After making a strong comeback in the average price per sq. ft. of homes sold in Rolling Hills Estates for the previous quarter, the most recent quarter showed a 20% decline in price per sq. ft. for properties sold. It also is an approx. 10% 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.
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Based on the average monthly sales for the last 3 months, there is currently a 6 month inventory of unsold homes.
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One positive factor is that the last three months sales have been higher than each of the last 10 months except for one month in May.
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