5.0 million   Average Sold Price over the last 3 months: $5.8 million which fluctuates widely due to ths limited number of sales.

 

Average Price per Sq. Ft. for Properties Sold during the last 3 months: $1,124 per sq. ft. This number fluctuates greatly based upon the small number of sales per quarter and was distorted by the sale of a large estate for $15,4 million.

 

Properties that sold during the quarter were at an average of 90% of List Price and took approx. 2 months to sell.

 

For other market reports for the Palos Verdes Peninsula, go to Market Reports on my website.

Comments (3)

Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Apr 15, 2019 09:59 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I hope you have enjoyed a very productive summer.

Take care, be safe and have an outstanding September.

Sep 04, 2020 05:37 AM
Manuel Angeles
Doorway Home Loans NMLS #222730 - Los Angeles, CA
Home Loans Made Easy

Great post! Thank you for sharing this ☺

 

- Manuel Angeles

Nov 28, 2020 07:08 PM