After making a strong comeback in the average price per sq. ft. of homes sold in Rolling Hills Estates during the spring, the most recent quarter showed an approx. 6% drop from the comparable quarter a year ago. Because of the relatively small number of monthly sales, the average monthly price per sq. ft. for this city is highly dependent on the type of homes sold during the month.

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
Nov. 11 Oct. 11 % Change Nov. 11 Nov. 10 % Change Sep. 11 to Nov. 11 Sep. 10 to Nov. 10 % Change
Avg. Sq. Ft. Price 413 407 1.5% 413 404 2.1% 407 432 -5.9%

Horse Jumping at Dapplegray

The number of properties on the market in Rolling Hills Estates decreased substantially in November, but this is normal for the holiday season and is comparable to the prior year. Based on the average monthly sales for the last 3 months, there is currently a 7 month inventory of unsold homes.

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
Nov. 11 Oct. 11 % Change Nov. 11 Nov. 10 % Change Sep. 11 to Nov. 11 Sep. 10 to Nov. 10 % Change
For Sale 24 32 -25% 24 23 4.3% 29 26 11.5%
Sold 2 3 -33.3% 2 4 -50% 4 4 0%
Pended 4 1 300% 4 4 0% 3 4 -25%
The following are the homes sold in the City of Rolling Hills Estates during the month of November 2011:
Address Sales Price Price Bd Bth Sqft $/Sq Yr. Built ML# Sold Date Days on Market

80 Buckskin LN $1,350,000 4 4.00 3,157 $427.62 2000 S11100175 11/01/11 71

27 Hillcrest Manor $1,850,000 5 5.00 4,595 $402.61 1999 V11116334 11/17/11 75

Average $1,600,000 5 4.50 3,876 $413 73

My sense of the market is that it has become a relatively stable market, however buyers seem to continue to feel uneasy about the economy, and even with record low interest rates, buyers remain cautious.

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on 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.