The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 22 homes at the end of June a 24% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 7 sales a month, a 24% decrease compared to the comparable period last year. There are 8 homes in escrow as of the end of June with contingencies removed.

The following are the 22 properties sold during the 2nd Quarter 2018:

The average price per square foot for homes sold in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) averaged $589 per sq. ft. over the last 3 months, an approx. 3% decrease from the comparable period a year ago.

Based on the average monthly sales for the last 3 months of 7 homes and the 22 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 $2,122,000, a 1% decrease over the comparable period last year. The average price of homes sold over the last three months was $1,857,000 a 8% increase compared to the similar period last year.

The time period to sell a home has averaged about 1 month 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.