The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 34 homes at the end of July a 36% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 11 sales a month, a 19% increase compared to the comparable period last year. There are only 6 homes in escrow as of the end of July.

The following is a list of the 6 homes sold in the City of Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) during July 2016:

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $536 per sq. ft. over the last 3 months, an approx. 9% decrease from the comparable period a year ago.

Based on the average monthly sales for the last 3 months of 11 homes and the 34 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 $2,088,000, an 15% increase over the comparable period last year. The average price of homes sold over the last three months was $1,600,000 a 10% decrease over the similar period last year.

The time period to sell a home has averaged about 2 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.