Rolling Hills Estates July 2015 Real Estate Market Report

The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 25 homes at the end of July, a 14% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 9 sales a month,a 31% decrease compareed tothe comparable period last year. There are 17homes in escrow as of the end of July.

The following is a list of the 8 homes sold in the City of Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) during the month of July2015:

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $585 per sq. ft. over the last 3 months, an approx. 6% increase from the comparable period a year ago.

Based on the average monthly sales for the last 3 months of 9 homes and the 25 homes listed for sale, there is currently about 3 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 $1,810,000, a 8% decrease over the comparable period last year.The average price of homes sold over the last three months was $1,449,000 an 11% decrease over the similar period last year.

The time period to sell a home has averaged about 1 to 2 months over the last quarter, and homes have sold for an average of 97% of list price

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