The City of Rolling Hills had the following real estate market activity for single family residences during the second quarter of2016:

Properties Sold: 10

Horses

Properties for Sale as of 6/30/16: 26Sales have been averaging 3 homes sold per month over the last 3 months. This equates to approx. 9 months of inventory. 1 homes is in escrow as of the end of June.

Average List Price at 6/30/16: $6.0million
Average Sold Price over the last 3 months: $3.9 million

Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 712per sq. ft. , about 3% higherthan the comparable period last year.

Properties sold at an average of 94% of List Price and took approx. 2 to 6months to sell over the last 3 months

For other market reports for the Palos Verdes Peninsula, go toMarket Reportson mywebsite.

For more information about Palos Verdes and South Bay Real Estate and buying and sellinga homeon the Palos Verdes Peninsula, visit my website at https://www.maureenmegowan.com. I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula.I would love to hear your comments or suggestions.